Rethinking macroeconomics: a history of economic thought perspective
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TextPublication details: New York Routledge 2022 Edition: 2ndDescription: viii, 239 pISBN: 9780367762926Subject(s): MacroeconomicsDDC classification: 339 Summary: Macroeconomics has always played host to contesting schools of thought, but recent events have exacerbated those differences. To fully understand the subject, students need to be aware of these controversies. Rethinking Macroeconomics: A History of Economic Thought Perspective introduces students to the key schools of thought, equipping them with the knowledge needed for a true understanding of today’s economy.
The text guides the reader through multiple approaches to macroeconomic analysis before presenting the data for several critical economic episodes, all in order to explore which analytical method provides the best explanation for each event. It covers key background information on topics such as the basics of supply and demand, macroeconomic data, international trade and the balance of payments, the creation of the money supply, and the global financial crisis. This anticipated second edition contains new chapters on Modern Monetary Theory, the Japanese economy, the European Union, and the COVID-19 crisis, bringing the story up to date and broadening the international coverage.
Offering the context that is missing from existing introductory textbooks, this work encourages students to think critically about received economic wisdom. This is the ideal complement to any introductory macroeconomics textbook and is ideally suited for undergraduate students who have completed a principles of economics course.
The book is fully supported with additional online resources, which include lecture slides and an instructor manual.
| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode |
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Indian Institute of Management LRC General Stacks | Public Policy & General Management | 339 MCD (Browse shelf(Opens below)) | 1 | Available | 004142 |
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| 339 MAN Macroeconomics | 339 MAN Macroeconomics | 339 MAN Macroeconomics | 339 MCD Rethinking macroeconomics: a history of economic thought perspective | 339 OBS Foundation of international macroeconomics | 339 PAR Macroeconomics | 339 PER Microeconomics |
Table of Contents
1 Rethinking macroeconomics: introduction to economics
2 Keynesian theory and policy
3 Keynesian theory after Keynes
4 The Monetarist school of thought and monetary policy rules
5 Austrian capital and business cycle theory
6 Real business cycles and supply-side economics
7 Modern Monetary Theory
8 The Great Depression
9 The war years and postwar recovery
10 The 1950s and 1960s: a time of economic growth
11 The years of stagflation
12 Japan: economic miracle to lost decade
13 The Great Moderation
14 Financial crisis and deep recession
15 Economics of the European Union
16 COVID-19 and the economic collapse of 2020
17 Conclusion: what approaches do people in authority use?
Macroeconomics has always played host to contesting schools of thought, but recent events have exacerbated those differences. To fully understand the subject, students need to be aware of these controversies. Rethinking Macroeconomics: A History of Economic Thought Perspective introduces students to the key schools of thought, equipping them with the knowledge needed for a true understanding of today’s economy.
The text guides the reader through multiple approaches to macroeconomic analysis before presenting the data for several critical economic episodes, all in order to explore which analytical method provides the best explanation for each event. It covers key background information on topics such as the basics of supply and demand, macroeconomic data, international trade and the balance of payments, the creation of the money supply, and the global financial crisis. This anticipated second edition contains new chapters on Modern Monetary Theory, the Japanese economy, the European Union, and the COVID-19 crisis, bringing the story up to date and broadening the international coverage.
Offering the context that is missing from existing introductory textbooks, this work encourages students to think critically about received economic wisdom. This is the ideal complement to any introductory macroeconomics textbook and is ideally suited for undergraduate students who have completed a principles of economics course.
The book is fully supported with additional online resources, which include lecture slides and an instructor manual.
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