Download or read book Industrial Restructuring, Financial Instability and the Dynamics of the Postwar US Economy (RLE: Business Cycles) written by David J. Carrier and published by Routledge. This book was released on 2015-03-24 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, originally published in 1997, examines the combined effect of financial instability and industrial restructuring on postwar economic growth and recession in the US. It sheds light on the fundamental question of whether or not these trends are positive for the economy as a whole. To explain the cyclical nature of investment and finance, institutional theory regarding financial instability is examined in depth and related to Minsky’s analysis of investment behaviour. The author has created an empirical model of this behaviour which, he claims, accurately predicts historical consumption investment and GDP cycles.