Macroeconomics - Grand Format

Have you wondered how mainstream economics routinely fails to predict major economic events such as the Global Financial Crisis, or why drastic inequality of wealth still divides societies today ? In Macroeconomics, you will find the answers - and hear some suggestions for change. Covering both introductory and intermediate courses, this groundbreaking textbook will develop your critical appreciation of macroeconomics.
It is the first textbook presenting a workable, coherent heterodox model, based on Modem Monetary Theory (MMT) and theorists including Keynes, Kalecki, Veblen, Marx, and Minsky. Offering real-woad policy recommendations, this compelling argument contrasts the MMT emphasis on the spending and job creation powers of currency-issuing governments, with the mainstream insistence that government must curb spending.
The authors refute confusing misconceptions and intimidating jargon, keeping Macroeconomics accessible yet academically and intellectually rigorous. Issues and their implications are explained conceptually from the ground up, while providing options for exploring more technical material. Key benefits include : An unrivalled practical focus on how money and banks actually operate, offering unique insights into how macroeconomics, politics and society interact.
Detailed critical coverage m contemporary macroeconomic thought, analysing both the MMT and the mainstream neoclassical perspectives. Rich historical context, illustrating how macroeconomics evolve, its schools and debates, and how mainstream macroeconomic thought became the status quo. The widely-respected Australian-US author team, ensuring a global perspective via international examples and data.