It takes the average reader 5 hours and 2 minutes to read Value Theory and Business Cycles by Harlan Linneus McCracken
Assuming a reading speed of 250 words per minute. Learn more
Value Theory and Business Cycles was originally published in 1933 during the great depression. It is the purpose of the present study to show the vital relation between business cycle theory and value theory. In fact, the study is intended to contribute quite as definitely to the economics of value as of business cycles. Section I deals with embodied value theory and price movements. Section II deals with business cycles in relation to the marginal utility theory of value, as developed by the Austrian School. Section III deals directly with the problem of business equilibration, showing how certain forces contribute to instability, and suggesting ways and means of the achievement of greater business stability. The positive argument in this work may follow quite successfully by reading the first chapter in Section I and then proceeding directly to Sections II and III. -This book covers such topics as: -Why production does not finance consumption -Why supply does not beget demand -Why prices do not gravitate to the equilibrium point that clears the market -How a partial depression generates a general depression -Why the repeal of the antitrust laws and the promotion of unrestricted monopoly will not necessarily make business more stable-What the dangers of "greenbackism" really are-How the gold standard is unstable -Why liquidation fails to liquidate in time of depression.
Value Theory and Business Cycles by Harlan Linneus McCracken is 301 pages long, and a total of 75,551 words.
This makes it 102% the length of the average book. It also has 92% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 6 hours and 52 minutes to read Value Theory and Business Cycles aloud.
Value Theory and Business Cycles is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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