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International - The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession

Description

Book Synopsis: The revised edition of this highly acclaimed work presents crucial lessons from Japan's recession that could aid the US and other economies as they struggle to recover from the current financial crisis. This book is about Japan's 15-year long recession and how it affected current theoretical thinking about its causes and cures. It has a detailed explanation on what happened to Japan, but the discoveries made are so far-reaching that a large portion of economics literature will have to be modified to accommodate another half to the macroeconomic spectrum of possibilities that conventional theorists have overlooked.The author developed the idea of yin and yang business cycles where the conventional world of profit maximization is the yang and the world of balance sheet recession, where companies are minimizing debt, is the yin. Once so divided, many varied theories developed in macro economics since the 1930s can be nicely categorized into a single comprehensive theory- The Holy Grail of Macro Economics Read more

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Introducing "The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession" - a groundbreaking book that provides invaluable insights from Japan's 15-year long recession. If you're seeking a comprehensive understanding of the causes and cures behind economic downturns, this is the resource you cannot afford to miss.

While the world grapples with the current financial crisis, this revised edition offers crucial lessons that can pave the way towards recovery. By examining how Japan's recession impacted theoretical thinking, it unveils far-reaching discoveries that conventional economists have previously overlooked.

One of the author's most significant contributions is the concept of yin and yang business cycles - a groundbreaking framework that sheds light on both profit maximization and debt minimization. By embracing this paradigm shift, you'll gain a deeper understanding of macroeconomic theories developed since the 1930s, neatly categorized into a single all-encompassing theory.

Are you ready to unlock the secrets of the past to shape a brighter future? Don't miss out on this transformative resource. Order your copy of "The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession" today and embark on a journey towards economic enlightenment.

Order now and transform your understanding of macroeconomics.

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