Recession: The Real Reasons Economies Shrink and What to Do About It

From a top economist, the real explanation for why recessions start, how long they last, and how to avoid them in the first place

“It is rare that a work of economic history is truly revolutionary. Goodspeed’s Recession is such a book.” ―Niall Ferguson, author of The Ascent of Money

What causes a recession? Do recessions end on their own, or do they require external intervention? Does a recession in one country mean the rest of the world will follow? Are we in a recession now?

Economic expe...