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Regular Economic Cycles

Batra, Ravi

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ISBN 10: 0312032609 / ISBN 13: 9780312032609
Published by New York: St. Martin's, 1985
Condition: Very good+ Hardcover
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Bibliographic Details

Title: Regular Economic Cycles

Publisher: New York: St. Martin's

Publication Date: 1985

Binding: Hardcover

Book Condition:Very good+

Dust Jacket Condition: Dust Jacket Included

Edition: First Edition.

About this title


Seeks to explain inflation and depression by the theory of regular cycles

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.

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