Recessions and Depressions: Understanding Business Cycles
• Covers the research, theory, and history of recessions and depressions in a single volume• Communicates in a nontechnical narrative that is accessible to both students and general readers• Focuses on the role of financial markets in creating macroeconomic instability• Analyzes the 2008 international financial crisis in great detail, examining its causes, its impact in the United States and elsewhere, and the policies that have been enacted to deal with it• Includes case studies on major economic downturns in the 20th century, from the Great Depression to the 2008 financial crisis• Presents 40 tables and 20 graphs of business cycle data• Offers a bibliography of current and historical business cycle research"This book is a timely contribution to the ongoing debate about the causes of the current global recession. . . . Recommended. Upper-division undergraduate and graduate students, researchers, faculty, and professionals."-Choice"College-level business libraries need this."-Midwest Book Review