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Business Cycles Since 1820 - New International Perspectives from Historical Evidence (Hardcover, illustrated edition)
Loot Price: R3,409
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Business Cycles Since 1820 - New International Perspectives from Historical Evidence (Hardcover, illustrated edition)
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This book makes an important contribution at the forefront of
business cycle theory. The contributors evaluate historical
evidence, present new empirical results and suggest that the
explanation of business cycle phenomena may, in part, depend on the
way in which historical data is interpreted.This innovative book
places great emphasis on the complementarity between empirical and
theoretical business cycle research. The authors present studies of
business cycles concentrating on the Great Depression of the 1930s,
early and late nineteenth century American economic history, the
United Kingdom before 1914, interwar Germany and Japan, and Canada
and the United States during the Gold Standard era. A number of
contributions address the Phillips curve and labour markets, and
provide illustrations of the use of both macro and micro data. An
important finding is the contribution to business cycle research
made by hitherto untouched sources of historical labour market
microdata. The book demonstrates the importance of the
reconstruction of well researched data to our conception and
understanding of business cycle phenomena. This book will be useful
reading for academics and students of macroeconomics and economic
history, with an interest in understanding business cycles.
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