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Nearly 85 years ago, Wesley Clair Mitchell, the acknowledged leader
of American economists during the first half of this century,
wrote: "Important as the art of spending is, we have developed less
skill in its practice than in the practice of making money. Common
sense forbids our wasting dollars earned by irksome efforts; and
yet we are notoriously extravagant. Ignorance of qualities,
uncertainty of taste, lack of accounting, carelessness about
pricesa. Many of us scarcely know what becomes of our moneya." More
than ever, in our world of ever-increasing credit card debt,
lenient bankruptcy laws, and runaway consumption, these words still
ring true. This collection of Mitchell's essays, makes it easier
for today's and tomorrow's economists and social scientists to
become acquainted with Mitchell's many contributions to the study
of the American economy. Regrettably, the passage of time can blur
and even obliterate the reputation and achievements of yesterday's
leaders of ideas and actions. Although the National Bureau of
Economic Research, which Mitchell helped to found and which he led
in the 1920s and 1930s, remains a leading research institution,
relatively few of its associates, who represent the elite among
U.S. academic economists, have any first-hand acquaintance with
Mitchell's work. Eli Ginzberg rounds out this edition with
Mitchell's comprehensive analysis of "Business Cycles," first
published in 1929, an area that commanded most of his scholarly
efforts. Ginzberg's essay on Mitchell, written in 1931 and
published for the first time in 1997, serves as an appropriate
introduction to this new edition. His afterword contains remarks
delivered at the 50th anniversary of Mitchell's death at the
meeting of the Allied Social Sciences Association held in Chicago
early in 1998, a telling tribute to this undisputed giant in the
field. "Wesley Clair Mitchell" (1874u1948) held major teaching
posts at the University of California and Columbia University. One
of the most eminent U.S. economists, Mitchell focused much of his
research on the statistical investigation of business cycles. His
two major works are "Business Cycles (1913) and Business Cycles:
The Problem at its Setting, (1927). Eli Ginzberg" is A. Barton
Hepburn Professor Emeritus at the Graduate School of Business, and
Director of the Eisenhower Center for the Conservation of Human
Resources at Columbia University.
Nearly 85 years ago, Wesley Clair Mitchell, the acknowledged leader
of American economists during the first half of this century,
wrote: "Important as the art of spending is, we have developed less
skill in its practice than in the practice of making money. Common
sense forbids our wasting dollars earned by irksome efforts; and
yet we are notoriously extravagant. Ignorance of qualities,
uncertainty of taste, lack of accounting, carelessness about
pricesa. Many of us scarcely know what becomes of our moneya."More
than ever, in our world of ever-increasing credit card debt,
lenient bankruptcy laws, and runaway consumption, these words still
ring true. This collection of Mitchell's essays, makes it easier
for today's and tomorrow's economists and social scientists to
become acquainted with Mitchell's many contributions to the study
of the American economy.Regrettably, the passage of time can blur
and even obliterate the reputation and achievements of yesterday's
leaders of ideas and actions. Although the National Bureau of
Economic Research, which Mitchell helped to found and which he led
in the 1920s and 1930s, remains a leading research institution,
relatively few of its associates, who represent the elite among
U.S. academic economists, have any first-hand acquaintance with
Mitchell's work. Eli Ginzberg rounds out this edition with
Mitchell's comprehensive analysis of "Business Cycles," first
published in 1929, an area that commanded most of his scholarly
efforts. Ginzberg's essay on Mitchell, written in 1931 and
published for the first time in 1997, serves as an appropriate
introduction to this new edition. His afterword contains remarks
delivered at the 50th anniversary of Mitchell's death at the
meeting of the Allied Social Sciences Association held in Chicago
early in 1998, a telling tribute to this undisputed giant in the
field.Wesley Clair Mitchell (1874u1948) held major teaching posts
at the University of California and Columbia University. One of the
most eminent U.S. economists, Mitchell focused much of his research
on the statistical investigation of business cycles. His two major
works are Business Cycles (1913) and Business Cycles: The Problem
at its Setting, (1927).Eli Ginzberg is A. Barton Hepburn Professor
Emeritus at the Graduate School of Business, and Director of the
Eisenhower Center for the Conservation of Human Resources at
Columbia University.
This title is part of UC Press's Voices Revived program, which
commemorates University of California Press's mission to seek out
and cultivate the brightest minds and give them voice, reach, and
impact. Drawing on a backlist dating to 1893, Voices Revived makes
high-quality, peer-reviewed scholarship accessible once again using
print-on-demand technology. This title was originally published in
1941.
This is a new release of the original 1923 edition.
This is a new release of the original 1923 edition.
The Federal Reserve Archival System for Economic Research (FRASER)
started in 2004 as a data preservation and accessibility project of
the Federal Reserve Bank of St. Louis. FRASER's mission is to
safeguard and provide easy access to the nation's economic
history-particularly the history of the Federal Reserve
System-through digitization of documents related to the U.S.
financial system. FRASER preserves and provides access to economic
and banking data and policy documents. To this end, various types
of documents have been digitized, including: publications of the
Board of Governors of the Federal Reserve System, publications of
District Federal Reserve Banks, states and speeches of Federal
Reserve policymakers, archival materials of Federal Reserve
policymakers, government data publications, statistical releases,
books and Congressional hearings.
This scarce antiquarian book is included in our special Legacy
Reprint Series. In the interest of creating a more extensive
selection of rare historical book reprints, we have chosen to
reproduce this title even though it may possibly have occasional
imperfections such as missing and blurred pages, missing text, poor
pictures, markings, dark backgrounds and other reproduction issues
beyond our control. Because this work is culturally important, we
have made it available as a part of our commitment to protecting,
preserving and promoting the world's literature.
This scarce antiquarian book is included in our special Legacy
Reprint Series. In the interest of creating a more extensive
selection of rare historical book reprints, we have chosen to
reproduce this title even though it may possibly have occasional
imperfections such as missing and blurred pages, missing text, poor
pictures, markings, dark backgrounds and other reproduction issues
beyond our control. Because this work is culturally important, we
have made it available as a part of our commitment to protecting,
preserving and promoting the world's literature.
This scarce antiquarian book is included in our special Legacy
Reprint Series. In the interest of creating a more extensive
selection of rare historical book reprints, we have chosen to
reproduce this title even though it may possibly have occasional
imperfections such as missing and blurred pages, missing text, poor
pictures, markings, dark backgrounds and other reproduction issues
beyond our control. Because this work is culturally important, we
have made it available as a part of our commitment to protecting,
preserving and promoting the world's literature.
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