Evolution of Wesley c. Mitchell's economic thinking about business cycles
Name: CAÍQUE BRAGA DE OLIVEIRA
Publication date: 28/09/2022
Advisor:
Name |
Role |
|---|---|
| ALEXANDRE OTTONI TEATINI SALLES | Advisor * |
Examining board:
| Name |
Role |
|---|---|
| ALEXANDRE OTTONI TEATINI SALLES | Advisor * |
| ROGÉRIO ARTHMAR | Internal Examiner * |
Summary: Theories about what makes up economic cycles and what causes them began with the final results of the Industrial Revolution that strengthened capitalism. In this period when economic cycles were first documented as market phenomena, the internal structures of the economies of several countries such as the USA and France modernized from agriculture to capital-intensive industrial production. Capitalist economists recognized the need to search for an understanding of the factors that enabled the causality of these economic cycles. Mitchell´s theoretical contributions to the economic literature are largely related to business cycles. Mitchell´s studies of business cycles are "Business Cycles", written in 1913, "Business Cycles: The Problem and its Setting", written in 1927, and "Measuring Business Cycles, co-authored with Arthur Burns and published in 1946. the objective of this research is to search for an understanding of the theoretical concepts addressed by the works of Wesley C. Mitchell (1874-1948) around the economic cycles. To fulfill the main objective of this work, there is a division into three chapters. The first chapter deals with
Mitchell´s book: "The Business Cycles" (1913) in which the author analyzes the instabilities that arose in the economy in a cumulative process and explains the purpose of his theory. The second chapter highlights the dynamic evolutionary aspect of the business cycle theory based on Wesley C. Mitchell´s description. In the third chapter, a historical approach is presented on the use of economic indicators.
