Wesley Mitchell

Wesley Mitchell was an influential American economist and a key figure in the development of business cycle theory in the early 20th century. He co-founded the National Bureau of Economic Research (NBER) in 1920, which focuses on studying economic data and cycles. Mitchell's work emphasized the importance of empirical research and understanding economic fluctuations, leading to the idea that economies go through predictable cycles of growth and contraction. His contributions helped shape modern economic analysis and the way policymakers approach economic challenges.