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Recessions and Depressions : Understanding Business Cycles by Todd A. Knoop...
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Ubicado en: Phoenix, Arizona, Estados Unidos
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N.º de artículo de eBay:315020920904
Características del artículo
- Estado
- Level
- Business
- ISBN
- 9780275981624
Acerca de este producto
Product Identifiers
Publisher
ABC-Clio, LLC
ISBN-10
0275981622
ISBN-13
9780275981624
eBay Product ID (ePID)
127370999
Product Key Features
Number of Pages
312 Pages
Publication Name
Recessions and Depressions : Understanding Business Cycles
Language
English
Publication Year
2004
Subject
General, Economics / General, Forecasting
Type
Textbook
Subject Area
Business & Economics
Format
Hardcover
Dimensions
Item Weight
22.6 Oz
Item Length
9.5 in
Item Width
6.5 in
Additional Product Features
Intended Audience
College Audience
LCCN
2004-049569
Reviews
"[K]noop's discussion of the problems of macroeconomic forecasting, whether through the use of leading economic indicators, market indicators, or econometric models, is highly informative and insightful....[t]his book should be accessible to students, and they will gain a good deal of information about, and a fair understanding of, business cycles from reading it." EH.NET, "Knoop admirably achieves his stated objective of producing a teaching text. The result is simultaneously an informative, readable, balanced, and worthwhile work that will be an appealing primary or ancillary text for advanced macro classes or seminars. Highly recommended. Informed general readers; upper-division undergraduates through professionals."- Choice, "Knoop admirably achieves his stated objective of producing a teaching text. The result is simultaneously an informative, readable, balanced, and worthwhile work that will be an appealing primary or ancillary text for advanced macro classes or seminars. Highly recommended. Informed general readers; upper-division undergraduates through professionals." Choice, "[K]noop's discussion of the problems of macroeconomic forecasting, whether through the use of leading economic indicators, market indicators, or econometric models, is highly informative and insightful....[t]his book should be accessible to students, and they will gain a good deal of information about, and a fair understanding of, business cycles from reading it."- EH.NET
Dewey Edition
22
Number of Volumes
1 vol.
Illustrated
Yes
Dewey Decimal
338.5/42
Table Of Content
Figures Tables Preface The Facts of Business Cycles Why Study Business Cycles? Describing Business Cycles The Macroeconomic Theory of Business Cycles and Forecasting Early Business Cycle Theories Keynes' and Keynesian Theory The Monetarist Model The Rational Expectations Model Real Business Cycle Models New Keynesian Models Macroeconomic Forecasting Business Cycles in the United States The Great Depression Postwar Business Cycles in the U.S. A "New Economy" in the U.S.' Modern International Recessions and Depressions The East Asian Crisis Argentina and the Role of the International Monetary Fund The Great Recession in Japan Conclusions: What We Know and Do Not Know about Business Cycles Appendix: Brief Comparison of Major Business Cycle Theories Glossary Bibliography Index
Synopsis
The economy of any nation is an intricate web of relationships among the factors determining supply and demand--and everything that affects them, from inflation to taxes to the stock market. The study of business cycles attempts to explain why economies grow and contract, experiencing periods of prosperity and pain. Consistent with the popular conception of economics as the dismal science, economists secretly long for recessions (periods of negative growth) and depressions (severe contractions), not because they enjoy their devastating impact on human welfare, but because these downturns serve as excellent laboratories for observing what happens when markets break down. Despite over two centuries of debate, no one has yet definitively unlocked the secrets of economic downturns and how they might be prevented. In Recessions and Depressions Todd Knoop traces the evolution of business cycle theory, from the classical model, which preceded the Great Depression, through the ground-breaking ideas of John Maynard Keynes, Milton Friedman, and their followers. He examines the strengths and limitations of each approach, in terms of explaining the impact of such factors as government policy, money supply, labor productivity, and wages. In the process, he presents an accessible introduction to what makes the economy tick, and offers new insights into understanding such historic events as the Great Depression, as well as more recent ones, such as the Asian meltdown in the 1990s, the financial crises in Latin America, and the U.S. recession of 2001, from which the United States is still recovering. Knoop reminds us that economists' track record in forecasting business cycles leaves much to be desired, and the quest to fully understand what causes economic downturns--and their effects on individuals and families--continues.
LC Classification Number
HB3711
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