This is a new release of the original 1951 edition.

Additional Contributors Include F. W. Taussig, P. Sraffa, E. H. Chamberlin And Others.

This edition (1964) of Business Cycles and National Income includes the whole of the 1951 edition (Parts I-IV) in unaltered form and adds five new chapters (Part V). This new material presents a survey and analysis of the four recessions and recoveries which we have witnessed in the American economy in the periods 1948-1963.