Business Cycle Economics: Understanding Recessions and Depressions from Boom to Bust - Hardcover

"There is much to like about this latest book by Knoop (Cornell College, Iowa). It is probably the most comprehensive, thorough, and balanced treatment of a topic that has been hotly debated in the discipline since William Stanley Jevons proposed the sunspot theory in the 1880s. The author delivers on his promise to write a non-technical narrative that is accessible to non-specialist readers. . . . This book will stir students' curiosity and encourage their research. Summing Up: Highly recommended. Upper-division undergraduates through researchers and faculty." - Choice

Presents the empirical data of business cycles and the theories that economists have developed to explain and prevent them, and considers case studies of recessions and depressions in the United States and internationally. * Features four primary forecasting techniques and assesses the effectiveness of these methods in forecasting actual business cycles * Examines the reasons behind the lessening frequency of recessions in postwar America * Makes the subject of economic crises timely and relevant by addressing the recent global financial crisis and the European debt crisis * Reveals how the collapse of the housing market led to a credit crunch and a global economic slowdown