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Saturday, April 25, 2020

"Recessions: Volume I" Kindle Edition Published

The Kindle edition of Recessions: Volume I has been published on Amazon (affiliate link). This book is longer than my previous ones (59,000 words).

I will create a longer book description article shortly.

As for other editions, they will take time. My current workflow is to create the EPUB version from the same file as the version used for paperback. There is a considerable amount of work involved in getting paperback formatting correct. Once done, I can submit the EPUB edition, then wait for the paperback proof.

If the reader would like to take advantage of the ebook matching programme at Amazon (ebook given free when paperback is bought), they will need to wait for the paperback to be released (I do not think Amazon offers refunds in that case).

Thanks in advance for your support.

Book Short Description

This book looks at the theory of recessions from a (mainly) post-Keynesian perspective. What are the mechanisms behind recessions, and what do various theories or models predict?

This volume is what might be described as a “guided survey”: there is a theoretical narrative, but it is developed by surveying existing theories. The writing style is at an intermediate level, being at about the same complexity as what might be seen in the business press, but with a large body of footnotes/endnotes to point readers to academic papers.

The main theoretical argument is that recessions are inherently hard to forecast. Anyone who has read financial market commentary for an extended period will not be surprised by this; missed recession calls are a pervasive phenomenon. The interesting question is: why are recessions hard to forecast? The mechanisms outlined in this book help explain why theory suggests that this should be so.

The second volume continues the argument with more advanced topics, as well as doing a survey that compares competing theories to historical recessions.

The Amazon website offers readers a chance to look at more details of the book, including a look inside the front pages.


  1. I'll definitely be buying this. I prefer the hard copy so I guess I'll wait for that. It's good to know you can get both the eversion and hard copy for the same price.

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