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The global great recession

E. Ray Canterbery

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Abstract

Canterbery's latest literary work provides a definitive account of the Great Recession of 2007-2010. It presents an output-employment framework for evaluating the Great Recession. A chapter on the Great Depression provides a basis for comparison while outlining the institutions still intact that moderated that downturn. Finally, the aftermath of the recession is accounted for. In 2003 John Kenneth Galbraith, who knew both Michal Kalecki and John Maynard Keynes, called Canterbery, "the best"

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What this paper is about

Canterbery's latest literary work provides a definitive account of the Great Recession of 2007-2010. It presents an output-employment framework for evaluating the Great Recession. A chapter on the Great Depression provides a basis for comparison while outlining the institutions still intact that moderated that downturn. Finally, the aftermath of the recession is accounted for. In 2003 John Kenneth Galbraith, who knew both Michal Kalecki and John Maynard Keynes, called Canterbery, "the best"

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Available abstract

Canterbery's latest literary work provides a definitive account of the Great Recession of 2007-2010. It presents an output-employment framework for evaluating the Great Recession. A chapter on the Great Depression provides a basis for comparison while outlining the institutions still intact that moderated that downturn. Finally, the aftermath of the recession is accounted for. In 2003 John Kenneth Galbraith, who knew both Michal Kalecki and John Maynard Keynes, called Canterbery, "the best"

Key concepts: Great Depression, Recession, Stimulus (psychology), Global recession, Financial crisis, Monetary policy, Economics, Great recession

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