The Business Cycle After Keynes

This up-to-date book on modern theories of the business cycle fills a gap in the literature by presenting a comprehensive analysis of the major theoretical work before and after 1970. The author focuses on the Political and Equilibrium theories of the cycle with special attention to the role of government in each of these theories, considers evidence supporting these modern theories and their underlying hypotheses, and analyzes business cycle modeling and the role of government in the cycle.