Great Recession

Explore the profound insights of Robert L. Hetzel in his compelling book, Great Recession, published by Cambridge University Press in 2014. Spanning 400 pages, this paperback delves into the transformative economic landscape shaped by the 2008–9 recession. Hetzel challenges the prevailing models of economic cycles, highlighting the resurgence of credit-cycle theories that echo the thoughts of the nineteenth and early twentieth centuries. He critically examines the 'market-disorder' perspective, which underscores the consequences of excessive risk-taking in financial markets and advocates for the necessity of government regulation. This book is essential for anyone interested in understanding the complexities of business cycles, economic conditions, and monetary policy in both the United Kingdom and the United States. Enhance your knowledge of economic policy and its implications with this enlightening read.