Trade Cycle (1926)

The Trade Cycle is a book written by Ralph G. Hawtrey and published in 1926. The book is an in-depth analysis of the trade cycle, which refers to the recurring economic cycles of growth and contraction that occur in capitalist economies. Hawtrey examines the causes and effects of these cycles, and provides a theoretical framework for understanding their behavior. He argues that the trade cycle is caused by fluctuations in the supply of money and credit, which in turn affect the level of investment and consumption in the economy. The book also explores the role of government policy in managing the trade cycle, and offers suggestions for how policymakers can best respond to economic downturns. Overall, The Trade Cycle is a seminal work in the field of macroeconomics, and remains relevant to contemporary discussions of economic policy and theory.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.