The Business Cycle (eBook)

Growth and Crisis under Capitalism

Howard J. Sherman (Autor)

eBook Download: PDF

2014
470 Seiten
Princeton University Press (Verlag)
978-1-4008-6204-7 (ISBN)

Infos

Are the recurring recessions of the capitalist world merely short-term adjustments to changing economic circumstances in a system that tends, in general, toward equilibrium? In this accessible study of the business cycle, Howard Sherman makes a powerful case that recessions and painful involuntary unemployment are endogenous to capitalism. Drawing especially on the work of Wesley Clair Mitchell, Karl Marx, and John M. Keynes, Sherman explains why the nature of the business cycle produces serious economic loss and misery during its contraction phase, just as it produces growth in its expansion phase.Originally published in 1991.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Produkt-Details

• Erscheint lt. Verlag: 14.7.2014
• Reihe/Serie: Princeton Legacy Library
• Reihe/Serie: Princeton Legacy Library
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Wirtschaft
• Schlagworte: Accelerator effect • aggregate demand • Arthur Laffer • autarky • Bank Rate • Budget • Business Cycle • capacity utilization • Capital asset • Capitalism • Central Bank • Commercial and industrial loan • Concentration ratio • consumer • Consumer goods • Consumer spending • Consumption (Economics) • Corruption • Cost-plus contract • Credit (finance) • demand • Democracy • Depreciation • Deregulation • Determinant • Economic Growth • Economics • economy • Economy of the United States • Employment • Financial Crisis • Fiscal Policy • Forecasting • Foreign trade of the United States • For Marx • Full employment • George Gilder • Governance • Gun Control • Household • Household debt • income • income distribution • Inflation • Initial Claims • Interest Rate • International Trade • Investment • Involuntary unemployment • John Maynard Keynes • Keynesian Economics • labour law • linear regression • Long run and short run • Mass production • Measures of national income and output • Median income • Medium of exchange • Monetarism • Monetarist Theory • Monetary base • monetary policy • Monetary Theory • Money Supply • Monopolization • mortgage loan • motor vehicle • Multiplier-accelerator model • Neoclassical Economics • Net investment • OPEC • Organic composition of capital • Paul Sweezy • Productivity • profit motive • Psychology • rate of profit • Rational Expectations • raw material • Real versus nominal value (economics) • real wages • Recession • saving • Say's Law • Self-Sufficiency • shortage • Stagflation • state capitalism • Strike action • Supply (economics) • supply-side economics • Symptom • Terminology • Textbook • Thomas Robert Malthus • Trader (finance) • underconsumption • Unemployment • wage • Wage share
• ISBN-10: 1-4008-6204-3 / 1400862043
• ISBN-13: 978-1-4008-6204-7 / 9781400862047