The book aims to give non-economists a detailed understanding of
how macroeconomic policy works in modern economies, and the issues
it faces. The world has recently been through a huge economic
crisis and thinking people everywhere have reason to wonder whether
something is not seriously wrong with the policy regimes underlying
these dramatic events in the major economies, and whether changes
should be made. The author reviews the history of the successive
regimes tried and found wanting in the second half of the last
century and proposes a set of reforms designed to convert the
flawed neo-liberal consensus of the 1990s into a durable regime for
the present century.
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