Macroeconomics: An Introduction, provides a lucid and novel
introduction to macroeconomic issues. It introduces the reader to
an alternative approach of understanding macroeconomics, which is
inspired by the works of Adam Smith, David Ricardo, Karl Marx, John
Maynard Keynes, and Piero Sraffa. It also presents the reader with
a critical account of mainstream marginalist macroeconomics. The
book begins with a brief history of economic theories and then
takes the reader through three different ways of conceptualizing
the macroeconomy. Subsequently, the theories of money and interest
rates, output and employment levels, and economic growth are
discussed. The book ends by providing a policy template for
addressing the macroeconomic concerns of unemployment and
inflation. The conceptual discussion in Macroeconomics is situated
within the context of the Indian economy. Besides using publicly
available data, the contextual description is instantiated using
excerpts from works of fiction by Indian authors.
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