Synopsis
Seeks to explain inflation and depression by the theory of regular cycles
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From Publishers Weekly
Batra, author of the bestselling Great Depression of 1990 , here presents yet more claptrap masquerading as economics, applying Indian guru P. R. Sarkar's metaphysical musings to macroeconomics and predicting that the "world's greatest depression ever" will begin in 1990. Sarkar divides humanity into four classes--laborers, warriors, intellectuals and acquisitors (reminiscent of Hinduism's caste system)--and asserts that history is rigidly determined by cycles of class succession. The U.S., supposedly, is now in the acquisitive stage; Batra claims that a 30-year cycle of monetary growth, inflation and regulation is responsible. He argues that increasing disparities in wealth cause depressions; to reduce the disparities and prevent the depressions, Batra recommends Sarkar's proposals including a confiscatory wealth tax, limitations on income and the size of corporations, and nationalization of a number of industries.
Copyright 1989 Reed Business Information, Inc.
From Library Journal
Don't be deceived by the new title: This is a reissue for the academic market of the original scholarly text Batra self-published in 1985 and which Simon & Schuster later adapted and popularized as The Great Depression of 1990 ( LJ 6/15/87). This has an added one half-page of preface, a retitled chapter, and 16 pages of additional material, most of dubious relevance. This is hilariously out of date; no mention is made, for example, of the stock market crash of 1987. Not recommended.
- Richard Schiming, Mankato State Univ., Minn.
Copyright 1989 Reed Business Information, Inc.
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Regular Economic Cycles
Seller: Works on Paper, DeKalb, IL, U.S.A.
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Hardcover. Condition: Very Good. No Jacket. A very good copy of the hard cover edition, lacking a dust-jacket. Previous owner's name in ink atop front free endpaper, else the text is wholly unmarked, pristine, and the binding bright and fresh in appearance. Colophon statement: "This book is meant for professional economists,and is an expanded version of my earlier book The Great Depression of 1990." A lovely copy. Seller Inventory # 012769
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Regular Economic Cycles
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New York: St. Martin's, 1985
ISBN 10: 0312032609
ISBN 13: 9780312032609
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Seller: K & L KICKIN' BOOKS, Corinth, TX, U.S.A.
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Hardcover. Condition: Very good+. First Edition. Very good+ with slight shelf wea. Seller Inventory # 1605220003