Henry Schultz

And then the cycle starts right over.

This theory was developed in the 1930s by several economists, including Nicholas Kaldor, Henry Schultz, Jan Tinbergen, and Mordecai Ezekiel.

It gets its name from the way movements in supply and prices look like a cobweb when plotted on a graph.

And it's pretty apt in the context of onions or any other agricultural crop because there's a real time lag between the planting decision and the harvest reaching the market.