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

Book Details

Format Hardback or Cased Book
ISBN-10 113886062X
ISBN-13 9781138860629
Publisher Taylor & Francis Ltd
Imprint Routledge
Country of Manufacture GB
Country of Publication GB
Publication Date Mar 23rd, 2015
Print length 238 Pages
Weight 506 grams
Dimensions 24.20 x 40.00 x 2.00 cms
Ksh 27,700.00
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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.

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.


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