Dear Penners:
I am currently working on a review of Howard Sherman's most recent book ---
THE ROLLER COASTER ECONOMY -- and it strikes me that I haven't a clue if ANY
graduate students in ANY program in the US (heterodox included) ever reads
Wesley Clair Mitchell about Business Cycles.
So I am asking all to cast their information nets as wide as possible and
tell me whether there are any graduate programs that assign Mitchell's major
works: MEASURING BUSINESS CYCLES (with Arthur Burns no less!) and WHAT
HAPPENS DURING BUSINESS CYCLES (1951).
If I am right that virtually no one reads Mitchell any more --- then
students who read HUNT AND SHERMAN as textbooks in the 1970s and 80s (It has
a new edition and I believe sold well in the 1990s as well) are the ONLY
ONES in the US who even know what the term CYCLE RELATIVE means ---
In his new book and in works he is currently planning, he continues his
efforts to acquaint readers with Mitchell's approach to truly MEASURING what
happens over each cycle in order to reveal the inherent nature of these wave
like movements for capitalist economies ...
I think it would be interesting in the review to share with readers how odd
it is that the man who FOUNDED the NBER -- which is the "oracle of Delphi"
when it comes to "calling" recessions and recoveries-- is totally ignored
("a prophet without honor" in his own "country" = "profession").
Thanks in advance for any info you can give me.
Mike Meeropol
[[email protected]]
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