Written by one of the foremost experts on the business cycle, this
is a compelling and engaging explanation of how and why the
economic downturn of 2007 became the Great Recession of 2008 and
2009. Author Howard Sherman explores the root causes of the cycle
of boom and bust of the economy, focusing on the 2008 financial
crisis and the Great Recession of 2008-2009. He makes a powerful
argument that recessions and the resulting painful involuntary
unemployment are inherent in capitalism itself. Sherman clearly
illustrates the mechanisms of business cycles, and he provides a
thoughtful alternative that would rein in their destructive
effects.
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