Economic Ideas of Wesley Clair Mitchell

The following points highlight the top five economic ideas of Wesley Clair Mitchell. The economic ideas are: 1. Method of Study 2. Institutional Approach 3. Theory of Economic Guidance 4. Economic Welfare and Planning 5. Business Cycle. Economic Idea # 1. Method of Study: Mitchell emphasised the quantitative analysis in economic investigations. Through this quantitative method, he was able to [...]