Description
Book SynopsisTrade ReviewOne of Choice's Outstanding Academic Titles for 1991 "This excellent book offers a comprehensive empirical analysis of the business cycle... [Sherman's] approach is a welcome complement to the heretofore excessively abstract modeling of the business cycle in recent years."--Choice
Table of Contents*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
