Title
Recessions And Depressions: Understanding Business Cycles,New
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The Economy Of Any Nation Is An Intricate Web Of Relationships Among The Factors Determining Supply And Demandand Everything That Affects Them, From Inflation To Taxes To The Stock Market. The Study Of Business Cycles Attempts To Explain Why Economies Grow And Contract, Experiencing Periods Of Prosperity And Pain. Consistent With The Popular Conception Of Economics As The Dismal Science, Economists Secretly Long For Recessions (Periods Of Negative Growth) And Depressions (Severe Contractions), Not Because They Enjoy Their Devastating Impact On Human Welfare, But Because These Downturns Serve As Excellent Laboratories For Observing What Happens When Markets Break Down. Despite Over Two Centuries Of Debate, No One Has Yet Definitively Unlocked The Secrets Of Economic Downturns And How They Might Be Prevented.In Recessions And Depressions Todd Knoop Traces The Evolution Of Business Cycle Theory, From The Classical Model, Which Preceded The Great Depression, Through The Groundbreaking Ideas Of John Maynard Keynes, Milton Friedman, And Their Followers. He Examines The Strengths And Limitations Of Each Approach, In Terms Of Explaining The Impact Of Such Factors As Government Policy, Money Supply, Labor Productivity, And Wages. In The Process, He Presents An Accessible Introduction To What Makes The Economy Tick, And Offers New Insights Into Understanding Such Historic Events As The Great Depression, As Well As More Recent Ones, Such As The Asian Meltdown In The 1990S, The Financial Crises In Latin America, And The U.S. Recession Of 2001, From Which The United States Is Still Recovering. Knoop Reminds Us That Economists Track Record In Forecasting Business Cycles Leaves Much To Be Desired, And The Quest To Fully Understand What Causes Economic Downturnsand Their Effects On Individuals And Familiescontinues.
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We provide a 2-year limited warranty, from the date of purchase for all our products.
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This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main topic of 'Recessions and Depressions: Understanding Business Cycles'? A: The book explores the intricacies of business cycles, explaining how economies experience growth and contraction, and the factors influencing these fluctuations.
- Q: Who is the author of this book? A: The author of 'Recessions and Depressions' is Todd A. Knoop.
- Q: When was 'Recessions and Depressions' published? A: The book was published on July 30, 2004.
- Q: What is the binding type of this book? A: The book is available in hardcover binding.
- Q: How many pages does 'Recessions and Depressions' have? A: The book contains 312 pages.
- Q: What are some key economic theories discussed in the book? A: The book discusses various economic theories, including those by John Maynard Keynes and Milton Friedman, and examines their strengths and limitations.
- Q: Is this book suitable for someone new to economics? A: Yes, the book provides an accessible introduction to economic concepts, making it suitable for readers unfamiliar with the subject.
- Q: What historical events does the book analyze? A: The book analyzes significant historical events, including the Great Depression and the financial crises in Latin America and the U.S. recession of 2001.
- Q: What condition is the book in? A: The book is listed as being in 'Very Good' condition.
- Q: What category does this book fall under? A: The book falls under the category of Macroeconomics.