From: "Jurriaan Bendien" <[email protected]>
I don?t think there is much of a problem in defining what an ?economic crisis? is, and you don?t really need to persuade people that there is one, when it occurs. A crisis occurs when output growth, investment growth and employment levels stagnate or decrease significantly. ^^^^^ CB: By the way, in the last few years, the US monopoly media have decided that a crisis can end without significant job recovery, only profit recovery. The old definition of recovery from crisis has changed for now. (I suppose a currency or monetary crisis is a special variant, but the currency crisis is also a crisis precisely because output, investment and employment are jeopardised. Sometimes also, crises are induced by natural disasters). The analytical challenge is to know why these things occur, and what would solve the crisis. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
