"For well over a century business cycles have run an unceasing round. They have persisted through vast economic and social changes; they have withstood countless experiments in industry, agriculture, banking, industrial relations, and public policy; they have confounded forecasters without number, belied repeated prophecies of a "new era of prosperity" and outlived repeated forebodings of "chronic depression.""
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Academics from the United StatesEconomists from the United StatesBusiness theorists from the United StatesChairs of the Council of Economic AdvisorsChairs of the Federal Reserve
Original Language: English
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Sources
Arthur F. Burns (1947). Stepping stones towards the future. Annual Report 27. New York: National Bureau of Economic Research. p. 27; Cited in: Gordon (1986; 1)
https://en.wikiquote.org/wiki/Arthur_F._Burns
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Arthur F. Burns
Arthur Frank Burns (August 27, 1904 – June 26, 1987) was an American economist. His career alternated between academia and government. From 1927 to the 1970s, Burns taught and researched at , , and the .
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