Business cycles are a type of fluctuation found in the aggregate activity of nations that organize their work mainly in business enterprises: a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions, contractions, and revivals which merge into the expansion phase of the next cycle; this sequence of changes is recurrent but not periodic; in duration business cycles vary from more than one year to ten or twelve years; they are not divisible into shorter cycles of similar character with amplitudes approximating their own.
Arthur F. BurnsRelated topics
aggregate business character cycle divisible duration expansion found fluctuation general merge next occurring sequence ten twelve work year yearsRelated quotes
I didn't like the music business and I didn't like me. There's an element of falseness about the whole thing. Even things like doing an interview. It's not as though we just met in the pub and are having a chat - it's part of a process. If you do it all day, every day for years, you end up thinking: 'Who the hell am I?' I was lucky enough to make some money, enough to let me kick back. It was a great experience and it was nice to have a couple of No.1s but the best thing about it was that the money I made allowed me to have freedom and choice in my life.
Rick Astley
I am grateful for what I am & have. My thanksgiving is perpetual. It is surprising how contented one can be with nothing definite - only a sense of existence. Well, anything for variety. I am ready to try this for the next 1000 years, & exhaust it. How sweet to think of! My extremities well charred, and my intellectual part too, so that there is no danger of worm or rot for a long while. My breath is sweet to me. O how I laugh when I think of my vague indefinite riches. No run on my bank can drain it - for my wealth is not possession but enjoyment.
Henry David Thoreau
Generally speaking, an Indian university must regard itself as one of the living organs of national reconstruction. It must discover the best means of blending together both the spiritual and the material aspects of life. It must equip its alumni irrespective of caste, creed or sex, with individual fitness, not for its own sake, not for merely adorning varied occupations and professions, but in order to teach them how to merge their individuality in the common cause of advancing the progress and prosperity of their motherland and upholding the highest traditions of human civilisation.
Syama Prasad Mookerjee
There are things about organized religion which I resent. Christ is revered as the Prince of Peace, but more blood has been shed in His name than any other figure in history. You show me one step forward in the name of religion and I'll show you a hundred retrogressions. Remember, they were men of God who destroyed the educational treasures at Alexandria, who perpetrated the Inquisition in Spain, who burned the witches at Salem. Over 25,000 organized religions flourish on this planet, but the followers of each think all the others are miserably misguided and probably evil as well.
Frank Sinatra
What is a charitable heart? It is a heart which is burning with love for the whole creation, for men, for the birds, for the beasts ... for all creatures. He who has such a heart cannot see or call to mind a creature without his eyes being filled with tears by reason of the immense compassion which seizes his heart; a heart which is softened and can no longer bear to see or learn from others of any suffering, even the smallest pain being inflicted upon a creature. That is why such a man never ceases to pray for the animals ... [He is] ... moved by the infinite pity which reigns in the hearts of those who are becoming united with God.
Isaac the Syrian