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The Great Depression of 1990 (Mass Market Paperback)

~ Ravi Batra (Author)

3.0 out of 5 stars See all reviews (9 customer reviews)

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5 new from $16.61 116 used from $0.01 2 collectible from $10.00

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Hardcover Hardcover Available from these sellers. Published May 1987	--	$0.84	$0.01
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Paperback Paperback Available from these sellers. Published 1985	--	$7.75	$0.95
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Mass Market Paperback Mass Market Paperback Available from these sellers. Published May 1, 1988 Mass Market Paperback: A smaller paperback commonly used for bestsellers and genre fiction.	--	$16.61	$0.01
Audio, Cassette, Audiobook Audio, Cassette, Audiobook Available from these sellers. Published January 15, 1988	--	$2.75	$1.49
Unknown Binding Unknown Binding Published 1985	--	--	--

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Editorial Reviews

From Publishers Weekly

Southern Methodist University economics professor Batra bases his prediction of a "great depression" around 1990 on a pattern of 30- and 60-year recession-depression cycles in the U.S. dating back to the 1780s. He cites factors leading to the stock market crash of 1929 that also are present today: intense concentration of wealth, a depressed farm economy, heavy speculation, bank vulnerability, protectionist trade sentiment and fiscal corruption. The author relates all this to a theory of India's social scientist Prabhat Sarkar who divides human experience into ages of "laborers, warriors, intellectuals and acquisitors," the latter with their "merger mania" being dominant today. Batra's defensive formula for weathering the next slump includes such steps as converting one's assets (home and all) into cash, which, if widely followed, could bring on recession all the sooner. He does, however, propose a tax plan, admittedly unlikely to be adopted, which could puncture the Federal deficit and make a true depression virtually impossible.
Copyright 1987 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

From Library Journal

Doomsayers have always been part of the landscape of economic forecasting. Batra, international trade economist, has ventured a bit afield from his specialty to predict that the economic sky will fall in late 1989 or early 1990. Using P.R. Sarkar's theory of historical determinism, Batra projects a collapse of the Western economies and a world depression that will arrive in 1990 and plague us for seven years. He analyzes the historical cycles of monetary growth, inflation, and regulation to extrapolate a confluence of cycles in 1990 reminiscent of the crash of 1929. Will it happen? The majority of economists think not. For those who are convinced, chapter 8 recommends financial strategies prior to and during the depression. Not recommended.Gene R. Laczniak, Coll. of Business, Marquette Univ., Milwaukee
Copyright 1987 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

Product Details

Mass Market Paperback
Publisher: Dell (May 1, 1988)
Language: English
ISBN-10: 0440201683
ISBN-13: 978-0440201687
Product Dimensions: 6.7 x 4.1 x 0.9 inches
Shipping Weight: 1.6 ounces

Average Customer Review: 3.0 out of 5 stars See all reviews (9 customer reviews)

Amazon.com Sales Rank: #1,431,046 in Books (See Bestsellers in Books)

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Customer Reviews

9 Reviews

5 star:		(1)
4 star:		(4)
3 star:		(1)
2 star:		(0)
1 star:		(3)

Average Customer Review

3.0 out of 5 stars (9 customer reviews)

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10 of 11 people found the following review helpful:

1.0 out of 5 stars Another great entry in fantastically wrong predictions, April 18, 2006

By	Ananda Gupta (Columbia, MD United States) - See all my reviews (REAL NAME)

This review is from: The Great Depression of 1990: Why it's got to happen---How to protect yourself (Hardcover)

It's wonderful, in a way, when a person writes a book whose predictions turn out to be completely wrong. (Less wonderful when people keep buying his nonsense!)

A review of this book can be very brief -- just two points need be made:

1. There wasn't a great depression in the 1990s (to the posters who say there was a "recession" in the early 90s, I say: the unemployment rate in the US during the real Great Depression was 25% at its peak. It never cracked 6.5% in the 1990s. A mild recession does not a depression make, nor does it justify the title or apocalyptic tone of this book.)

2. Had the US adopted Batra's recommended policies -- dramatic increases in trade restrictions, etc. -- there WOULD have been a depression. One of the central causes of the real Great Depression was the Smoot-Hawley Tariff, which increased tariffs dramatically. Batra proposed similar measures in this book. In other words, in order to prevent a depression that never came, Batra argued that we ought to adopt measures that caused an actual depression in the past.

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12 of 15 people found the following review helpful:

1.0 out of 5 stars We should all thank Ravi Batra, February 2, 2001

By	Peter N Caress (Bethesda, MD USA) - See all my reviews

This review is from: The Great Depression of 1990 (Audio Cassette)

We should all be for Mr. Ravi Batri. By selling enough copies of this book and its sequel ("Surviving the Great Depression of 1990"), he singlehandedly prevented worldwide economic collapse!

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13 of 17 people found the following review helpful:

1.0 out of 5 stars Total nonsense!, September 2, 1999

By A Customer

This review is from: The Great Depression of 1990 (Audio Cassette)

Batra's 1985 prediction of a world-wide depression in 1990 did not happen. This guy continues to pump out economic trash. Those who buy his books - - and believe Batra's wild-eyed rantings and ravings - - are in serious need of help. Get a life!

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Most Recent Customer Reviews

4.0 out of 5 stars Lessons in Economic Analysis
Ravi Batra Ph,D. is a professor of economics at SMU and the author of books on International Trade. This 1987 book predicted a great worldwide depression in 1990 by analyzing... Read more

Published 13 months ago by Acute Observer

4.0 out of 5 stars What Goes Around Long Waves Around
Ah, what difference 18 years makes. It was pure hubris to call the date the way this author did. The ability to stagger along had more power than expected. Read more

Published 14 months ago by Robert J. Duwors

3.0 out of 5 stars Seventeen Years Later...still waiting!
Having read Mr. Batra's book, "The Great Depression of 1990" some twenty years or so ago, and again this week, most, whether conservative or liberal, would agree that Mr. Read more

Published on April 3, 2007 by Larry Turrentine

5.0 out of 5 stars He Nailed It!
Regardless of what others have written, this was a correct prediction. While Donald Trump was going insolvent in the late nineties and at the same time, pushing his con job, The... Read more

Published on August 10, 2006 by Michael Sherrer

4.0 out of 5 stars the early 1990s recession was pretty bad!
Batra predicted in 1985 that a grotesquely unequal distribution of wealth would cause a depression in 1990. Establishment economists mocked his book. Read more

Published on February 25, 1999

4.0 out of 5 stars A look at an interesting and prophetic book
Batra argues convincingly that civilizations rise and fall in economic as well as social cycles. The overriding case is made for a more even distribution of the world's resources... Read more

Published on January 20, 1998

› See all 9 customer reviews...

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