Wesley Clair Mitchell

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Mitchell, Wesley Clair

 

Born Aug. 5, 1874, in Rushville, 111.; died Oct. 29, 1948, in New York. American economist and statistician, a representative of the Harvard school in economics.

Mitchell studied at the University of Chicago and became a professor at the University of California (1909–12) and at Columbia University (1914–19, 1922-24). From 1920 until 1945 he headed the National Bureau for Economic Research.

Mitchell attempted to use statistics to prove the theses of institutionalism. His work was characterized by a descriptive-statistical method, an empirical approach to economic processes, and a disregard for the objective economic laws of capitalism. Mitchell is known for his research on economic cycles. He attempted to prove the possibility of noncrisis development of the capitalist economic system. After the economic crisis of 1929–33, Mitchell became one of the theoreticians of “regulated capitalism.”

WORKS

Business Cycles: The Problem and Its Setting. New York, 1927.
What Happens During Business Cycles. New York, 1951.
Types of Economic Theory: From Mercantilism to Institutionalism, vols. 1–2. New York, 1967–69.

REFERENCE

Al’ter, L. B. Burzhuaznaia politicheskaia ekonomiia SShA. Moscow, 1971. Chapter 9.

V. S. AFANAS’EV

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Kim and his research team consisting of Olumide Aruwajoye PhD; Thomas Wesley Mitchell; Michael Kutschke BS; Vishal Gokani BS; and Naga Suresh Adapala PhD surgically induced femoral head osteonecrosis in an experimental model of Legg-Calve-Perthes Disease.
Since then, big data has been central to business cycle analysis, from the early work of Clement Juglar to the contributions of both Wesley Mitchell and the Cowles Commission, right up until today.
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Within economics, the best-known attempts at synthesis were those of the institutionalists, a diverse group including Thorsten Veblen, John Commons, and Wesley Mitchell in the United States.
Presenta ejemplos similares con respecto al analisis macro, en los que recuerda la teoria de la funcion de consumo de Duesenberry y establece vinculos con los escritos de Wesley Mitchell sobre las variables macro y con la teoria postkeynesiana.
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business cycles, Wesley Mitchell and Arthur Burns, observed that although business cycles displayed some common patterns, each cycle also had its idiosyncratic components.
Wesley Mitchell Ormrod, aged 25, of George Eliot Avenue, Bedworth, fraudulent use of a vehicle excise licence, possession of cannabis resin, using a vehicle without insurance and using a vehicle without a test certificate, fined pounds 275, ordered to forfeit the cannabis resin for destruction and banned from driving for six months under the totting up provisions.
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Along with Commons, we list as institutionalists the names of Thorstein Veblen, Wesley Mitchell, Clarence Ayres, and with a stretch John Kenneth Galbraith.