This volume is intended primarily for readers who are not familiar with the many volumes that have already been written on the subject of business cycles by both professional and amateur economists. Business cycles refer to the fluctuations of economic activity about the long term growth trends.
As a courtesy to the experts who are more interested in the technical aspects of the latest developments in business-cycle theory, the author has included a special introduction. This presents the more technical parts of the argument, gives page and section references to new ideas or changed emphasis on older ideas, and discusses the relation of this work to the writings of others.
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