Industrial Restructuring, Financial Instability and the Dynamics of the Postwar US Economy (RLE: Business Cycles): 1st Edition (Paperback) book cover

Industrial Restructuring, Financial Instability and the Dynamics of the Postwar US Economy (RLE: Business Cycles)

1st Edition

By David J. Carrier

Routledge

238 pages

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Description

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.

Table of Contents

1. What Did Economists Learn from the Great Depression? 2. How Chaos Killed the Auctioneer 3. Macroeconomic Effects of Industrial Restructuring 4. Consumption Patterns and the Multiplier 5. Finance, Investment and the Business Cycle 6. An Empirical Model of Investment and Finance 7. A Multiplier-Acclerator Simulation Model

About the Series

Routledge Library Editions: Business Cycles

Originally published between 1925 and 1997 the volumes in this set: Discuss the Impacts of Profitability, Business Cycles and the Capital Stock on Productivity; Evaluate various approaches to managing the uncertainty inherent in the future course of the interest rate cycle; Examine the combined effect of financial instability and industrial restructuring on postwar economic growth and recession in the US; Determine what statistical and other information is needed to formulate both the objects and the means of government economic policy; Ask what theoretical tools should be used in order to clarify the issues of economic policy; Examine the sociological aspects of the business cycle.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS022000
BUSINESS & ECONOMICS / Economic Conditions
BUS035000
BUSINESS & ECONOMICS / International / General
BUS069030
BUSINESS & ECONOMICS / Economics / Theory