Mainstream textbooks present economics as an objective science,
free from value judgements. This book demonstrates this to be a
myth - one which serves to make such textbooks not only
off-puttingly bland, but also dangerously misleading in their
justification of the status quo and neglect of alternatives. In
this much-needed companion volume to the popular Microeconomics
Anti-Textbook, Tony Myatt reveals how the blind spots and
methodological problems present in microeconomics continue to exert
their influence in mainstream macroeconomics. From a flawed
conception of the labour market, to a Pollyana view of the
financial sector, macroeconomic principles as they are set out in
conventional undergraduate textbooks consistently fail to set out a
realistic, useful, or equitable framework for understanding the
world. By summarising and then critically evaluating the major
topics found in a typical macroeconomics textbook, the
Anti-Textbook lays bare their sins of omission and commission,
showing where hidden value judgements are made and when contrary
evidence and alternative theories are ignored. The Macroeconomics
Anti-Textbook is the student's essential guide to decoding
mainstream macroeconomic textbooks, and demonstrating how
real-world economics are much more interesting than most economists
are willing to let on.
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