Business Cycles: History, Theory and Investment Reality (Hardcover)

~ (Author)
Key Phrases: house price busts, cyclical drivers, capital spending cycles, John Law, Adam Smith, New York (more...)

Editorial Reviews

Product Description

This entertaining book describes the global history of economic fluctuations and business cycle theory over more than 300 years. It explains the core of the problem and shows how cycles can be forecast and how they are managed by central banks. The book concludes with detailed studies of how sub-sectors of stocks, bonds, hedge funds, private equity funds, gold, exchange rates, real estate, commodities, art and collectibles fluctuate over different categories of business cycles.

From the Inside Flap

"The Intelligent Investor and The Warren Buffett Way are regarded by many as the two most important books written for equity investors. Lars Tvede's Business Cycles is the best ever written book about business and investment cycles. Reading this book will enhance investors ability to understand price swings in bonds, commodities, equities and real estate." - Jorgen Chidekel, President and founder of ProValue AG

"The title Business Cycles may sound like a scientific lecture on high standing economic topics. In fact, the book addresses a series of economic themes and their historic evolution. Written in a fresh and catching language, the recounts are putting the reader's mind into the settings of the time. This book is definitely a value, great to read - and is fun at the same time,, for laymen and experts." - Thomas K. Escher, Vice Chairman Wealth Management, UBS

"As a venture capitalist I often find myself exposed to the fluctuations in the general economy for both the good, and the bad. Lars Tvede's book is the best explanation of these cycles that I have ever read. His approach is clear and entertaining, yet without being simplistic. Its a great read. I strongly recommend this book to anyone relying on business cycles in their daily lives." - Frank Ewald, Partner - IVSA/S Denmark

Acclaim from previous editions of Business Cycles

"Economic theory does unfortunately not always follow a path of continues progress, where the latest theories always are better than the previous. Good theories are often put aside to leave space for some new ones that are vastly inferior. Valuable knowledge was, for instance, thrown overboard with the 'Keynesian revolution'. It is therefore well justified that Lars Tvede has included the history of theories; from the Sun King until present day, and that he emphasizes this in his book. That we are not only given these theories, but that these also are explained through instructive anecdotes about the economists and the environment that influenced them is only enhancing the understanding in an interesting way." - Anders Fogh Rasmussen, Prime Minister, Denmark

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Product Details

• Hardcover: 500 pages
• Publisher: Wiley; 3 edition (June 13, 2006)
• Language: English
• ISBN-10: 0470018062
• ISBN-13: 978-0470018064
• Product Dimensions: 9 x 6.1 x 1.3 inches
• Shipping Weight: 1.8 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon.com Sales Rank: #229,832 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

5.0 out of 5 stars The first and the last book you should read about business cycles for FUN!, December 11, 2008

By	csh - See all my reviews

I bought the book and left it for a while. Recently I picked up starting reading. To my amazement, I enjoyed it tremendously.

Checking into the Amazon, I found there is no review on it, another surprise. It is written in an ever easy style with many anecdotes. It explains formulas in a clear and simple way. My major wasn't in economy but it certainly would attract many non-economy readers who are interested in what is all about economy cycle. (not just business cycle.) It is getting a bit more details starting from chapter 22. It requires a second reading for more elaborated scrutiny.

Don't be misled or intimidated by its titles. The book is really easy to get into. Though you have to be interested in economy. It also unintentionally peeks into the recent recession causes (2007-2008). The book was published in 2006. Presumably written prior that time.

I recommend it to be the first book and the last book you should read about economy (cycles). But not the only book ;-)

A must fun read. Well.. I found his email through the Web and will congratulate him on writing such a nice piece.