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Business Cycles: History, Theory And Investment Reality.

Business Cycles: History, Theory And Investment Reality.

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  • ISBN:9780470018064
  • Editorial: Wiley & Sons Ltd.
  • Fecha de la edición:
  • Número de la edición: 3
  • Encuadernación:
  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:500
  • Idiomas:Ingles,Inglés

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Lars Tvede's story moves back in time to the Scottish gambler and financial genius, John Law, and then on the distracted Adam Smith, the stockbroker Ricardo, the investment banker Thornton, the extrovert Schumpeter, the speculator Jay Gould and many others. Gradually we reach the computer jugglers of the modern day who, with giant networks of equations, try to solve the same questions that have attracted the attention of classical economists throughout the centuries. Throughout this volume, business cycle theories are used to explain actual events. We are told how theoretical thinking has reflected the economist's own experiences of hyper-inflations, depressions, speculation orgies, liquidity squeezes and - most recently - the Internet crash. The reader can follow the narrative to discover how economists often thought that problems had been solved until new date changed the economic picture once again. The new edition of "Business Cycles" will be updated and revised and will combine theoretical knowledge to show readers how to analyse an economic scenario and make practical decisions based thereon.

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