Description
Book Synopsis: This book offers an examination of the empirical data of business cycles, the theories that economists have developed to explain them, and major case studies of recessions and depressions both in the United States and internationally.
When it first appeared in 2004, the first edition of Recessions and Depressions: Understanding Business Cycles offered readers an expertly guided tour through fundamental business cycle theories and the latest research on pivotal market failures. In the aftermath of the events of the 2008 economic crisis, Knoop offers an extensively updated new edition.
As before, the second edition offers clear explanations of classical and Keynesian economic theory and how each has moved in and out of favor from the early 20th century to the present. It then provides detailed studies of major business-cycle downturns in the United States, from the Great Depression and postwar recessions to the "new" economy of the 1990s, the 2001 recession, and in an all-new chapter, the 2008 global financial crisis. The book also features an exhaustive update of statistical data, plus coverage of recent international crises in Argentina and Japan, and a new chapter on what we do and don't know about business cycles.
Details
Gain a deep understanding of the rollercoaster nature of the economy and equip yourself with the knowledge to navigate through recessions and depressions. Introducing Recessions and Depressions: Understanding Business Cycles, your indispensable guide to comprehending the twists and turns of the market.
Written by acclaimed economist John Knoop, this extensively updated second edition provides a comprehensive analysis of classical and Keynesian economic theories, shedding light on their historical significance and contemporary relevance. This book is your key to unlocking a wealth of insights into fundamental business cycle theories and pivotal market failures.
What sets this edition apart is its thorough exploration of significant business-cycle downturns. From the Great Depression to the 2008 global financial crisis, Knoop delves deep into the causes, consequences, and lessons learned from these economic crises. Additionally, you'll discover in-depth case studies of recessions and depressions from both the United States and around the world, including recent international crises in Argentina and Japan.
With its exhaustive update of statistical data, Recessions and Depressions: Understanding Business Cycles arms you with the latest information needed to make informed decisions in an ever-changing economic landscape. Knowledge is power, and this book is your roadmap to understanding business cycles like never before.
If you're ready to gain a competitive edge in the business world and fortify your economic acumen, don't miss out on this invaluable resource. Take the first step towards mastering business cycles by ordering your copy of Recessions and Depressions: Understanding Business Cycles today!
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