Recession

In Recession, economist Tyler Beck Goodspeed provides a comprehensive examination of economic contractions spanning four centuries.

The book challenges conventional wisdom about recessions, arguing that they are not inevitable busts following unsustainable booms but rather are caused by adverse shocks like war and energy price spikes.

Goodspeed combines historical primary source material with statistical analysis to demonstrate that post-recession economic growth typically resumes the same trend as before, and offers guidance on how business and government decisions can either prolong or mitigate recessions.