Todd A. Knoop - Böcker

This book offers an examination of the empirical data of business cycles, the theories that economists have developed to explain them, and major case studies of recessions and depressions both in the United States and internationally.When it first appeared in 2004, the first edition of Recessions and Depressions: Understanding Business Cycles offered readers an expertly guided tour through fundamental business cycle theories and the latest research on pivotal market failures. In the aftermath of the events of the 2008 economic crisis, Knoop offers an extensively updated new edition.As before, the second edition offers clear explanations of classical and Keynesian economic theory and how each has moved in and out of favor from the early 20th century to the present. It then provides detailed studies of major business-cycle downturns in the United States, from the Great Depression and postwar recessions to the "new" economy of the 1990s, the 2001 recession, and in an all-new chapter, the 2008 global financial crisis. The book also features an exhaustive update of statistical data, plus coverage of recent international crises in Argentina and Japan, and a new chapter on what we do and don't know about business cycles.

This thoroughly revised second edition explores the growing sense of economic dissatisfaction, political polarization and social conflict across the world and the role that economic inequality is playing in this great dismantling. It incorporates research on how these imbalances affect societal systems in ways that not only contribute to less equitable outcomes, but also decrease economic growth and increase geopolitical unrest.Todd A. Knoop examines how capitalism’s ability to sustain economic growth is its essential superpower, while its inability to share greater access to this achievement is its downfall. The book includes new chapters on the impact of COVID-19 on economic inequality, the unique economics of artificial intelligence and new data on how economic inequality is changing across countries. Knoop presents a fresh look at a wide range of policy options that governments can use to reduce economic disparities and looks ahead to future trends in inequality, recognizing that inequality is not inevitable and that ultimately it is a political choice.Understanding Economic Inequality is a crucial resource for scholars and students of political economy, economics and finance, sociology, and politics. It is also a beneficial read for policymakers and practitioners in dealing with the preeminent challenge of our time.

Modern Financial Macroeconomics takes a non-technical approach in examining the role that financial markets and institutions play in shaping outcomes in the modern macro economy. Reviews historical and contemporary macroeconomic theoryExamines governmental influence on moderating (or exacerbating) economic fluctuationsDiscusses both empirical and theoretical links between financial systems and economic performance, as well as case studies detailing the role of finance in specific business cycle episodes

Modern Financial Macroeconomics takes a non-technical approach in examining the role that financial markets and institutions play in shaping outcomes in the modern macro economy. Reviews historical and contemporary macroeconomic theoryExamines governmental influence on moderating (or exacerbating) economic fluctuationsDiscusses both empirical and theoretical links between financial systems and economic performance, as well as case studies detailing the role of finance in specific business cycle episodes

Presents the empirical data of business cycles and the theories that economists have developed to explain and prevent them, and considers case studies of recessions and depressions in the United States and internationally.Despite more than two centuries of debate, a definitive explanation of the causes of economic cycles still does not exist. Economists, politicians, and policymakers have argued many well-known theories as to why these peaks and slumps occur, and cyclical recessions and depressions continue in spite of the enormous intellectual reserves working to prevent them. This timely analysis presents a comprehensive overview of global economics, assessing older theories alongside of new ways of thinking to reveal the empirical methods needed to evaluate, forecast, and prevent future crises.Educator and economist Todd Knoop provides explanations of influential macroeconomic theories that have shaped modern economics, such as Keynesian economics, Neoclassical economics, Austrian economics, and New Keynesian economics. In addition, he considers case studies of specific recessions and depressions, beginning with the Great Depression through the East Asian crisis and Great Recession in Japan and culminating with a detailed examination of the European debt crisis and the 2008 global financial crisis. The work concludes with a look at the insights gained from these fiscal events as well as the major questions that still remain unanswered as a result of these crises.

This fascinating book introduces travelers—of the body or the mind—to a few simple economic concepts that will help them to think differently and more deeply about the differences between the people and the places they visit during their journeys.The principles and mechanics of economics are firmly rooted in everything around us, in our home country as well as in every nation and culture around the world. Having a basic grasp of economics can help all travelers to think more carefully about why things work differently in different places. Armed with this knowledge, readers will be equipped to better appreciate—and learn from—the beauty and complexity of the world around us.The Traveling Economist: Using Economics to Think about What Makes Us All So Different and the Same illustrates important economic concepts that every traveler and world citizen should understand. Employing clear, jargon-free explanations and illustrated with real-life examples, Knoop uniquely focuses on the interplay between travel and economics. He uses our shared travel experiences to illustrate exactly how economic thinking supplies such a powerful framework for understanding the world around us. More than simply explaining economics through travel experiences, this book enables adventurers who desperately want to avoid being tourists—i.e., people who travel to see what they know is there—to become explorers: those who learn each and every day from what they witness.

This engaging book offers a primer on stocks and bonds, using easy-to-understand language to explain how they function and why they are important. It will be a valuable resource for both economics students and readers interested in investing.Although news outlets provide daily updates on stock market performance, many Americans have little understanding of how stocks and stock exchanges work. Yet stocks, along with government and corporate bonds, represent two key cornerstones of modern economics. While the average American may think of them as simply two types of investments, stocks and bonds have impacts on the economy that go far beyond the realm of personal finance.The latest volume in Greenwood's new Student Guides to Business and Economics series, Stocks and Bonds gives readers an in-depth yet reader-friendly look at these integral components of the U.S. and global economy. It explores the different types of bonds, how stocks and stock exchanges work, and why periodic crashes and crises occur. It explains fundamental concepts such as risk versus return, interest rates, and behavioral economics, using real-world examples to illustrate key points. It also provides practical tried-and-true recommendations for investing in stocks and bonds.