Macroeconomics (Paperback)

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Description


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.

About the Author


William Mitchell is a Professor of Economics at the University of Newcastle, Australia L. Randall Wray is a Senior Scholar at the Levy Economics Institute of Bard College, USA Martin Watts is a Professor of Economics at the University of Newcastle, AustraliaWilliam Mitchell is a Professor of Economics at the University of Newcastle, Australia L. Randall Wray is a Senior Scholar at the Levy Economics Institute of Bard College, USAMartin Watts is a Professor of Economics at the University of Newcastle, Australia
Product Details
ISBN: 9781137610669
ISBN-10: 1137610662
Publisher: Red Globe Press
Publication Date: February 25th, 2019
Pages: 604
Language: English