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Recession and Its Aftermath: Adjustments in the United States, Australia, and the Emerging Asia
Nmp . Ed(S): Verma
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Description for Recession and Its Aftermath: Adjustments in the United States, Australia, and the Emerging Asia
paperback. A highly relevant contribution in the context of current economic travails, this volume includes an analysis of the current banking and financial crisis and features fresh contributions on the general topic of recession and its control in a range of polities. Editor(s): Verma, NMP. Num Pages: 288 pages, 40 black & white tables, biography. BIC Classification: KCB; KCBM. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 15. Weight in Grams: 444.
Market failure at medium intervals is inevitable in a capitalist economy. Such failures may not be seriously seen in the short run because market adjusts demand through hoarding of inventory or import of required goods and services. The market also adjusts demand in the long run through expansion of concerned industrial output and also by the entry of new firms. The crucial variable is price which also adjusts the commodity and the labor market. The problem comes when there are issues of overproduction, over capacity utilization of plants, over liquidation and excess supply of money, change in demand because of ... Read more
Market failure at medium intervals is inevitable in a capitalist economy. Such failures may not be seriously seen in the short run because market adjusts demand through hoarding of inventory or import of required goods and services. The market also adjusts demand in the long run through expansion of concerned industrial output and also by the entry of new firms. The crucial variable is price which also adjusts the commodity and the labor market. The problem comes when there are issues of overproduction, over capacity utilization of plants, over liquidation and excess supply of money, change in demand because of ... Read more
Product Details
Format
Paperback
Publication date
2014
Publisher
Springer India
Number of pages
288
Condition
New
Number of Pages
268
Place of Publication
New Delhi, India
ISBN
9788132217213
SKU
V9788132217213
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Nmp . Ed(S): Verma
N.M.P. Verma is a senior Professor of Economics at Babasaheb Bhimrao Ambedkar University, Lucknow, India. He has a very long teaching and research career. He has specialized in the area of macro, industry, and development economics. He has authored many books and extensively contributed papers in professional peer reviewed journals of national and international repute. He is also on ... Read more
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