American Business Cycles 1945-50

Business & Finance, Economics, Economic History
Cover of the book American Business Cycles 1945-50 by Conrad Blyth, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Conrad Blyth ISBN: 9781136598265
Publisher: Taylor and Francis Publication: November 5, 2013
Imprint: Routledge Language: English
Author: Conrad Blyth
ISBN: 9781136598265
Publisher: Taylor and Francis
Publication: November 5, 2013
Imprint: Routledge
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Taylor and Francis

Cover of the book Inside Gorbachev's Kremlin by Conrad Blyth
Cover of the book Colorblind Racial Profiling by Conrad Blyth
Cover of the book A Sociocognitive Approach to Social Norms by Conrad Blyth
Cover of the book The Crusades and the Near East by Conrad Blyth
Cover of the book Design Strategies in Architecture by Conrad Blyth
Cover of the book Better Than One by Conrad Blyth
Cover of the book Community Forestry in Nepal by Conrad Blyth
Cover of the book Religion, Magic, and the Origins of Science in Early Modern England by Conrad Blyth
Cover of the book Theorizing Tourism by Conrad Blyth
Cover of the book Feminist Perspectives in Medical Family Therapy by Conrad Blyth
Cover of the book Reconstituting Rurality by Conrad Blyth
Cover of the book Teaching Business Education 14-19 by Conrad Blyth
Cover of the book Group Psychotherapy with Addicted Populations by Conrad Blyth
Cover of the book The Routledge Companion to Popular Music History and Heritage by Conrad Blyth
Cover of the book The Subcultural Imagination by Conrad Blyth
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy