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Books > Business & Economics > Economics > Macroeconomics
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Principles of Macroeconomics - Activist vs. Austerity Policies (Hardcover, 2nd edition)
Loot Price: R5,720
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Principles of Macroeconomics - Activist vs. Austerity Policies (Hardcover, 2nd edition)
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In the years since 2007 the U.S. economy has endured a severe
financial crisis, a Great Recession, and continuing heavy
unemployment. These events have led to increasing discontent among
many people contributing to a substantial vote for Bernie Sanders
and the election of Donald Trump. Meanwhile, Europe has witnessed
the rise of nationalist parties and Brexit. In the face of these
problems and events, economics must change. Principles of
Macroeconomics: Activist vs. Austerity Policies provides an
antidote to the standard macro texts offering multiple points of
view instead of one standard line, a fact-based focus on the causes
and cures of instability in economics, and an examination of
inequality in the United States. Readers are introduced to both the
Classical view, which takes the conservative approach and argues
for an austerity program to reduce the size of the government; and
the Progressive view, which argues for government intervention to
create a strong recovery. These ideas are applied to all the key
macroeconomic topics including economic growth, business cycles,
and monetary policy. Using the methodology of Wesley Mitchell and
drawing on the work of Keynes, the authors also explore topics such
as unemployment, the human cost of economic crashes, increasing
inequality of income, and the history of capitalism. This second
edition includes new material on the Obama recovery, the crisis in
the Eurozone, the rise of populism, and the current state of
healthcare, education, and environmental issues in America to bring
the text fully up to date. It will be of great interest to
undergraduate students and particularly those studying the
economics of the United States.
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