This groundbreaking new core textbook encourages students to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by comparing and contrasting heterodox and orthodox approaches to theory and policy. The first such textbook to develop a heterodox model from the ground up, it is based on the principles of Modern Monetary Theory (MMT) as derived from the theories of Keynes, Kalecki, Veblen, Marx, and Minsky, amongst others. The internationally-respected author team offer appropriate fiscal and monetary policy recommendations, explaining how the poor economic performance of most of the wealthy capitalist countries over recent decades could have been avoided, and delivering a well-reasoned practical and philosophical argument for the heterodox MMT approach being advocated. The book is suitable for both introductory and intermediate courses, offering a thorough overview of the basics and valuable historical context, while covering everything needed for more advanced courses. Issues are explained conceptually, with the more technical, mathematical material in chapter appendices, offering greater flexibility of use.
- 604 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
Macroeconomics
About this book
Information
Table of contents
- Cover
- Title Page
- Copyright
- Contents
- List of Figures
- List of Tables
- List of Boxes
- About the Authors
- About the Book
- Tour of the book
- Preface
- Acknowledgements
- Website Materials
- PART A: INTRODUCTION AND MEASUREMENT
- PART B: CURRENCY, MONEY AND BANKING
- PART C: NATIONAL INCOME, OUTPUT AND EMPLOYMENT DETERMINATION
- PART D: UNEMPLOYMENT AND INFLATION: THEORY AND POLICY
- PART E: ECONOMIC POLICY IN AN OPEN ECONOMY
- PART F: ECONOMIC INSTABILITY
- PART G: HISTORY OF MACROECONOMIC THOUGHT
- PART H: CONTEMPORARY DEBATES
- Index
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Yes, you can access Macroeconomics by William Mitchell, L. Randall Wray, Martin Watts in PDF and/or ePUB format, as well as other popular books in Economics & Macroeconomics. We have over 1.5 million books available in our catalogue for you to explore.