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Hardcover, Navy blue fine-ribbed cloth with blindstamped title to cover and faded gilt title to spine. Presumed First Edition, 1927. Book Condition: Good, corners bumped, end papers and text show moderate age tanning, previous owner name in pen to front endpapers, spine straight, binding tight. No Dust Jacket. Contents: Chapter I: A Classification of Business-Cycle Theories, Chapter II: The Capitalistic System of Distribution as Cause of the Business Cycle, Chapter III: The Theory of Foster and Catchings in Comparison with the Capitalistic Distribution Theories, Chapter IV: The Capitalistic Process of Production as Cause of the Business Cycle, Chapter V: The Exchange of Economy as Cause of the Business Cycle, Chapter VI: The Money Economy as Cause of the Business Cycle, Chapter VII: The Critical Analysis of Profits in the Light of Business-Cycle Theories, Chapter VIII: The Present Status of Business-Cycle Theory. -- Hansen was a Professor of Economics at the University of Minnesota at the time he authored this book, but in 1937 Hansen was appointed Lucius N. Littauer Professor of Political Economy at Harvard University. Hansen's best known contribution to economics was his and John Hicks' development of the IS-LM model, also known as Hicks-Hansen synthesis. The framework graphically represents investment-savings (IS) and the liquidity-money supply (LM), and can be used to illustrate how fiscal and monetary policies can be employed to alter national income. Good copy of this Hansen Classic, 218 Pages, Indexed. Collectible. Seller Inventory # 000295
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