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Macroeconomics (Paperback, 1st Ed. 2019)
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Macroeconomics (Paperback, 1st Ed. 2019)
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This groundbreaking new core textbook encourages students to take a
more critical approach to the prevalent assumptions around the
subject of macroeconomics, by comparing and contrasting heterodox
and orthodox approaches to theory and policy. The first such
textbook to develop a heterodox model from the ground up, it is
based on the principles of Modern Monetary Theory (MMT) as derived
from the theories of Keynes, Kalecki, Veblen, Marx, and Minsky,
amongst others. The internationally-respected author team offer
appropriate fiscal and monetary policy recommendations, explaining
how the poor economic performance of most of the wealthy capitalist
countries over recent decades could have been avoided, and
delivering a well-reasoned practical and philosophical argument for
the heterodox MMT approach being advocated. The book is suitable
for both introductory and intermediate courses, offering a thorough
overview of the basics and valuable historical context, while
covering everything needed for more advanced courses. Issues are
explained conceptually, with the more technical, mathematical
material in chapter appendices, offering greater flexibility of
use. Accompanying online resources for this title can be found at
bloomsburyonlineresources.com/mitchell-macroeconomics. These
resources are designed to support teaching and learning when using
this textbook and are available at no extra cost.
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