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Recession: The Real Reasons Economies Shrink And What To Do About It
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From A Top Economist, The Real Explanation For Why Recessions Start, How Long They Last, And How To Avoid Them In The First PlaceIt Is Rare That A Work Of Economic History Is Truly Revolutionary. GoodspeedS Recession Is Such A Book. Niall Ferguson, Author Of The Ascent Of Moneywhat Causes A Recession? Do Recessions End On Their Own, Or Do They Require External Intervention? Does A Recession In One Country Mean The Rest Of The World Will Follow? Are We In A Recession Now?Economic Expert Tyler Goodspeed Answers These Questions And Many More In Recession, A Groundbreaking New Analysis Of Economic Contractions Over The Last Four Centuries. Combining The HistorianS Extensive Primary Source Material And The EconomistS Arsenal Of Statistical Analysis, This Book Rewrites What We Know About Recessions. Contrary To Popular Perception, Recessions Are Not The Inevitable Bust That Follows An Unsustainable Boom, And They Do Not Operate Like Wildfires That Clear Out Economic Deadwood. Recessions Are Caused By Adverse Shocks Like War And Energy Price Spikes; And Far From Unleashing Gales Of Creative Destruction, PostRecession Economic Growth Typically Resumes The Same Trend As BeforeAll Pain, No Gain. While Recessions Have Become Less Frequent Over Time, Decisions Made By Businesses And Governments Can Prolong Recessions, And Goodspeed Offers Guidance To Avoid Making Recessions Worse. Issuing An Important Corrective To Economic Thinking, Recession Is Essential Reading For HighLevel Policymakers And Armchair Economists Alike.
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