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Statistical Reporter
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Recession Prevention Handbook
The United States has endured eleven recessions since the end of WORLD War II, including the recession of 2007-2009. This book focuses on the performance of the economy and the actions taken during the expansion period before the onset of each recession. Its goal is to help prevent or at least lessen the severity of possible future recessions. Well-known economics writer Norman Frumkin analyzes each of the eleven contemporary recessions to determine: What weaknesses appeared in the economy during the twelve months preceding the onset of the recession? What were economic forecasters predicting? What economic policy actions were taken by the Federal Reserve, the president, and Congress? Incorporating extensive real-time data, Frumkin points to persistent failures over the past sixty years by the Federal Reserve and the president to forecast or to acknowledge the possibility of future recessions. Based on these findings, he concludes with a range of policy recommendations for avoiding or ameliorating future recessions.
Monthly Labor Review
Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.
The U.S. National Income and Product Accounts
The main topics treated in this conference volume are problems of deflation and quality change, the adequacy of the data used to construct the U.S. national accounts, and the broad theoretical evolution of the U.S. national income and product accounts. As these topics suggest, this volume represents a new stage in the study of national income and product accounts in that emphasis is placed on the information content of the system rather than on the structure of the accounts. This new emphasis is highlighted by the inclusion of a discussion among prominent users of the national accounts—Lawrence Klein, Otto Eckstein, Alan Greenspan, and Arthur Okun—that indicates the difficulties that confront those who utilize this information.
Energy and the Politics of the North Atlantic
Since the onset of the Second Industrial Revolution in the second half of the nineteenth century, energy has become a key axis of politics and international relations, particularly for the United States and Western Europe. In Energy and the Politics of the North Atlantic, George A. Gonzalez documents how the United States—thanks to its copious reserves of oil, coal, and natural gas—was able to assume a dominant position in the world system by the 1920s. This energy/economic imbalance was an important causal factor underlying the eruption of World War II. After 1945, and in the context of the Cold War with communism, the United States used its access to both fossil fuels and nuclear power as a means to defeat the Soviet Union and its allies. Driving American foreign policy, Gonzalez argues, is a domestic system of urban sprawl based on the automobile and the energy reserves necessary to maintain it. The massive consumer demand created by urban sprawl underpins US foreign policy in the Middle East, while concerns over access to energy drive the European Union project.
