The Great Depression of 1990 / by Ravi Batra

Batra, Raveendra N.

ISBN 10: 0939352036 / ISBN 13: 9780939352036

Published by Venus Books (1985), Dallas [TX], 1985

About this Item

21x13cm, xv,176 pp., With a leaflet titled "Dr. Ravi Batra and the Thoughts of P.R. Sarkar" loosely inserted. Contents: Sarkar's Law of Social Cycle; The Long-Run Cycle of Money Growth inthe United States; The Long-Run Cycle of Inflation in the United States; The Long-Run Cycle of Regulation in the United States; Concentration of Wealth & Depressions; The Great Depression of 1990-96; Strategy for Investment; How Can We Prevent Another Depression? Minor rubbing. Some light cover stains. VG.

Seller Inventory # 026506

Bibliographic Details

• Title: The Great Depression of 1990 / by Ravi Batra
• Publisher: Venus Books (1985), Dallas [TX]
• Publication Date: 1985
• ISBN 10: 0939352036
• ISBN 13: 9780939352036
• Binding: orig. wrappers
• Seller catalogs:
  • Economic Forecasting

About this title

Synopsis

Book by Batra, Raveendra N

From Publishers Weekly

Southern Methodist University economics professor Batra bases his prediction of a "great depression" around 1990 on a pattern of 30- and 60-year recession-depression cycles in the U.S. dating back to the 1780s. He cites factors leading to the stock market crash of 1929 that also are present today: intense concentration of wealth, a depressed farm economy, heavy speculation, bank vulnerability, protectionist trade sentiment and fiscal corruption. The author relates all this to a theory of India's social scientist Prabhat Sarkar who divides human experience into ages of "laborers, warriors, intellectuals and acquisitors," the latter with their "merger mania" being dominant today. Batra's defensive formula for weathering the next slump includes such steps as converting one's assets (home and all) into cash, which, if widely followed, could bring on recession all the sooner. He does, however, propose a tax plan, admittedly unlikely to be adopted, which could puncture the Federal deficit and make a true depression virtually impossible.
Copyright 1987 Reed Business Information, Inc.