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Edward Russel Dewey was an economist and founder of the Foundation for the Study of Cycles (FSC). He stumbled upon what would become his passion, the study of cycles, in the early 1930s. He was Chief Economic Analyst for the Department of Commerce and carried out an assignment from President Herbert Hoover to identify the causes of the Great Depression.
“Scientific endeavour is approaching a major change in its understandings and, before too long, it will overtly recognise that what goes up must also come down—as Dewey intuited many years ago.” —Tony Plummer, Forecasting Financial Markets