The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global...

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global GDP contracted, and this contraction was accompanied by weakening of other key indicators of global economic activity....

Intro -- Contents -- Introduction: Epic Recession-Past, Present, and Prologue -- Part One Theory -- 1 Quantitative Characteristicsof Epic Recession -- 2 Qualitative Characteristics of Epic Recession -- 3 The Dynamics of Epic Recession -- Part Two History -- 4 U.S. Depressions in the Nineteenth...