Sherman The Business Cycle

Growth and Crisis under Capitalism
Course Book
ISBN: 978-1-4008-6204-7
Verlag: De Gruyter
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 470 Seiten

Reihe: Princeton Legacy Library

Are the recurring recessions of the capitalist world merely short-term adjustments to changing economic circumstances in a system that tends, in general, toward equilibrium? In this accessible study of the business cycle, Howard Sherman makes a powerful case that recessions and painful involuntary unemployment are endogenous to capitalism. Drawing especially on the work of Wesley Clair Mitchell, Karl Marx, and John M. Keynes, Sherman explains why the nature of the business cycle produces serious economic loss and misery during its contraction phase, just as it produces growth in its expansion phase.

Originally published in 1991.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Autoren/Hrsg.

Sherman, Howard J.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Mikroökonomie

Inhaltsverzeichnis

FrontMatter, pg. i
Contents, pg. vii
List of Figures, pg. xv
List of Tables, pg. xix
Preface, pg. xxi
CHAPTER 1. The Waste of the Business Cycle, pg. 3
CHAPTER 2. Measuring the Business Cycle, pg. 7
CHAPTER 3. History of the Business Cycle, pg. 23
CHAPTER 4. Endogenous and Exogenous Cycle Theories, pg. 50
CHAPTER 5. Consumption, pg. 83
CHAPTER 6. Investment: The Profit Hypothesis, pg. 110
CHAPTER 7. The Multiplier-Accelerator Model, pg. 138
CHAPTER 8. Income Distribution: The Utilization-Unemployment Hypothesis, pg. 157
CHAPTER 9. Demand-Side Theories: The Underconsumption Hypothesis, pg. 191
CHAPTER 10. Cost of Plant, Equipment, and Raw Materials, pg. 208
CHAPTER 11. Overinvestment and Reserve Army Theories of the Business Cycle: A Walk on the Supply Side, pg. 215
CHAPTER 12. Profits and Profit Rates, pg. 232
CHAPTER 13. Profit Squeeze (or Nutcracker) Theory of the Cycle: A Production-Realization Hypothesis, pg. 248
CHAPTER 14. Credit and Financial Crises, pg. 269
CHAPTER 15. Monopoly Power and Business Cycles, pg. 295
CHAPTER 16. The International Economy and Business Cycles, pg. 317
CHAPTER 17. Government Fiscal Behavior and the Business Cycle, pg. 339
CHAPTER 18. Can Reform Policies Lessen the Business Cycle under Capitalism?, pg. 363
CHAPTER 19. Can the Business Cycle Be Eliminated?, pg. 386
Appendixes, pg. 393
References, pg. 417
Index, pg. 433