The "however" obviously refers to prior context. I don't think it's that great a sentence. " Someone has apparently made a comparison of business cycles to certain other types of cycles, implying perhaps that they have a life of their own and cannot be avoided; and your author objects to this.
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Anonymous "If there are such cycles, however, they are irrelevant" or "These varying cycles may exist but they are irrelevant".Yes, I'm sure this is exactly what your author is trying to say. But I don't think that's what he has written.
Anonymous "If there are such cycles, however, they are irrelevant" or "These varying cycles may