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The American Business Cycle (Paperback, New edition)
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The American Business Cycle (Paperback, New edition)
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Total price: R2,878
Discovery Miles: 28 780
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In recent decades the American economy has experienced the worst
peace-time inflation in its history and the highest unemployment
rate since the Great Depression. These circumstances have prompted
renewed interest in the concept of business cycles, which Joseph
Schumpeter suggested are like the beat of the heart, of the essence
of the organism that displays them. In The American Business Cycle,
some of the most prominent macroeconomics in the United States
focuses on the questions, To what extent are business cycles
propelled by external shocks? How have post-1946 cycles differed
from earlier cycles? And, what are the major factors that
contribute to business cycles? They extend their investigation in
some areas as far back as 1875 to afford a deeper understanding of
both economic history and the most recent economic fluctuations.
Seven papers address specific aspects of economic activity:
consumption, investment, inventory change, fiscal policy, monetary
behavior, open economy, and the labor market. Five papers focus on
aggregate economic activity. In a number of cases, the papers
present findings that challenge widely accepted models and
assumptions. In addition to its substantive findings, The American
Business Cycle includes an appendix containing both the first
published history of the NBER business-cycle dating chronology and
many previously unpublished historical data series.
General
Imprint: |
University of Chicago Press
|
Country of origin: |
United States |
Release date: |
1990 |
First published: |
1990 |
Authors: |
Robert J Gordon
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Dimensions: |
229 x 156 x 54mm (L x W x T) |
Format: |
Paperback
|
Pages: |
882 |
Edition: |
New edition |
ISBN-13: |
978-0-226-30453-3 |
Categories: |
Books >
Business & Economics >
Economics >
Microeconomics >
General
|
LSN: |
0-226-30453-1 |
Barcode: |
9780226304533 |
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