Unlock the real reasons behind economic slumps and how to spark a recovery.
This nonfiction work argues that hard times come not from a lack of goods, but from a mismatch between production capacity and what people can or will buy. It suggests the key to brighter days is boosting the demand for products, not blaming individuals or markets alone. Using historical examples from Europe and the United States, the book examines periods of depression and the factors that either dampen or revive activity. It challenges common economic explanations and offers a framework for understanding cycles of boom and bust in plain, accessible language.
- See how production capacity and consumer demand interact to shape trade and employment
- Learn why not all shortages mirror a lack of goods, but sometimes a surplus of supply relative to demand
- Explore historical episodes that illuminate why recoveries rise or stall
- Discover practical ideas for recognizing and encouraging conditions that boost spending and investment
Ideal for readers of economic history, political economy, and anyone curious about what truly drives business cycles.
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Excerpt from The Cause of Hard Times
The Arguments by which the Economists have supported their Position stated, and their Validity doubted.
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Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book offers a unique perspective on the causes of economic downturns. The author argues that these downturns are not due to a lack of demand, but rather an overabundance of the machinery and tools of production. The author also argues that this surplus is caused by excessive saving and a desire for income-producing investments, rather than spending for immediate needs. This results in a situation where there is not enough demand to keep the machines and workers employed, leading to economic downturns. The book presents a powerful and thought-provoking analysis, challenging conventional economic thought and offering a unique solution to the problem of economic downturns. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330417607_0
Quantity: Over 20 available
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330417607
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330417607
Quantity: 15 available
Seller: Buchpark, Trebbin, Germany
Condition: Hervorragend. Zustand: Hervorragend | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. Seller Inventory # 25797983/1