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This is a concise and and up-to-date survey of business cycles, discussing not only early theories of the business cycle and Keynesian and monetarist models, but also the rational expectationist and new Keynesian models along with actual business cycles. Hall traces the history of business cycles from the panic of 1907 to the long cyclical expansion beginning in late 1982. ISBN 0-275-93085-8: $39.95.
Author
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Lars Tvede's story moves back in time to the Scottish gambler and financial genius, John Law, and then on to the distracted Adam Smith, the stockbroker Ricardo, the investment banker Thornton, the extrovert Schumpeter, the speculator Jay Gould and many others. Gradually we reach the computer jugglers of the modern day who, with giant networks of equations, try to solve the same questions that have attracted the attention of classical economists through...
Author
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"Every day, in every sector of our economy, a business shuts down while another starts up, jobs are created while others are cut, and workers are hired while others are laid off. This constant flux, or turbulence, is a defining characteristic of our free market system, yet it mostly inspires angst about unemployment, loss of earnings, and the overall competitiveness of corporations. But is this endless cycle of fluctuation really so bad for America?...
Description
Economic and business uncertainty dominate today's economic analyses. This new Encyclopedia illuminates the subject by offering 327 original articles on every major aspect of business cycles, fluctuations, financial crises, recessions, and depressions. The articles cover a broad range of subjects, including capsule biographies of leading economists born before 1920. The Encyclopedia introduces readers to the principal ideas, concepts, facts, and events...
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Description
"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...
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Description
"The history of prices is the history of change," writes David Hackett Fischer in this broad sweep of western history from the middle ages to our own time. His primary sources are price records, which are more abundant for the study of historical change than any other type of quantifiable data. Fischer uses these materials to frame a narrative of price-movements in western history from the eleventh century to the present. He finds that prices tended...
Author
Description
Using the Longitudinal Research Data constructed by the Census Bureau, focuses on the U.S. manufacturing sector from 1972 to 1988 and develops a statistical portrait of the microeconomic adjustments to the many economic events that affect businesses and workers. Describes in detail the relationship between job creation and destruction and employer characteristics, including the relationship of job creation to employer size, industry, wage level, and...
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