Recession

RECESSION

The Real Reasons Economies Shrink and What to Do About It

Authors: TYLER GOODSPEED

'A brilliant analysis of economic expansions and recessions over several centuries and countries - essential reading.' MERVYN KING 

FROM A TOP GLOBAL ECONOMIST, THE REAL EXPLANATION FOR WHY RECESSIONS START, HOW LONG THEY LAST AND  WE AVOID THEM.

In this groundbreaking new analysis of economic contractions over the last four centuries, economics expert Tyler Goodspeed rewrites what we know about recessions. Using evidence from over three hundred and twenty-five years and three hundred datasets, this book busts the myth that recessions are the consequence of the preceding expansion. Contrary to popular perception, they are not the bust that always follows an unsustainable boom, and neither do they clear out economic deadwood. Recession are caused by shocks such as war and energy price spikes, and far from unleashing gales of creative destruction, economies typically resume the same trends as before - recession is all pain, no gain. 

While recessions have become less frequent, decisions made by business and governments can prolong the pain. Radically reframing our economic thinking, Recession offers an essential guide to spikes, shocks and the world to come. 

Authors: TYLER GOODSPEED

Publisher: Basic Books UK