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Heterodox Macroeconomics offers a detailed understanding of the foundations of the recent global financial crisis. The chapters, from a selection of leading academics in the field of heterodox macroeconomics, carry out a synthesis of heterodox ideas that place financial instability, macroeconomic crisis, rising global inequality and a grasp of the perverse and pernicious qualities of global and domestic macroeconomic policy making since 1980 into a coherent perspective. It familiarizes the reader with the emerging unified theory of heterodox macroeconomics and its applications.

Macroeconomics. --- Macroéconomie --- Macroeconomics --- 331.00 --- 331.060 --- 331.31 --- AA / International- internationaal --- Economics --- Economische bewegingen: algemeenheden --- Beïnvloeding van de economische bewegingen: algemeenheden --- Economisch beleid --- Economische bewegingen: algemeenheden.

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Economic growth --- Business cycles --- United States --- AA / International- internationaal --- 331.00 --- -Economic cycles --- Economic fluctuations --- Cycles --- Financial crises --- Economische bewegingen: algemeenheden. --- Congresses --- Conferences - Meetings --- -Economische bewegingen: algemeenheden. --- Economic cycles --- Economische bewegingen: algemeenheden --- United States of America

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International economic relations --- Business cycles --- World history --- anno 1900-1999 --- AA / International- internationaal --- 331.030 --- 331.00 --- Conjunctuurschommelingen: algemeenheden. --- Economische bewegingen: algemeenheden. --- Mathematical models. --- Mathematical models --- Conjunctuurschommelingen: algemeenheden --- Conjunctuur --- Internationale economische betrekkingen --- Wereldgeschiedenis --- Economische bewegingen: algemeenheden

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Business cycles --- Economic history --- Depressions --- Cycles économiques --- Histoire économique --- Crises économiques --- AA / International- internationaal --- 331.030 --- 331.00 --- Conjunctuurschommelingen: algemeenheden. --- Economische bewegingen: algemeenheden. --- Cycles économiques --- Histoire économique --- Crises économiques --- Business cycles. --- Conjunctuurschommelingen: algemeenheden --- Economische bewegingen: algemeenheden

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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 the nature of the business cycle produces serious economic loss and misery during its contraction phase, just as it produces growth in its expansion phase.Originally published in 1991.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Cycles économiques --- Business cycles. --- Capitalism --- Capitalisme --- Business cycles --- 331.00 --- 331.030 --- AA / International- internationaal --- Market economy --- Economics --- Profit --- Capital --- Economic cycles --- Economic fluctuations --- Cycles --- Economische bewegingen: algemeenheden --- Conjunctuurschommelingen: algemeenheden --- Economische bewegingen: algemeenheden. --- Trade cycles --- E-books --- Capitalism.