Macroeconomics has always played host to contesting schools of thought, but recent events have exacerbated those differences. To fully understand the subject, students need to be aware of these controversies. Rethinking Macroeconomics: A History of Economic Thought Perspective introduces students to the key schools of thought, equipping them with the knowledge needed for a true understanding of today's economy. The text guides the reader through multiple approaches to macroeconomic analysis before presenting the data for several critical economic episodes, all in order to explore which analytical method provides the best explanation for each event. It covers key background information on topics such as the basics of supply and demand, macroeconomic data, international trade and the balance of payments, the creation of the money supply, and the global financial crisis. This anticipated second edition contains new chapters on Modern Monetary Theory, the Japanese economy, the European Union, and the COVID-19 crisis, bringing the story up to date and broadening the international coverage. Offering the context that is missing from existing introductory textbooks, this work encourages students to think critically about received economic wisdom. This is the ideal complement to any introductory macroeconomics textbook and is ideally suited for undergraduate students who have completed a principles of economics course. The book is fully supported with additional online resources, which include lecture slides and an instructor manual.

Macroeconomics has always played host to contesting schools of thought, but recent events have exacerbated those differences. To fully understand the subject, students need to be aware of these controversies. Rethinking Macroeconomics: A History of Economic Thought Perspective introduces students to the key schools of thought, equipping them with the knowledge needed for a true understanding of today's economy. The text guides the reader through multiple approaches to macroeconomic analysis before presenting the data for several critical economic episodes, all in order to explore which analytical method provides the best explanation for each event. It covers key background information on topics such as the basics of supply and demand, macroeconomic data, international trade and the balance of payments, the creation of the money supply, and the global financial crisis. This anticipated second edition contains new chapters on Modern Monetary Theory, the Japanese economy, the European Union, and the COVID-19 crisis, bringing the story up to date and broadening the international coverage. Offering the context that is missing from existing introductory textbooks, this work encourages students to think critically about received economic wisdom. This is the ideal complement to any introductory macroeconomics textbook and is ideally suited for undergraduate students who have completed a principles of economics course. The book is fully supported with additional online resources, which include lecture slides and an instructor manual.

Chicago went from nothing in 1830 to become the second-largest city in the nation in 1900, while the Midwest developed to become one of the world's foremost urban areas. This book is an economic history of the Chicago metropolitan area from the 1820s to the present. It examines the city in its Midwestern region and compares it to the other major cities of the North. This book uses theories of the economics of location and other economic models to explain much of Chicago's history. Chicago maintained its status as the second-largest city through the first decades of the 20th century, but rapid growth shifted to the Sunbelt following World War II. Since the 1950s the city's history can be divided into four distinct periods; growth with suburbanization (1950-1970), absence of growth, continued suburbanization, and central city crisis (1970-1990), rebound in the 1990s, and financial crisis and deep recession after 2000. Through it all Chicago has maintained its position as the economic capital of the Midwest. The book is a synthesis of available literature and public data, and stands as an example of using economics to understand much of the history of Chicago. This book is intended for the college classroom, urban scholars, and for those interested in the history of one of world's foremost urban areas.

The factors that determine growth at the industry level are different for innovative versus mature industries. Growth industries rely on high-quality workers, access to capital, technical change, and numerous forms of collected economies. Mature industries concentrate on low-input costs and minimizing costs for wages, transportation, taxes, material, etc. This approach is adopted here to consider the growth and development of metropolitan economies.In twelve chapters, eminent scholars provide a complete review of what works - and what doesn't - in generating economic development. What are the potential and the reality of producer services, suburban business centers, enterprise zones, technology-based ventures, and industrial incubators? How can economic development policy improve the incubator effect? Is there a nationwide venture capital network? What are the locational requirements of firms in high-growth industries? Finally, what are the consequences of failed growth?This comprehensive collection includes chapters by Edwin S. Mills; Patricia E. Beeson; Mark A. Satterthwaite; Breandan O Huallachain; John F. McDonald; William B. Beyers; Truman A. Hartshorn; Peter O. Muller; Rodney A. Erickson; Richard Florida; Donald F. Smith, Jr.; Claudia Bird Schoonhoven; Kathleen M. Eisenhardt; Stephen Nord; Robert G. Sheets; and Thomas R. Hammer. This workis a must read for policymakers, planners, analysts, and students.

Chicago went from nothing in 1830 to become the second-largest city in the nation in 1900, while the Midwest developed to become one of the world's foremost urban areas. This book is an economic history of the Chicago metropolitan area from the 1820s to the present. It examines the city in its Midwestern region and compares it to the other major cities of the North. This book uses theories of the economics of location and other economic models to explain much of Chicago's history. Chicago maintained its status as the second-largest city through the first decades of the 20th century, but rapid growth shifted to the Sunbelt following World War II. Since the 1950s the city's history can be divided into four distinct periods; growth with suburbanization (1950-1970), absence of growth, continued suburbanization, and central city crisis (1970-1990), rebound in the 1990s, and financial crisis and deep recession after 2000. Through it all Chicago has maintained its position as the economic capital of the Midwest. The book is a synthesis of available literature and public data, and stands as an example of using economics to understand much of the history of Chicago. This book is intended for the college classroom, urban scholars, and for those interested in the history of one of world's foremost urban areas.

This unique and inexpensive book provides a demographic and economic history of urban America over the last 65 years. The growth and decline of most northern cities is contrasted with the steady growth of western and southern cities. Various urban government policies are explored, including federal, state, and local policies. There is a chapter focusing on Detroit and its rapid decline toward bankruptcy and its recent strategies to slow recovery. The final two chapters speculate on what's next for urban America and gives suggestions for stimulating growth.

This unique and inexpensive book provides a demographic and economic history of urban America over the last 65 years. The growth and decline of most northern cities is contrasted with the steady growth of western and southern cities. Various urban government policies are explored, including federal, state, and local policies. There is a chapter focusing on Detroit and its rapid decline toward bankruptcy and its recent strategies to slow recovery. The final two chapters speculate on what's next for urban America and gives suggestions for stimulating growth.

The factors that determine growth at the industry level are different for innovative versus mature industries. Growth industries rely on high-quality workers, access to capital, technical change, and numerous forms of collected economies. Mature industries concentrate on low-input costs and minimizing costs for wages, transportation, taxes, material, etc. This approach is adopted here to consider the growth and development of metropolitan economies.

In twelve chapters, eminent scholars provide a complete review of what works--and what doesn't--in generating economic development. What are the potential and the reality of producer services, suburban business centers, enterprise zones, technology-based ventures, and industrial incubators? How can economic development policy improve the incubator effect? Is there a nationwide venture capital network? What are the locational requirements of firms in high-growth industries? Finally, what are the consequences of failed growth?

This comprehensive collection includes chapters by Edwin S. Mills; Patricia E. Beeson; Mark A. Satterthwaite; Breandan o Huallachain; John F. McDonald; William B. Beyers; Truman A. Hartshorn; Peter O. Muller; Rodney A. Erickson; Richard Florida; Donald F. Smith, Jr.; Claudia Bird Schoonhoven; Kathleen M. Eisenhardt; Stephen Nord; Robert G. Sheets; and Thomas R. Hammer. This workis a must read for policymakers, planners, analysts, and students.