QR – Cure – Quizzing Realms – 145

In the 1970s, this gentleman published a list of various explicit definitions of a certain term. Out of that list, only one definition survives, and is considered today as the only definition of this term which continues to give world economies nightmares these days.

Identify him, the term and the definition. This should be a biz-quizzer’s ‘halua question of the day’!

Happy quizzing, and have a nice life, folks!

PS: A rather drunk rant of mine is up on the opinion blog. Take a look when you have the time.

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Yes folks, all four answers are correct! This is indeed Julius Shiskin, the gentleman who provided a whole list of definitions for recession, of which only one survives today: recession = two quarters of negative GDP. Going by that, India was never in recession! I have been saying this for the past two years now, but people NEVER seem to listen!