Still it was an important stepping stone from the previous generation . I who did not fathom a role for government in modifying the business cycle at all. Q What effect did the Great Depression have on the priction business A By the time of the Great Depression severa. I l methods of forecasting had come popular. Many of them including that advocat by Babson and by . I the Harvard Economic Society perceiv that the economy was st understood by studying recurrent historical patterns or past analogies.
They promote each in their
Different way the idea that economies were like atmospheres—independent autonomous and cyclical. But during the Depression those forecasters who advocat that economies operat according to boom bust cycles were left strand. There was plenty of bust Singapore Telegram Number Data but there was no boom forthcoming. During these years those people who advocat instead that economic activity could greatly affect by policy gain prestige. Thus even while Fisher sunk into poverty his econometric ideas were gaining strength. Of course the most popular economist of the s came John Maynard Keynes who similarly advocat that governments could and should intervene to control economic fluctuations when economies got stuck in a suboptimal rut.
In decades after World War
Econometric and policy orient forecasting came to dominate the field. Q What are you working on next A I have start a new book on the rise of big business Luxembourg WhatsApp Numbers List in the twentieth century and its effect on American life. How did we come a nation of organization men in the s to take a term from William H. Whyte How Unit States As part of this project I have en studying the history of Junior Achievement which was a group found in by AT T president Theodore Vail Strathmore Paper Co.
