All we can thus far say about the duration of the units of [the business cycle] and each of [its] two phases is that it will depend on the nature of the particular innovations that carry a cycle,... and the financial conditions and habits prevailing in the business community in each case.
![All we can thus far say about the duration of the units of [the business cycle] and each of [its] two phases is that it will depend on the nature of the particular innovations that carry a cycle,... and the financial](http://cdn.quoteddaily.com/images/joseph-a-schumpeter/all-we-can-thus-far-say-about-the-duration-of-the-units-of-the-business-cycle-and-each-of-its.jpg)