A Re-examination of the Sunspot-
نویسنده
چکیده
The economic activity in arid/semiarid areas of the western United States would seem to be much more influenced by weather than humid/semi humid areas since they are located marginally closer to major drought conditions at any moment in time. This paper reexamines the original “sunspot” theory of business cycles of William Stanley Jevons, the contributions of his son H. S. Jevons, and the further extensions made by H.L. Moore. These individuals sought a causal link between meteorological conditions and economic activity through agricultural production. The authors of this paper present an analysis of the development of these theories.
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