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Other Political Science

Crises and Business Cycles

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Articles 1 - 5 of 5

Full-Text Articles in Political Science

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.


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.