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Of the Relationship Among Red Squirrels, Butter Prices, and Steel

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Item Type: Sound Recording Duration: 7 min
Event Type: Lecture and Panel Discussion Program Origin: KPFA

The Reverend Roger Pritchard reads an article from the front page of the Jan. 12, 1972 edition of the “Wall Street Journal.” Written by staff reporter Bob Howard, the article relates the work of the economist Edward R. Dewey, whose investigations into the cyclical nature of many types of phenomena were generally met by widespread skepticism. Working as the Chief Economic Analyst of the Department of Commerce in 1931 Dewey became interested in cycles when he was asked by President Herbert Hoover to investigate the causes of the Great Depression. Dewey attempted to explain such recurrent business fluctuations as the result of the interaction of a number of naturally occurring cycles such as the seven year breeding cycle of locusts and a purportedly 20 year building cycle. Although his theories were never accepted by mainstream economists, Dewey went on to document thousands of cycles from geology, biology, business, sociology, physics, and other related fields, and often tried to identify correlations among these many seemingly different phenomena. In 1941 Dewey founded the Foundation for the Study of Cycles and in 1947 he and Og Mandino, published the book “Cycles: The Mysterious Forces That Trigger Events.” The purpose of this recording appears to have been to provide source material for future avant-garde text-sound compositions.

Genre:  Current Events
Subject:  Dewey, Edward R.; Forecasting; Cycles; Business cycles
People:  Prichard, Roger, Rev.; Howard, Bob
Recording Date:  1/12/1972
 
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