Industrial Fluctuations.

Cover -- Half Title -- Title Page -- Copyright Page -- Original Title Page -- Preface -- Table of Contents -- Introductory Chapter -- Part I Causation -- Chapter I The Problem -- Chapter II The General Characteristics of Industrial Fluctuations -- Chapter III Impulses From the Side of Resources -- Chapter IV Real Impulses Behind Varying Expectations of Profit from Industrial Spending among Business Men -- Chapter V Repercussions not through Psychology -- Chapter VI The Structure of Modern Industry and Opportunities for Errors of Forecast -- Chapter VII The Mutual Generation of Errors of Optimism and Errors of Pessimism -- Chapter VIII Autonomous Monetary Causes of Industrial Fluctuations -- Chapter IX Instrumental and Consumption Trades -- Chapter X The Elasticity of Supply of Floating Capital -- Chapter XI Repercussions in Respect of Floating Capital -- Chapter XII Monetary and Banking Arrangements as a Condition Affecting the Operation of Non-Monetary Impulses -- Chapter XIII Creations of Bank Credit -- Chapter XIV Credit Creations and the Associated Real Levies -- Chapter XV Factors Determining Price Changes -- Chapter XVI The Modification of the Terms of Past Contracts -- Chapter XVII The Reflex Influence of Price Movements on the Expectations of Business Men -- Chapter XVIII Frictional Influences Connected with the Notion of Spoiling the Market -- Chapter XIX The Part Played by Rigidity in Wage-Rates -- Chapter XX The Part Played by Imperfect Mobility of Labour -- Chapter XXI The Comparative Importance of Various Factors in Determining the Amplitude of Industrial Fluctuations -- Chapter XXII Rhythm or Periodicity -- Part II Remedies -- Chapter I Introduction -- Chapter II Remedies for the Several Non-Monetary Impulses to Industrial Fluctuations -- Chapter III A Tabular Standard for Long Contracts.

Chapter IV Remedies Acting upon Bank Credit Policy -- Chapter V Credit Rationing versus Discount Policy -- Chapter VI A Discount Policy Directed towards Price Stabilisation -- Chapter VII Problems Connected with the Supply of Currency -- Chapter VIII Stabilisation versus the Gold Standard -- Chapter IX Wage Policy -- Chapter X Direct Attacks on Industrial Fluctuations -- Chapter XI Voluntary Action by Private Producers and Consumers -- Chapter XII The Adjustment of Orders by Public Authorities -- Chapter XIII Fiscal Devices and Restrictions on Overtime -- Chapter XIV Relief Works -- Chapter XV Short Time versus Unemployment -- Chapter XVI Insurance against Unemployment -- Appendix Statistical Tables -- 1. Mean annual percentages of workpeople unemployed -- 2. Aggregate duration in working days of industrial disputes -- 3. Aggregate money wages bill in the United Kingdom -- 4. Estimated rate of real wages of persons in full work in the United Kingdom -- 5. Pig-iron consumption in the United Kingdom in millions of tons -- 6. Consumption of certain commodities in the United Kingdom -- 7. Index of volume of manufactured imports given for a uniform quantity of food imports into the United Kingdom -- 8. Adjusted index of physical production of (1) agriculture (twelve crops) in the U.S.A. -- (2) pig-iron in the U.S.A.: with secular trends eliminated -- 9. Production of agriculture and mining in the United States -- 10. Prices in the United Kingdom -- 11. Index of prices of minerals divided into index of prices of vegetable foods in the United Kingdom -- 12. Prices in the United States and Germany -- 13. Bank credits in the United Kingdom -- 14. Index numbers of credits outstanding in the United Kingdom -- 15. Proportion of reserve to liabilities of the Bank of England -- 16. Annual clearings of the London Bankers' clearing-house.

17. Average annual rates of discount of good 3-months bankers' bills in London -- Index.

Rejecting the idea of an equilibrium business cycle, this book, originally published in 1927, studies those industrial fluctuations which extend over short spans of years: cyclical fluctuations. The causes of these cycles are discussed and the consequences which result and the way in which to mitigate these consequences are examined.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.