Book Description
Excerpt from Problems in Business Economics The course in advanced Business Economics given in the Harvard Business School seeks to demonstrate the importance, in the forming of executive judgments, of generally accepted eco nomic principles, and especially those economic principles devel oped in recent studies of the business cycle. Most of the cases and problems presented in this'book were gathered by the Harvard Bureau of Business Research for the use of that course; very generally they concern decisions which business men have made since the armistice. For introductory discussion on the business cycle I have drawn freely on the publications of the Harvard University Committee on Economic Research, and especially upon the writings of Professor Warren M. Persons. I am indebted to Professor Charles J. Bullock, the chairman of that committee, and to Professor Persons for permission to present much of the materials contained in Parts I and III. Each of these introduc tory chapters on the Business Cycle (part I) makes reference to cases or problems in Part II, which clearly present the impor tant issues raised in the chapter. Part III contains important statistical series, together with a simplified explanation of the statistical methods devised by Professor Persons and employed by the Harvard Committee in its work. This was prepared by the statistician of the Com mittee, Professor W. L. Crum, for the use of subscribers to the Harvard Economic Service Who might be desirous of comparing statistical series of their own business With the curves of the Harvard Index Chart. This explanation is here included in order that teachers desiring to add laboratory or report work to the requirements of a course in Business Cycles or Business Economics may have a non-mathematical explanation of Pro fessor Persons' methods to place in the hands of their students. It should also be of value to business men desiring to compare the movements of their business with the general business cycle. A more complete explanation appears in Professor Persons' fundamental work, Indices of General Business Conditions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.