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actually adaptation amount analysis argument assumptions banks behavior boom business cycles business situations capital capitalist century commodities concept consumers cost curves course created credit creation crises cyclical process demand depression display distinct disturbance economic process effects element England enterprise entrepreneurs equilibrium evolution example existence expected external factors fact factors of production financing firms fluctuations fundamental Germany gold hence historical important increase individual industrial innovation instance investment Juglar Kondratieff logical matter means mechanism ment method monetary monopolistic competition monopoly nature observe obvious old firms oligopoly output particular perfect competition period periodogram phase phenomena possible practice present price level problem production functions Professor profits proposition prosperity purposes quantities railroad reader reason recession relation saving schema sense simply social stationary process statistical theoretical theory things tion trade trend values variables Walrasian equilibrium wave writer