Home
About Us
Company Profile
Careers
Directions
Search By...
Subject
Series
Author
New Releases
Upcoming Titles
Catalog PDFs
Reviews
Awards
Top Sellers
News & Events
Author Experts
In the News
Book Exhibits
Author Events
Contact Us
Author Page
Submit a Book Proposal
Ordering Information
Sales & Customer Service
Textbook Examination & Desk Copy Requests
Permissions Requests
Paperback & Foreign Language Rights
Shopping Cart
Mailing List
Help
My Account
Wish List
Quick Search
Advanced Search
Print
-
Close Window
www.greenwood.com/catalog/C8162.aspx
Browse Subjects
Electronic Products
Electronic Products home
American Mosaic
Daily Life Online
Pop Culture Universe
Praeger Security International online
The Reader's Advisor Online
Ebooks
ARBAonline
Authors4Teens
Children's Magazine Guide Online
Index to Current Urban Documents
Greenwood Press
Greenwood Press home
High School Reference
Advanced Placement
College Reference
Public Library Reference
Praeger
Praeger home
ACE/Praeger Series on Higher Education
Praeger Perspectives
Praeger Handbooks
Journal of Accounting, Auditing, and Finance
Praeger Security International
PSI home
Praeger Security International online
Books
Libraries Unlimited
LU.com home
The Reader's Advisor Online
ARBAonline
Children's Magazine Guide Online
Crinkles Magazine
School Library Media Activities Monthly
Teacher Ideas Press
Greenwood World Publishing
International
International home
Greenwood World Publishing
All Greenwood Products
Home
»
Catalog
» Recessions and Depressions
Book flyer
MS Word
International
MS Word
Recessions and Depressions
Understanding Business Cycles
Todd A. Knoop
ISBN:
0-275-98162-2
ISBN-13:
978-0-275-98162-4
DOI:
DOI:10.1336/0275981622
312 pages
Praeger Publishers
Publication:
7/30/2004
List Price:
$55.00
(
UK Sterling Price: £37.95
)
Availability:
In Stock
Media Type:
Hardcover
Also Available:
Paperback
Ebook
Trim Size:
6 1/8 x 9 1/4
Subjects:
Economics
»
Macroeconomics
Economics
»
Economic Theory
Description:
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.
Table of Contents:
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
About the Author:
TODD A. KNOOP is Associate Professor of Economics and Business at Cornell College, where his primary research and teaching interests include macroeconomic theory, tax reform, and monetary policy. He has published many articles in such journals as
Economic Inquiry
and the
Southern Economic Journal
.
LCC Class:
338
New Release
Macho Man
Reviews
Web 2.0 and Beyond
Top Seller
Richard B. Cheney and the Rise of the Imperial Vice Presidency
All rights reserved. Copyright © 1999-
2009
ABC-CLIO
130 Cremona Dr., Santa Barbara, CA 93117 805-968-1911