Prosperity or Depression

April 2009 New and Changed Entries include the following:

 

338.542           Business cycles

 

Including prosperity, recession, depression, recovery; panics

 

Class remedial and preventive measures in 338.543. Class comprehensive economic works on a specific period of prosperity or depression with the economic conditions of the specific time or place in 330.9, e.g., worldwide depression in 1930s 330.9043, economic prosperity in Germany, 1949–1962 330.9430875

 

The new note marked with underlining is intended to remind us all that the economics of a specific period of prosperity or depression should be classed with economic conditions of the specific time or place in a subdivision of 330.9 Economic situation and conditions.  For example, The Asian Financial Crisis: Crisis, Reform, and Recovery is classed in 330.950429 Economic conditions in Asia, 1990–1999 (built with 330.9 Economic situation and conditions plus T2—5 Asia plus 0 plus notation 429 from 950.429 History of Asia, 1990–1999, following instructions under 330.93–330.99 Treatment by specific continents, countries, localities).

 

Broader works about a specific period of prosperity or depression—not just economics but also the life and civilization of the time—are classed in history.  For example, Hard Times: An Oral History of the Great Depression is classed in 973.9160922 Collective biography of United States, 1929–1933 (built with 973.916 Administration of Herbert Clark Hoover, 1929–1933 plus T1—0922 Collected persons treatment).  The choice of historical period follows the first-of-two rule, since the Great Depression continued into 973.917 Administration of Franklin Delano Roosevelt, 1933–1945.

 

The earlier blog about recessions was unclear and may have been misleading—sorry!  Works classed in 338.542 Business cycles should emphasize general and recurring economic processes, not economic conditions in a specific time or place.   An example of a work classed in 338.542 Business cycles is Manias, Panics, and Crashes: A History of Financial Crises.  The including note at 338.542 makes clear that works focusing on only a part of the business cycle—in this case crises—do not approximate the whole; thus no further addition is possible.

Comments

[Anxiety-Remedy]

I enjoyed your post. Great links as well. Keep up the good works.