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Wesley Clair Mitchell (August 5, 1874 – October 29, 1948) was an American economist known for his empirical work on business cycles and for guiding the National Bureau of Economic Research in its first decades.
Wesley C. Mitchell (born Aug. 5, 1874, Rushville, Ill., U.S.—died Oct. 29, 1948, New York, N.Y.) was an American economist, the world’s foremost authority of his day on business cycles. Mitchell was educated at the University of Chicago, where he came under the influence of Thorstein Veblen and John Dewey.
Jun 11, 2018 · The American economist Wesley Clair Mitchell (1874-1948) was one of the most prominent contributors to the study of business cycles and was also among those who first recognized the importance of sound empirical research in economics.
WESLEY CLAIR MITCHELL (1874-1948) 145. understand why this approach should have led Mitchell to look upon economic life as a process of change, and why from this standpoint the analysis of business cycles should have appeared to him as the first step toward realistic analysis of the economic process in general.
A collection of essays by various authors on the life and work of Wesley Clair Mitchell, a prominent American economist and a founder of the NBER. The book covers his contributions to business cycle theory, economic history, methodology, and social science.
- Arthur F Burns
- 1953
Most neoclassical economists believe that Wesley Clair Mitchell had no theory of the business cycle; according to Milton Friedman, "Mitchell is generally considered pri- marily an empirical scientist rather than a theorist" (Burns 1952, 237).
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Oct 18, 2016 · Wesley C. Mitchell was born in Rushville, Illinois, on 5 August 1874 and died on 29 October 1948. Most of his professional life was spent at Columbia University (1913–19, 1922–44) and as Director of Research at the National Bureau of Economic Research in New York (1920–45).
