Spring, Frances (contributor) - 2002
economy.
The theme of this year’s conference is very Minskian in that it seeks to examine the causes of the
U.S. recession … called a growth recession. In the fourth quarter of 2001, GDP rose by just
under 0.5 percent, which is approaching 3 percent … below the growth of productive potential—in
every relevant sense, a recession. There also was a rise in unemployment during …