Preface
Business Cycles, 1913
Famous Wesley Clair Mitchell Quotes
I read a lot of the tariff speeches and got a new sidelight on the uses to which economic theory is adapted, and the ease with which it is brushed aside on occasion. Also I wanted to find out what really had happened to wool growers as a result of protection. The obvious thing to do was to collect and analyze the statistical data... That was my first 'investigation'.
Wesley Clair Mitchell in letter to John Maurice Clark, August 9, 1928. Originally printed in Methods in Social Science, ed. Stuart Rice; Cited in: Arthur F. Burns (1965, 65-66)
Source: "Statistics and Government," 1919, pp. 45, 47, 48-51; as cited in: Arthur F. Burns. " New Facts on Business Cycles http://www.nber.org/chapters/c0386," in: Arthur F. Burns (ed). The Frontiers of Economic Knowledge. Princeton University Press. 1954. p. 61 - 106; p. 63
Source: Business Cycles, 1913, p. 19-20; as cited in: Mary S. Morgan. The History of Econometric Ideas. p. 46