Industrial Restructuring, Financial Instability and the Dynamics of the Postwar Us Economy
Language: English
Published by Routledge, 2015
- Hardcover
- Used
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- Title
- Industrial Restructuring, Financial Instability and the Dynamics of the Postwar Us Economy
- Author
- Carrier, David J.
- Publisher
- Routledge
- Publication year
- 2015
- Condition
- As New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 113886062X
- ISBN 13
- 9781138860629
This volume, originally published in 1997, examines the combined effect of financial instability and industrial restructuring on postwar economic growth and recession in the US. It sheds light on the fundamental question of whether or not these trends are positive for the economy as a whole. To explain the cyclical nature of investment and finance, institutional theory regarding financial instability is examined in depth and related to Minsky’s analysis of investment behaviour. The author has created an empirical model of this behaviour which, he claims, accurately predicts historical consumption investment and GDP cycles.
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