Wesley Clair Mitchell
Wesley Clair Mitchell (born August 5, 1874 in Rushville , Illinois , † October 29, 1948 in New York City , New York ) was an American economist .
Life
Mitchell came into contact with Thorstein Veblen early on .
In 1920, on Mitchell's initiative, the National Bureau of Economic Research was founded. In 1924 he was the American Economic Association as president-elect before. In 1931 Mitchell was elected to the American Academy of Arts and Sciences and the American Philosophical Society .
plant
Mitchell tried to create an improved basis through empirical studies of the economy. He made a name for himself in particular in the field of business cycle research and took into account the influence of subjective expectations on the business cycle.
Mitchell advocated government regulation in the event of unsatisfactory market outcomes. Here he stood in the middle between the free market economy and the centrally planned economy.
Together with Arthur F. Burns , Mitchell developed the Burns-Mitchell chart presented in 1946 for describing business cycles.
Fonts (selection)
- The business cycle. Problem and problem statement. (1927)
Web links
- Literature by and about Wesley Clair Mitchell in the catalog of the German National Library
Individual evidence
- ^ Past and Present Officers. aeaweb.org ( American Economic Association ), accessed October 31, 2015 .
- ^ Member History: Wesley C. Mitchell. American Philosophical Society, accessed December 17, 2018 .
| personal data | |
|---|---|
| SURNAME | Mitchell, Wesley Clair |
| BRIEF DESCRIPTION | American economist |
| DATE OF BIRTH | August 5, 1874 |
| PLACE OF BIRTH | Rushville, Illinois |
| DATE OF DEATH | October 29, 1948 |
| Place of death | New York City |