Epic Recession

Prelude to Global Depression

Jack Rasmus

Pluto Press

Download Image Jack Rasmus Epic Recession
Buy it now

Available Formats

Book

Epic Recession explains the origins and future direction of the current economic crisis, and the relationships between the banking system's breakdown and the economy in general. Jack Rasmus describes how Epic Recession is highly resistant to traditional fiscal and monetary policy solutions and requires major structural changes in the economy in order to check and contain. The book analyzes in depth the origins and causes of Epic Recession—revealing its roots in corporate and government policies and fundamental structural changes in U.S. capitalist economy since the early 1980s. Epic Recession explains how the current economic crisis is similar to, and simultaneously different from, both the Great Depression of 1929-1934 and post-1945 recessions in the U.S. It categorizes Epic Recessions in two dominant forms: ‘Type I’ and ‘Type II’: The former similar to events of 1907-1914; the latter to events of 1929-1931. Rasmus argues today’s current crisis is evolving into a ‘Type I’, but has the potential for transforming into a ‘Type II’ and that 2011-2013 will be a critical period for determining which type will prevail.

Epic Recession further provides a detailed critique of both George W. Bush and Obama administration recovery programs, in both their monetary and fiscal dimensions, and assesses why they have fared poorly thus far in resolving the crisis. The book concludes by presenting a full, thorough alternative program necessary for recovery. 

Connect with the Author

Jack Rasmus

Sign Up for
Author Updates

Reviews

Praise for Epic Recession

"Extensive research, thoughtful analysis and articulate writing have created a great book. Jack Rasmus doesn't just talk about the economic catastrophe of the last two years he identifies the problems, the root causes of the problems and offers sound and insightful solutions. Epic Recession: Prelude to Global Depression should be required reading for anyone who has a responsibility in formulating public policy. Not that they would adopt any or all of Rasmus' alternative program, but at least they couldn't say they weren't warned." —Chuck Mack, International Vice-President, International Brotherhood of Teamsters
Back

About the Author

Jack Rasmus

Jack Rasmus is a Professor of Economics at St. Marys College and Santa Clara University, book author, freelance economics journalist, and author of several stageplays and numerous songs. Prior to current writing activities, Jack was a business economist, markets analyst, and elected local union president and organizer for various labor unions.

Jack Rasmus

Back

Buy the Book

Available Formats and Book Details

Epic Recession
Prelude to Global Depression
Jack Rasmus

Trade Paperback

Trade Paperback
Pluto Press
May 2010
Trade Paperback
ISBN: 9780745329987
ISBN10: 0745329985
5 1/2 x 8 1/4 inches, 272 pages
$35.00
Buy

Hardcover

Learn more about this edition
Hardcover
Pluto Press
August 2010
Hardcover
ISBN: 9780745329994
ISBN10: 0745329993
5 1/2 x 8 1/4 inches, 272 pages
$120.00
Buy
Back

{ About }

{ Services }

{ Store }

{ Publishers }

Education

Children's

© 2011 Macmillan