2011 Reprint of 1947 edition. Full facsimile of the original
edition, not reproduced with Optical Recognition Software. In 1947
Edward R. Dewey and Edwin F. Dakin published their book Cycles: The
Science of Prediction which argued the United States economy was
driven by four cycles of different length. Dewey devoted his life
to the study of cycles, claiming that "everything that has been
studied has been found to have cycles present." He carried out
extensive studies of cyclicity in economic, geological, biological,
sociology, physical sciences and other disciplines. As a result of
his research, Dewey asserted that seemingly unrelated time series
often had similar cycles periods present and that when they did the
phase of these cycles was mostly very similar (cycle synchrony). He
also said that there were many cycles with periods that were
related by powers or products of 2 and 3. Dewey understood his
cycle theory to be capable of understanding what the market is
going to do and of predicting what may come.
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