An Exposition Of Economic Financial Science Based Upon A Cycle Of Seasons In Each Decade

Author : William Morton Halbert
Publisher : CreateSpace
ISBN 13 : 9781508811961
Total Pages : 186 pages
Book Rating : 4.8/5 (119 download)

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Download or read book An Exposition of Economic & Financial Science written by William Morton Halbert and published by CreateSpace. This book was released on 2015-03-10 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the PREFACE. Among the numerous works that have been published since the days of Adam Smith's "Wealth of Nations," there are none, on the above subject, that have attempted to give an exposition of the science based upon a Cycle of Seasons, in each decade, beginning on a specific, and ending on a definite year, making within this period a full decade of ten years, and thus, as it were, repeating the same or nearly a similar course each decade, thus forming a regular periodic Cycle of Seasons. In treating the above sciences upon this principle, it renders them much more practical, more closely applicable to the real or actual business of life; their truths are more readily apprehended or understood; they explain themselves under a more easily remembered formula. The subject of a "Cycle of Seasons" has always been a trying if not a difficult one to work out by a statistical evolution. I am myself ashamed to acknowledge, after more than twenty years of thought, of labour, and almost endless correspondence upon this question, it is so very moderately advanced as yet in my hands; but upon it I could gain little assistance from my predecessors, nor much from my contemporaries. But from many scientific friends and correspondents I received an amount of encouragement to persevere I acknowledge with sincere gratitude, and tender to those of them now living my best thanks. The question is, under my exposition, at best only in a tentative state, but capable of being extended and turned to valuable account in the future development of economic and financial science. It may in time, in more able bands than mine, be the means of greatly advancing what is now considered the least progressive of all the sciences, throwing back much of the opprobium, as it were, under which it rests. The leading reviewers of the day now agree in calling it the "Dismal Science;" a very apt and expressive term, showing that some great factor, in its usual exposition, has been overlooked, or long ere this its position would have been far different. This is now attempted to be supplied by dealing with it upon a "Cycle of Seasons," in each recurring decade, thus pointing clearly to the ruling of a great astronomical law in things mundane, whose ultimate discovery and exposition is as yet beset with great difficulties to the best scientific men, but who are now pressing forward in this quest with an eager energy and zeal.