Long Waves in Building in the British Economy of the Nineteenth Century: A Comment
The evidence recently adduced by E. W. Cooney I to suggest that there were no long waves in building activity in Britain before c. I 870 and that consequently the origin of the inverse movements between Britain and the United States must be found in the course of events around that date seems in fact, when manipulated in a slightly different fashion, to provide little if any support for both these hypotheses. His own graph (Figure i), indeed, suggests inverse