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24 Beau d M., (1981) Histoire du Capitalisme : Editions du Seuil , pp Berr y B. J. L., (1991) Long-Wave Rythms in Economic Development and Political Behavior :The Johns Hopkins University Press Burn s A. F. and W. Mitchell, (1946) Measuring Business Cycles : National Bureau of Economic Research. 4 Galb raith J. K., (1955) The Great Crash 1929 : Hough Mifflin Company. 1988, p.258.) 5 Hilg erdt F., (1945) Industrialization and Foreign Trade : Series of League of Nations., Keyn es, J. M., (1923) A Tract on Monetary Reform : Macmillan , p Kind leberger C. P., (1973) The World in Depression : University of California Press , p Madd ison, A., (1995) Monitoring the World Economy : OECD Mand el E., (1980) Long Wave of Cpitalist Development : Cambridge University Press., Mitchell, W. C., (1927) Business Cycles : The Problem and Its Setting : NBER, p Mitc hell, B. ed., (1998) International Historical Statistics : Macmillan Reference Ltd Moore, G. H., (1958) Measuring Recessions, Occasional Paper 61 : NBER. 13, ed. (1961) Business Cycles Indicators,Vol. : Princeton University Press

25 The Doshisha University Economic Review Vol.57 No.3 Abstract Shoji TAHARA, Three Great Depressions in the World on Business Cycle History This paper examines the following phases of three great depressions in the world on business cycle history: the periodicity of business cycle seen from a historical point of view and differences in price variation between the prewar deflationary depression and the postwar inflationary depression. In addition, the forms and characteristics of three world major depressions depression in Europe and America, the Great Depression, and the Heisei depression are analyzed with a comment that a great depression consists of the plural number of regression and is caused by the outbreak and breakdown of bubble economy, an occurrence which has been seen at intervals of several decades.

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