Boom and Bust
Description
The nation's cycles of economic booms and busts were considered intrinsically capitalistic by Joseph Schumpeter who called them "methodic economic growth," and by Karl Marx who lambasted capitalism as inherently flawed. John Maynard Keynes held that recessions depended on the balance of aggregate demand and aggregate supply. Economist Hyman Minsky provided a promising explanation for the Great Recession of the 21st Century with his theory that the financial system plays a determining role in economic cycles.
Runtime
28 min 38 sec
Series
Subjects
Geography
Database
Films on Demand
Direct Link
Similar Films
Matt Faso Expresses Surprise At How The Same Job Can Dramatically Change Over Time
Passion to Portfolio. Episode 7
Vanessa Morse Discusses Issues With Low Emotional Intelligence
Nomads. Steppe Riders in Kyrgyzstan
Steve Shapiro Discusses Angels And VCs
Maria Pacheco Discusses Cornell Experience And Background
The 51st state. America's working poor
Jim Turley Discussion Decisions That Impact Women
The Future of Energy
Greg Galvin Discusses Challenge of Firing Employees
John Hui Discusses Sales Pipeline
Capitalism. Karl Polanyi, the human factor. Part 6
Caitlin Strandberg States Making Lists And Holding Self Accountable Can Help Control Inner Critic
All About Economics and Business 1
The New Italian Job