Book Review
Introduction
Cycles: The Science of Prediction by Edward R. Dewey and Edwin F. Dakin, published March 1947 by Henry Holt & Co. NY. This is a much-criticized book but it is very importance in the field of economic development. In this book the authors have tried to shows that the 54-year price-production cycle of commercial activities and the 18 1/3 year Real Estate Cycle have much more importance than any other cycles in forecasting the situation of the economy presently. The authors have name the 54-year price-production cycle as a "Kondratieff Cycle" and the "long wave" because its length is unclear. ...
