July 16, 2004
News & Opinion: Beating the Business Cycle - The History
Our research group represents the third generation of business cycles researchers. My mentor was Geoffrey H. Moore whom the Wall Street Journal called the father of leading indicators. He headed up the second generation of research, building on the work of his mentors, Wesley Mitchell and Arthur Burns, who founded the National Bureau of Economic Research in the 1920s. Dr. Moore, who passed away in 2000, felt it was very important for our research to be independent from any special interest. That is why, after directing the NBER, serving as the commissioner of labor statistics in D.C., and housing our research at Columbia University, he decided it time for us stand alone, and that is the ECRI that we have today. All funding for our research is provided by subscribers, half of which are bulls, the other half bears.