The Business Cycle: Growth and Crisis Under Capitalism - Paperbackby Howard J. Sherman (Author) Are the recurring recessions of the capitalist world merely short term adjustments to changing economic circumstances in a system that tends, in general, toward equilibrium? In this accessible study of the business cycle, Howard Sherman makes a powerful case that recessions and painful involuntary unemployment are endogenous to capitalism. Drawing especially on the work of Wesley Clair Mitchell, Karl Marx, and John M.