A Century of Research on Property Cycles — A Review of Research on Major and Auxiliary Business Cycles

Executive Summary

A comprehensive academic literature review covering 100 years of property cycle research (early 20th century through 2010). Published September 2010 on ResearchGate. Maps the academic landscape of property cycle theory, citing Homer Hoyt’s foundational Chicago work (1933), Fred Harrison’s empirical UK work, Fred Foldvary’s theoretical synthesis, and Mason Gaffney’s Georgist framework. Serves as a secondary source that validates and contextualizes the Harrison/Anderson/Foldvary tradition within mainstream academic economics.

Significance

• Useful as academic validation: demonstrates the cycle thesis has a 100-year scholarly lineage, not just PSE subscriber material
• Maps the citation landscape connecting Hoyt → Harrison → Foldvary → contemporary researchers
• Provides the “auxiliary cycles” framing: distinguishes the 18-year major property cycle from shorter business cycles
• Accessible via ResearchGate; full text may require institutional access

Cross-References

• homer-hoyt · fred-harrison · fred-foldvary · mason-gaffney
• 18-6-year-real-estate-cycle · hoyt-chicago-land-cycle
• 2026-05-03-hoyt-cyclical-fluctuations-1947 · 2026-05-03-foldvary-depression-of-2008