| Description |
1 online resource (302 pages) |
| Contents |
Cover; Half Title; Title Page; Copyright Page; Dedication; Original Title Page; Table of Contents; 1. The American Business Cycle, 1945 to 1967; Reconstruction Cycle 1945-50; Korean Cycle 1950-54; Peaceful Cycle 1955-58; Disappointing Cycle 1959-61; The Expansion Since 1961; The Theory of U.S. Fluctuations; Regular and Irregular Factors in Private Spending; Government Expenditures and Fiscal and Monetary Policy; 2. Legacies of Depression and War; The Depression of the 1930s; War; The End of the War; The Sources of Household Demand; The Sources of Business Demand |
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3. Reconstruction, 1945 to 1947Inflation; Personal Income and Consumer Expenditures; Investment; The Return to Equilibrium; 4. Sources of Growth and Change, 1947 to 1950; Household Spending; A Model of Onsumption Expenditures; Business Fixed Investment; Housing; The Farm Situation; Trade and the Balance of Payments; 5. Inflation, Deflation and the Impact of Government; Government Expenditures and Receipts; Monetary and Credit Policies; The Total Impact; Prices and Wages; 6. Output and Inventory Investment, 1947 to 1950; Durable Goods; Nondurable Goods; Employment |
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7. A Model of the 1948-49 Recession and RevivalSectors of a Simplified Model; The Equilibrium Output Model; The Downturn; The Upturn; Epilogue; Note; A GNP in 1945 and 1946 at 1958 Prices; B Recent Theories of Consumption; C Consumption Expenditures and Savings During the War; D Demand for Automobiles and Housing at the End of the War; E The Stock of Business Plant and Equipment; F Inventory Investment in Durable and Nondurable Goods, 1945 and 1946; G A Quarterly Consumption Function, 1948-50; H The Automobile Market, 1945-50; I Determinants of Quarterly Business Fixed Investment |
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J Short Run Determinants of Housing StartsK Foreign Trade Elasticities; Bibliographical Note; List of References; Subject Index |
| Summary |
After the end of the Second World War businessmen and economists throughout the world feared that the American postwar inflationary boom would end in a serious slump. The slump took a long time to come, and when it did appear in 1949 it was both mild and short lived. In its mildness and brevity it foreshadowed the American business recessions since that time and, indeed, may foreshadow the end of the business cycle as it has been known in the past. This book presents the first full-scale study of the 1948-49 recession in the United States, making it the focal point of a detailed, analytical |
| Notes |
Print version record |
| Subject |
Business cycles -- United States
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BUSINESS & ECONOMICS -- Industries -- General.
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Business cycles
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Economic history
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| SUBJECT |
United States -- Economic conditions -- 1945-
http://id.loc.gov/authorities/subjects/sh85140024
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| Subject |
United States
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| Form |
Electronic book
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| ISBN |
9781136598197 |
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1136598197 |
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