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The cycles of the economy

Debunking Economics - the podcast

CHAPTER

Understanding Economic Cycles

This chapter explores the cyclical nature of the economy, highlighting the interplay between consumer confidence, investment, and employment. It critiques traditional economic theories, emphasizing the importance of income distribution and endogenous factors in understanding business cycles. The discussion also addresses the impact of commodities like oil on economic fluctuations and challenges the reliance on simplified metrics like GDP.

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