American business cycles 1945-50
著者
書誌事項
American business cycles 1945-50
（Routledge library editions, . Economic history ; 123 . North America）
Routledge, 2006
- : set
- : subset
- : hbk
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注記
Reprint. Originally published: New York : Praeger, 1969
Includes bibliographical references and index
内容説明・目次
- 巻冊次
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: set ISBN 9780415286190
内容説明
Available as a 159-volume set, as thematic mini-sets or as single volumes, Routledge Library Editions: Economic History reprints some of the most important works on economic history published in the last century.
For further information on this collection please email info.research@routledge.co.uk.
- 巻冊次
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: subset ISBN 9780415379748
内容説明
First published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.
- 巻冊次
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: hbk ISBN 9780415380034
内容説明
After the end of the Second World War businessmen and economists throughout the world feared that the American postwar inflationary boom would end in a serious slump. The slump took a long time to come, and when it did appear in 1949 it was both mild and short lived. In its mildness and brevity it foreshadowed the American business recessions since that time and, indeed, may foreshadow the end of the business cycle as it has been known in the past. This book presents the first full-scale study of the 1948-49 recession in the United States, making it the focal point of a detailed, analytical account of American business fluctuations from the end of the Second World War until the beginning of the Korean War. The main part of the book is prefaced by a review of fluctuations from 1945 to 1967 and of the business cycle theory, which places the postwar events in perspective. Of special importance are the studies of the ending, in early 1948, of the period of re-stocking and re-equipment; of the impact of the changed farm situation in this deflationary atmosphere, and use of modern consumption theory to explain the changes in household spending after the war and during the recession.
Dr. Blyth has drawn extensively upon the results of modern economic research, and has woven the econometric findings and the historical narrative together with a theoretical analysis. He conclusively rejects the theory that recent U.S. business cycles are the result of any largely self-perpetuating fluctuation in investment in stocks. Instead he draws attention to the persistent destabilizing roles of changes in defense expenditure and of changes in monetary policy-inventory investment performs the largely passive role of aggravating these changes.
The book, first published in 1969, will be of value not only to specialists in business cycle studies, but to economists and others concerned with the problems of stability and growth in the international economy, as well as to economic historians.
目次
Contents Preface Note on References, Abbreviations and Statistical Sources and Conventions 1. The American Business Cycle 1945 to 1967 2. Legacies of Depression and War 3. Reconstruction 1945 to 1947 4. Sources of Growth and Changes 1947 to 1950 5. Inflation, Deflation and the Impact of Government 6. Output and Inventory Investment 1947 to 1950 7. A Model of the 1948-49 Recession and Revival Epilogue Notes Bibliographical Note List of References Index
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