0
ISBN
9781118179185
Genre
Algemeen
Verschenen
21-11-2011
Bindwijze
Ebook EPUB
Taal
Engels
Uitgever
Wiley
Auteur(s)
Richard C. Koo
The Holy Grail of Macroeconomics
Lessons from Japan's Great Recession
Richard C. Koo
In winkelmandje
Leesfragment
€24,99
The
revised
edition
of
this
highly
acclaimed
work
presents
crucial
lessons
from
Japan's
recession
that
could
aid
the
US
and
other
economies
as
they
struggle
to
recover
from
the
current
financial
crisis.This
book
is
about
Japan's
15-year
long
recession
and
how
it
affected
current
theoretical
thinking
about
its
causes
and
cures.
It
has
a
detailed
explanation
on
what
happened
to
Japan,
but
the
discoveries
made
are
so
far-reaching
that
a
large
portion
of
economics
literature
will
have
to
be
modified
to
accommodate
another
half
to
the
macroeconomic
spectrum
of
possibilities
that
conventional
theorists
have
overlooked.The
author
developed
the
idea
of
yin
and
yang
business
cycles
where
the
conventional
world
of
profit
maximization
is
the
yang
and
the
world
of
balance
sheet
recession,
where
companies
are
minimizing
debt,
is
the
yin.
Once
so
divided,
many
varied
theories
developed
in
macro
economics
since
the
1930s
can
be
nicely
categorized
into
a
single
comprehensive
theory-
The
Holy
Grail
of
Macro Economics
<
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