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This book offers an examination of the empirical data of business cycles, the theories that economists have developed to explain them, and major case studies of recessions and depressions both in the United States and internationally.
· 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
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About the Author:
The worldwide financial crisis of 2008 was an all-too-real reminder that there is no such thing as a "recession-proof" economy, and that severe economic downturns can have devastating human consequences. It is also a reminder that, despite over two centuries of debate, there is still no universally accepted explanation for what makes business cycles turn the way they do.
Todd A. Knoop is professor of economics and business at Cornell College, Mount Vernon, IA.
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- PublisherPraeger
- Publication date2009
- ISBN 10 0313381631
- ISBN 13 9780313381638
- BindingHardcover
- Edition number2
- Number of pages300
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Recessions and Depressions: Understanding Business Cycles
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Bloomsbury Academic
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ISBN 13: 9780313381638
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