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This book explains modern macroeconomics. It does not use
equations, graphs, diagrams or footnotes. The book is designed to
make modern macroeconomics available to those who never had a
university course in economics or who had one years ago, now little
remembered. The book is non-technical. Since readers are busy, the
book is purposely confined to about a hundred pages. It seeks to
combat the lack of literacy in basic macroeconomics that is all too
evident among Americans. It covers a series of important subjects:
resources; national output; living standards; economic growth;
employment and unemployment; money and interest rates; inflation;
government; deficits and debt; international; productivity;
incentives; expectations; income distribution; asset markets;
business fluctuations; creative destruction; planning horizons;
international convergence; and more.
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