Principles of Macroeconomics: Activist Vs Austerity Policies

ISBN-10: 0765636115
ISBN-13: 9780765636119
Edition: 2013
List price: $59.95 Buy it from $27.49
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Description: Principles of Macroeconomics by Howard J. Sherman and Michael A. Meeropol differs from other texts in that this book stresses far more the inherent instability of the macro-economy. The details of the business cycle come early and are integrated  More...

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Book details

List price: $59.95
Copyright year: 2013
Publisher: M E Sharpe Inc
Binding: Paperback
Pages: 400
Size: 7.50" wide x 9.00" long x 0.75" tall
Weight: 1.870
Language: English

Principles of Macroeconomics by Howard J. Sherman and Michael A. Meeropol differs from other texts in that this book stresses far more the inherent instability of the macro-economy. The details of the business cycle come early and are integrated throughout the core of usual macro topics (C, I, G, X). The book puts inflation into its proper perspective by recognizing that unemployment is the much greater threat to the economic well being of the vast majority of the people. Instead unemployment, and its human toll, are given far greater emphasis than other texts. The Keynesian model is fully developed; so is the statistical analysis of Wesley Mitchell. The neoclassical model is covered in both its historical evolution and in its implications for current policy debates. Finally, there is strong coverage of the Euro-zone crisis and its linkages to the United States.

Acknowledgments
Preface
Basic Issues of Macroeconomics
What Is Macroeconomics?
Evolution of Capitalism
The Classical View of the Macro-Economy
The Keynesian Revolution
National Income Accounting
Classical and Keynesian Graphical Analysis
Introduction to Economic Growth
Introduction to Business Cycles
Growth and Instability
Investment and Profit
The Multiplier
Employee Income and Profit
Consumer Spending
Credit and Interest
Housing Bubble and Financial Crisis
Government Spending, Taxes, and Deficits
The Trade Gap
Business Cycles
The Global Macro-Economy
Globalization and the Spread of Instability
The Euro Zone and Currency Issues
Finance and Monetary Policy
Inflation
Monetary Policy and Financial Regulation
Debates over Monetary Policy
Fiscal Policy and Full Employment
Fiscal Policy: How to Stimulate an Economy
Fiscal Policy: Austerians and Deficit Hawks vs. Stimulus
A Road to Full Employment
References
Index
About the Authors

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