Macroeconomics, 4th. ed.
The first edition of this textbook was published at a time of calm in the U.S. and world economies. In fact, at the time (in 2005), many economists believed that the socalled Great Moderation, an era of relative stability that began in the mid-1980s, would continue indefinitely. We chose, nonet...
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| Format: | Book |
| Language: | English |
| Published: |
Worth Publisher
2020
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| Subjects: | |
| Online Access: | http://dspace.uniten.edu.my/jspui/handle/123456789/15312 |
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| Summary: | The first edition of this textbook was published at a time
of calm in the U.S. and world economies. In fact, at the
time (in 2005), many economists believed that the socalled
Great Moderation, an era of relative stability that
began in the mid-1980s, would continue indefinitely. We
chose, nonetheless, to put recessions and the policies
governments use to fight them front and center, believing
that the business cycle is still the core issue in macroeconomics.
And subsequent events have both validated
that decision and provided plenty of material to incorporate
in each new edition. And so it is with this edition.
Above all, Robin and I hope that this fourth edition
of Macroeconomics leaves students with the sense that
they have learned a lot about the world they’re living in,
but we also believe that hard times in the world economy
have, perversely, greatly improved our ability to teach
macroeconomics. We can now vividly illustrate that macroeconomics
really does make sense of the world and that
it really matters. We hope you share our enthusiasm. |
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