This page has interviews with faculty of Chapman University's Argyros School of Business and Economics.
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Residential Construction as Leading Indicator |
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Dr. Steven Gjerstad talks about his new article, "Gross Domestic Product and its Components in Recessions," in this interview recorded May 27, 2010. Written with Nobel Laureate Dr. Vernon Smith, Dr. Gjerstad's paper looks at four different sectors of the nation's gross domestic product (GDP) before, during and after each of the eleven post-World War II recessions. Comparing and contrasting each recession against the present "Great Recession" and the "Great Depression" of the 1930's, Dr. Gjerstad reaches some unexpected and interesting conclusions. Dr. Gjerstad's startling insights into our present economic difficulties will aid your understanding of today's headlines. You can download Dr. Gjerstad's paper here.
Click here to download interview. |
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Dr. Vernon Smith and Dr. Steven Gjerstad |
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Dr. Vernon Smith, 2002 Nobel Laureate in Economic Sciences, and Dr. Steven Gjerstad, visiting professor at Chapman University's Economic Science Institute, discuss their theory about the causes of the current credit crisis, and its haunting similarities to the Depression of the 1930's. Be sure to listen to both parts of this interview for their startling insight on why the present crisis is so grave. Click here to download Part One of the interview. Click here to download Part Two of the interview. |
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