This edition (1964) of Business Cycles and National Income includes the whole of the 1951 edition (Parts I-IV) in unaltered form and adds five new chapters (Part V). This new material presents a survey and analysis of the four recessions and recoveries which we have witnessed in the American economy in the periods 1948-1963.
In this new edition Professor Hansen augments his authoritative study of the business cycle with an analysis of the performance—and the problems—of the postwar American economy.
