F Lavington Ma (5 results)

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000.

HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condition: New. Print on Demand. This book offers a concise introduction to the causes of trade cycles, the patterns of peaks and troughs that have occurred throughout economic history. The author draws upon the work of theorists such as Marshall and Pigou, as well as his own extensive archival research, to illuminate these cyclical trends. The author argues these cycles are not driven by external events, but rather by changes in business confidence and the price level. Positive feedback loops, such as price growth outpacing wage growth, encourage periods of expansion, which in turn lead to a loss of confidence, triggering recession. The author concludes that understanding these cycles is essential to mitigating their negative effects and ensuring continued prosperity. 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.…