This article makes the point that business practitioners' forecasting of the business cycle was ahead of business cycle theorizing for many years. Theorists of the 1930s and 1940s were not yet ready to incorporate into their theories the business forecasting methods that had become widespread...

Business cycles have historically been an important topic for behaviorally orientedeconomists. The concept of an economic and financial cycle based on interlocking mechanismsleading from the recession to the boom was developed in the 18th and 19th century. The earlybehavioral economics of the...