{"product_id":"recession-the-real-reasons-economies-shrink-and-what-to-do-about-it-hardcover","title":"Recession: The Real Reasons Economies Shrink and What to Do about It - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eTyler Beck Goodspeed\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom a top economist, the real explanation for why recessions start, how long they last, and how to avoid them in the first place \u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e \"It is rare that a work of economic history is truly revolutionary. Goodspeed's \u003ci\u003eRecession \u003c\/i\u003eis such a book.\" ―Niall Ferguson, author of \u003ci\u003eThe Ascent of Money\u003c\/i\u003e \u003cp\u003e\u003c\/p\u003e What causes a recession? Do recessions end on their own, or do they require external intervention? Does a recession in one country mean the rest of the world will follow? Are we in a recession now? \u003cp\u003e\u003c\/p\u003e Economic expert Tyler Goodspeed answers these questions and many more in \u003ci\u003eRecession\u003c\/i\u003e, a groundbreaking new analysis of economic contractions over the last four centuries. Combining the historian's extensive primary source material and the economist's arsenal of statistical analysis, this book rewrites what we know about recessions. Contrary to popular perception, recessions are not the inevitable bust that follows an unsustainable boom, and they do not operate like wildfires that clear out economic deadwood. Recessions are caused by adverse shocks like war and energy price spikes; and far from unleashing gales of creative destruction, post-recession economic growth typically resumes the same trend as before--all pain, no gain. While recessions have become less frequent over time, decisions made by businesses and governments can prolong recessions, and Goodspeed offers guidance to avoid making recessions worse. Issuing an important corrective to economic thinking, \u003ci\u003eRecession\u003c\/i\u003e is essential reading for high-level policymakers and armchair economists alike. \u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eTyler Goodspeed\u003c\/b\u003e is the chief economist of ExxonMobil. Previously, he chaired the White House Council of Economic Advisers. He holds a doctorate in economics from the University of Cambridge and a doctorate in history from Harvard University, and he has held faculty appointments at Stanford and Oxford. The author of three previous books on economics, he lives in Texas. \u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 320\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e March 31, 2026\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":45585003085868,"sku":"9781541704947","price":30.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0618\/6260\/8940\/files\/cW9tzdczY_9781541704947.webp?v=1780260616","url":"https:\/\/littleredgeneralstore.com\/products\/recession-the-real-reasons-economies-shrink-and-what-to-do-about-it-hardcover","provider":"Little Red General Store","version":"1.0","type":"link"}