Recessions and Depressions by Todd A. Knoop
Understanding Business Cycles

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When it first appeared in 2004, the first edition of Recessions and Depressions: Understanding Business Cycles offered readers an expertly guided tour through fundamental business cycle theories and the latest research on pivotal market failures. In the aftermath of the events of the 2008 economic crisis, Knoop offers an extensively updated new edition.

As before, the second edition offers clear explanations of classical and Keynesian economic theory and how each has moved in and out of favor from the early 20th century to the present. It then provides detailed studies of major business-cycle downturns in the United States, from the Great Depression and postwar recessions to the "new" economy of the 1990s, the 2001 recession, and in an all-new chapter, the 2008 global financial crisis. The book also features an exhaustive update of statistical data, plus coverage of recent international crises in Argentina and Japan, and a new chapter on what we do and don't know about business cycles.


About Todd A. Knoop

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TODD A. KNOOP is Associate Professor of Economics and Business at Cornell College, where his primary research and teaching interests include macroeconomic theory, tax reform, and monetary policy. He has published many articles in such journals as Economic Inquiry and the Southern Economic Journal.
Published November 25, 2009 by Praeger. 280 pages
Genres: Business & Economics. Non-fiction

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