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Articles 1 - 11 of 11

Full-Text Articles in Macroeconomics

Principles Of Macroeconomics: Activist Vs. Austerity Policies, Howard Sherman, Mike Meeropol Mar 2013

Principles Of Macroeconomics: Activist Vs. Austerity Policies, Howard Sherman, Mike Meeropol

HOWARD J SHERMAN

This is an economics textbook comparing Neoclassical economic theories with Progressive economic theories, written in extremely accessible prose.


Dynamics Of The Current Crisis, Howard Sherman, Mike Meeropol Apr 2012

Dynamics Of The Current Crisis, Howard Sherman, Mike Meeropol

HOWARD J SHERMAN

Sometimes, it is useful to take a step back and remind ourselves why recessions occur and why recoveries usually follow shortly thereafter. Having done that, we can try to understand the causes of far more serious recessions and what must be done to recover. The authors point out how such severe recessions, including the Great Recession of 2007 to 2009, differ profoundly from most others


Dialogue Between Friedman And Keynes, Howard J. Sherman Dec 2011

Dialogue Between Friedman And Keynes, Howard J. Sherman

HOWARD J SHERMAN

This is an imaginary dialogue between Milton Friedman, the greatest conservative economist of the 20th century, and John Maynard Keynes, the greatest liberal economist of the 20th century.


Business Cycle Program, Howard J. Sherman Dec 2010

Business Cycle Program, Howard J. Sherman

HOWARD J SHERMAN

No abstract provided.


Business Cycle Program B, Howard J. Sherman Dec 2010

Business Cycle Program B, Howard J. Sherman

HOWARD J SHERMAN

Readers who wish to see how the business cycle calculations for this book were done, as well as how to create their own spreadsheet and graphs, can use the attached program. You need only paste the series into the appropriate date on the spreadsheet.

  • The users need only paste their data at the first quarter 1970.
  • The “cycle base” is the average of a variable over the whole cycle.
  • The “original data” are your series, divided into nine stages of the cycle. Stage 1 is the initial trough, stages 2, 3, and 4 are the expansion; stage 5 is the ...


Business Cycle Program C, Howard J. Sherman Dec 2010

Business Cycle Program C, Howard J. Sherman

HOWARD J SHERMAN

This spreadsheet shows exactly the same program as Program B, but it is filled in to show the behavior of Gross Domestic Product. Readers who wish to see how the business cycle calculations for this book were done, as well as how to create their own spreadsheet and graphs, can use the attached program. You need only paste the series into the appropriate date on the spreadsheet.

  • The users need only paste their data at the first quarter 1970.
  • The “cycle base” is the average of a variable over the whole cycle.
  • The “original data” are your series, divided into ...


Toward A Progressive Macroeconomic Explanation, Howard J. Sherman Jun 2010

Toward A Progressive Macroeconomic Explanation, Howard J. Sherman

HOWARD J SHERMAN

No abstract provided.


The Roller Coaster Economy: Financial Crisis, Great Recession, And The Public Option, Howard J. Sherman Dec 2009

The Roller Coaster Economy: Financial Crisis, Great Recession, And The Public Option, Howard J. Sherman

HOWARD J SHERMAN

This is an explanation of how and why the economic downturn of 2007 became the Great Recession of 2008 and 2009. Author Howard Sherman explores the root causes of the cycle of boom and bust of the economy, focusing on the 2008 financial crisis and the Great Recession of 2007-2009. He makes an argument that recessions and the resulting painful involuntary unemployment are inherent in capitalism itself. Sherman clearly illustrates the mechanisms of business cycles, and he provides a thoughtful alternative that would rein in their destructive effects.


Institutions And The Business Cycle, Howard J. Sherman Aug 2003

Institutions And The Business Cycle, Howard J. Sherman

HOWARD J SHERMAN

Feudal European political-economic institutions included a self-sufficient manor with very little market exchange, barter rather than money, and production motivated only by the need of the manor rather than a profit. All of these institutions meant that a business cycle was impossible, though there were many other problems. Capitalist institutions include production only for market exchange, a monetary economy, and production motivated only by profit. All of these institutions make possible the business cycle--since a contraction may occur if there is insufficient monetary demand to buy the supply at a price including a profit.


The Business Cycle Theory Of Wesley Mitchell, Howard J. Sherman Feb 2001

The Business Cycle Theory Of Wesley Mitchell, Howard J. Sherman

HOWARD J SHERMAN

This article explains the cycle method and theory of Mitchell.


The Business Cycle: Growth And Crisis In Capitalism, Howard Sherman Dec 1990

The Business Cycle: Growth And Crisis In Capitalism, Howard Sherman

HOWARD J SHERMAN

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.