The Business Cycle: Growth and Crisis Under Capitalism

by Howard J. Sherman

Book Overview

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...

• Format: Hardcover
• Language: English
• ISBN: 0691042624
• ISBN13: 9780691042626
• Release Date: January 1991
• Publisher: Princeton University Press
• Length: 478 Pages
• Weight: 1.85 lbs.
• Dimensions: 1.4" x 6.5" x 9.6"