with this as a factor that most strongly influences the activity of the economic agents, he considered the money factor (circulation of money, the activities of financial institutions). He set himself the task of taking the next step in moving Veblen from the "normal" model of reality - to confirm the difference between the actual behavior of the economy of the hedonic normotipa through statistical analysis. "Real" economic entity was for Mitchell "average" man in his relation to monetary institutions. Mitchell know the expression that the money may not be the root of all evil, but they are at least "the root of economic science." Believed that the money economy, despite its shortcomings, is the best form of economic organization of society . On this basis, it is a generally positive attitude to such a variety of money economy, as financial capitalism. Veblenovskaya "dichotomy of industry and business" was continued in the analysis of the gap between Mitchell dynamics of industrial production and prices. For the price mechanism Mitchell wanted to see not mechanical laws of supply and demand, and the conflicting motives of the people involved getting and spending of money. "... The most important thing to understand about the money, it is - the mechanism of the money economy, that is, the social role of a highly organized group of financial institutions and how they have evolved since the Middle Ages, became quasi-independent and have the opposite effect on the activity and the minds of their creators "(12) 's first work -" The history of green tickets "," Gold, prices, and wages in the dollar standard. "next problem, which went down in the range of his scientific interests, was the problem of the economic cycle. ("Business Cycles" - it contains detailed data on the movement of business cycles in the period 1850-1925 gg.). Has been a staunch supporter of the exchange theory. The writings on the history of the cycle he tried to explain this phenomenon, based primarily on the phenomena of the circulation (prices, stock prices) and not production.to a certain extent can be assessed as a leader in the areas of empirical institutionalism. Over the years, he and his team is about a thousand time series of the various peoples of economic indicators. Based on extrapolation of these series was supposed to predict the economic situation. Thus arose the famous Harvard barometer, which initially gave very accurate results, but during the "Great Depression" of 1929-33. fiasco, predicting prosperity before the economic meltdown.shared the idea of ​​the need to strengthen institutionalism social control over the economy. In 1923, he proposed the creation of a system of state unemployment insurance, which was then considered unacceptable attack on freedom of enterprise. One of the first he demanded the indicative planning of the US economy.entered Sombart prefer the concept of "economic conditions," the notion of "business cycle." S192...
