The theory suggests that hemlines on women's dresses rise along with stock prices. In good economies, we get such results as miniskirts (as seen in the 1960s), or in poor economic times, as shown by the 1929 Wall Street Crash, hems can drop almost overnight. Recent (non-peer reviewed) research confirms the correlation.
- Tamar Lewin, The hemline index, updated, International Herald Tribune, October 19, 2008
- See also Henrietta Prast "Fashionomics", Wilmott Magazine, June 2005, who cites Paul Nystrom in his 1928 monograph, The Economics of Fashion as the source of the theory.
- Claire Brayford, "The Hemline Economy", Daily Express, February 13, 2008
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