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The revised edition of this highly acclaimed work presents crucial lessons from Japan's recession that could aid the US and other economies as they struggle to recover from the current financial crisis.
This book is about Japan's 15-year long recession and how it affected current theoretical thinking about its causes and cures. It has a detailed explanation on what happened to Japan, but the discoveries made are so far-reaching that a large portion of economics literature will have to be modified to accommodate another half to the macroeconomic spectrum of possibilities that conventional theorists have overlooked.

The author developed the idea of yin and yang business cycles where the conventional world of profit maximization is the yang and the world of balance sheet recession, where companies are minimizing debt, is the yin. Once so divided, many varied theories developed in macro economics since the 1930s can be nicely categorized into a single comprehensive theory- The Holy Grail of Macro Economics

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Price Summary

  • We started tracking this book on March 31, 2013.
  • This book was £9.78 when we started tracking it.
  • The price of this book has changed 217 times in the past 4,016 days.
  • The current price of this book is £19.00 last checked one day ago.
  • This book is at its lowest price in the past six months.
  • This lowest price this book has been offered at in the past year is £13.49.
  • The lowest price to date was £9.78 last reached on July 11, 2013.
  • This book has been £9.78 2 times since we started tracking it.
  • The highest price to date was £22.07 last reached on April 14, 2020.
  • This book has been £22.07 2 times since we started tracking it.

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Additional Info

  • Text-to-Speech: Enabled
  • Lending: Disabled
  • Print Length: 313 Pages
  • File Size: 3,732 KB

We last verified the price of this book about one day ago. At that time, the price was £19.00. This price is subject to change. The price displayed on the Amazon.co.uk website at the time of purchase is the price you will pay for this book. Please confirm the price before making any purchases.