This book is step-by-step practical tool for a truly liberated life. It would help any reader to understand life threadbare and then manage it based on ancient Indian wisdom, universal love, and human values.

In a world of negative interest rates, extreme inequality and trillion-dollar budget deficits, it is safe to say that conventional macroeconomics needs an overhaul. Common Sense Macroeconomics is an innovative guide to various concepts of macroeconomic analysis. Presented in a student-friendly and accessible way, this textbook is an ideal introduction to all who seek to foresee economic developments and address some of the key problems of our time.Specifically, this book innovates as follows.Ravi Batra, a Professor of Economics at Southern Methodist University and known for his accurate forecasts such as the 2008 crash, argues that the goal of macroeconomics is to raise the living standard of all, not just a privileged few. Contrary to popular belief, relentless monetary expansion to finance budget deficits actually makes the rich richer and the poor poorer, which has been happening all over the world. Ethical policies and efficiency that create general prosperity go together. In order to increase everyone's income, governments should generate competition and outlaw mergers among large and profitable firms. Inequality arises from monopoly capitalism, because then wages lag behind productivity and generate a rising wage-productivity gap. This is the ultimate source of almost all economic troubles and imbalances. While the growing gap is inherently unfair, it also leads to vast income disparity and wealth concentration, stock market bubbles and crashes, recessions and eventually depressions. It is the rise in the wage gap that preceded the Great Depression of the 1930s and now the Great Recession of 2008. Hence governments should not stifle competition and vigorously enforce anti-trust laws. Macroeconomic equilibrium nowadays requires thatSupply = Demand + New Debt

In a world of negative interest rates, extreme inequality and trillion-dollar budget deficits, it is safe to say that conventional macroeconomics needs an overhaul. Common Sense Macroeconomics is an innovative guide to various concepts of macroeconomic analysis. Presented in a student-friendly and accessible way, this textbook is an ideal introduction to all who seek to foresee economic developments and address some of the key problems of our time.Specifically, this book innovates as follows.Ravi Batra, a Professor of Economics at Southern Methodist University and known for his accurate forecasts such as the 2008 crash, argues that the goal of macroeconomics is to raise the living standard of all, not just a privileged few. Contrary to popular belief, relentless monetary expansion to finance budget deficits actually makes the rich richer and the poor poorer, which has been happening all over the world. Ethical policies and efficiency that create general prosperity go together. In order to increase everyone's income, governments should generate competition and outlaw mergers among large and profitable firms. Inequality arises from monopoly capitalism, because then wages lag behind productivity and generate a rising wage-productivity gap. This is the ultimate source of almost all economic troubles and imbalances. While the growing gap is inherently unfair, it also leads to vast income disparity and wealth concentration, stock market bubbles and crashes, recessions and eventually depressions. It is the rise in the wage gap that preceded the Great Depression of the 1930s and now the Great Recession of 2008. Hence governments should not stifle competition and vigorously enforce anti-trust laws. Macroeconomic equilibrium nowadays requires thatSupply = Demand + New Debt

This book is step-by-step practical tool for a truly liberated life. It would help any reader to understand life threadbare and then manage it based on ancient Indian wisdom, universal love, and human values.

Bringing his signature insight and expertise, the controversial economist Ravi Batra takes on a host of problems facing the world economy, including the oil and housing bubbles, falling minimum wages, corporate scandals, gross ethical lapses, the rise of celebrity economists at the Federal Reserve and elsewhere, and political crises of all kinds. He is unflinching in his criticism of the global economic elites and the suffering and deprivation they have caused in the lives of ordinary men and women. At the same time, he also offers an expansive, optimistic vision of how the international community can overcome the many challenges before it and bring about something historically unprecedented: true global economic prosperity.

"The most thoroughgoing assault on the Maestro's legacy so far."--Cecil Johnson, "Fort Worth Star-Telegram "(syndicated)"" "Here, finally, is the dark truth about Alan Greenspan. In this chilling expose of one of the most powerful men of our time, Ravi Batra reveals Greenspan for who he secretly is: An ideologue who has waged war on the American Dream and imperiled the world economy. "Greenspan's Fraud" is a terrifying book."--David Callahan, author of "The Cheating Culture: Why More Americans Are Doing Wrong to Get Ahead" "As always, his economic arguments are expressed elegantly."--"Publishers Weekly" "[H]is economic insights recommend this book to most public and academic libraries."--Lawrence R. Maxted, "Library Journal"
"Ravi Batra is one of the world's most controversial economists. Beneath the surface of his often contentious conclusions lies a deeper source of the controversy. He does not accept one of the most fundamental fallacies of modern macroeconomic theory--the assumption that macroeconomic policy has no distribution effects.... Professor Batra turns this oversimplifying assumption upside down.... [W]e cannot and should not ignore him..."--William A. Barnett, Oswald Distinguished Professor of Macroeconomics, University of Kansas and Editor, Macroeconomic Dynamics
PRAISE FOR RAVI BATRA'S OTHER BOOKS
"Dr. Batra writes about his subject as clearly as if he were telling bedtime stories."--Christopher Lehmann-Haupt, "New York Times"
"Batra has set the standard for economic analysis . . . Think about it. Before Batra, who ever heard of phrases like 'jobless recovery, ' 'contained depression, ' and 'deflationary boom.'"--John Liscio, "Barron's"
"When itcomes to the bottom line so beloved of economists, one can learn a lot about events by thinking about them in cyclical regularities, of which Batra gives a novel and brilliant exposition."--Lester C. Thurow, Professor, MIT
"Batra [is] a scholar who has earned a considerable reputation as an expert on trade."--Albert Crenshaw, "Washington Post"
"Ravi Batra has made an outstanding reputation in the United States as an international economic theorist in the best Western tradition."--Leonard Silk, "New York Times"

In a front-page story in the Wall Street Journal, Pat Buchanan named The Myth of Free Trades as one of the cornerstones of his protectionist economic policy. Written by Dr. Ravi Batra, bestselling economist and author of The Great Depression of 1990, The Myth of Free Trade throws down the gauntlet to economic orthodoxy and challenges the gospel of free trade. Dr. Batra states that "laissez-faire has wrecked U.S. industry and shattered the American dream".

As an anecdote to our economic ills -- the federal deficit, our reliance on foreign imports, widespread downsizing, environmental destruction -- Dr. Batra sets out a five-year plan for economic revival that includes raising tariffs on imports, banning mergers among giant firms, and encouraging domestic competition by splitting huge corporations into smaller units.