Boom and Bust: Who Can Explain the Business Cycle? (Accessible Preview)
1,787 views · Published 15 April 2014 · 3:43 · Indexed 30 October 2026
Channel: Described and Captioned Media Program · 2014 · Education
Part of the "Economics USA" series. The nation's cycles of economic booms and busts were considered intrinsically capitalistic by Joseph Schumpeter who called them "methodic economic growth," and by Karl Marx who lambasted capitalism as inherently flawed. John Maynard Keynes held that recessions depended on the balance of aggregate demand and aggregate supply. Economist Hyman Minsky provided an explanation for the Great Recession of the 21st Century with his theory that the financial system plays a role in economic cycles. Producer/Distributor: ANNENBERG Production Year: 2012 Grade Level: 11-12 Registered DCMP members can access this title for free at the following URL: http://www.dcmp.org/media/7335
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