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Macroeconomics

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( 55 ratings, 6 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Macroeconomics offers a groundbreaking core textbook that urges students to critically evaluate traditional assumptions in macroeconomics by contrasting orthodox and heterodox theories. Rooted in Modern Monetary Theory and inspired by economists like Keynes, Kalecki, Marx, and Minsky, this text presents clear fiscal and monetary policy recommendations. It explores how prevailing poor economic outcomes in wealthy capitalist nations could have been averted and advocates for a heterodox approach through well-reasoned practical and philosophical arguments. Suitable for both introductory and intermediate courses, the book blends conceptual explanations with technical appendices and provides rich historical context.

Complementary online resources are available at bloomsburyonlineresources.com/mitchell-macroeconomics to support teaching and learning without additional cost.
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Format: Paperback / softback
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book is ideal for students of economics seeking a comprehensive and critical understanding of macroeconomic theories, particularly those interested in Modern Monetary Theory and heterodox economic approaches. It suits both beginners and intermediate learners on economics courses, as well as educators looking for an accessible yet thorough text with supporting online resources.

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Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

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.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Jia Genliang from Renmin University of China praises the book for highlighting the need to incorporate pluralist perspectives in macroeconomics and pointing towards a revolutionary heterodox future. John P. Watkins from Westminster College commends it as a highly readable alternative to mainstream macroeconomics, closely aligning with Keynes's original vision and presenting clear, logical arguments within a relevant historical framework. Reviews emphasise it as a complete, up-to-date, and excellent critique of mainstream macroeconomic theory.

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Book Details

INFORMATION

ISBN: 9781137610669

Publisher: Bloomsbury Publishing PLC

Format: Paperback / softback

Date Published: 25 February 2019

Country: United Kingdom

Imprint: Bloomsbury Academic

Illustration: 5 bw illus

Audience: Tertiary education

DIMENSIONS

Spine width: 30.0mm

Width: 192.0mm

Height: 260.0mm

Weight: 1250g

Pages: 604

About the Author

William Mitchell is a Professor of Economics at the University of Newcastle, Australia

L. Randall Wray is a Senior Scholar at the Levy Economics Institute of Bard College, USA

Martin Watts is a Professor of Economics at the University of Newcastle, Australia

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