US Business Cycles 1954–2020
Book •
John T. Harvey examines U.S.
economic fluctuations from 1954 through 2020 using a theoretical framework rooted largely in Keynesian economics.
The book challenges mainstream models that assume markets naturally return to full employment and treats unemployment as a systemic feature of capitalism.
Harvey connects historical recessions to government policy, private investment, resource constraints, and broader institutional conditions.
It also discusses policy responses, including approaches associated with a Green New Deal and full employment.
Its central argument is that the economy’s problems are economically solvable, while political power and capitalist institutions obstruct effective solutions.
economic fluctuations from 1954 through 2020 using a theoretical framework rooted largely in Keynesian economics.
The book challenges mainstream models that assume markets naturally return to full employment and treats unemployment as a systemic feature of capitalism.
Harvey connects historical recessions to government policy, private investment, resource constraints, and broader institutional conditions.
It also discusses policy responses, including approaches associated with a Green New Deal and full employment.
Its central argument is that the economy’s problems are economically solvable, while political power and capitalist institutions obstruct effective solutions.
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Steve Grumbine
John T. Harvey
Ep 396 - Recession by Design: Who Pays for the Business Cycle? with John T. Harvey
