Macroeconomics
Bloomsbury Academic (Publisher)
2nd Edition
Will be published approx. on 11. November 2027
Book
Hardback
636 pages
978-1-350-51417-1 (ISBN)
Description
A bold and authoritative new edition of this groundbreaking textbook invites students to interrogate the foundations of macroeconomics with fresh rigor. Challenging conventional wisdom, it sets orthodox theory alongside heterodox perspectives, equipping readers to critically assess the assumptions that shape economic policy and debate.
Building on the success of its first edition, this new edition constructs a coherent heterodox framework from first principles, drawing on Modern Monetary Theory (MMT) and the influential insights of Keynes, Kalecki, Veblen, Marx, and Minsky. The result is a clear, systematic model that rethinks how modern economies function. Written by an internationally respected team, the book moves beyond theory to offer incisive fiscal and monetary policy recommendations. It demonstrates how the persistent underperformance of advanced capitalist economies in recent decades might have been avoided, and presents a compelling, carefully argued case, both practical and philosophical, for the heterodox, MMT-informed approach it champions. Essential reading for students and scholars seeking a deeper, more critical understanding of macroeconomics. New to this edition:- new content on recent inflation, its impact on the macroeconomy, and policy responses
- new coverage of central bank digital currencies
- updated coverage of climate change policy implications
- new problem questions, case studies and boxed features
- new and updated online materials for lecturers and students
More details
Edition
2nd ed.
Language
English
Product notice
sewn/stitched
Cloth over boards
With dust jacket
Dimensions
Height: 246 mm
Width: 189 mm
Thickness: 25 mm
Weight
454 gr
ISBN-13
978-1-350-51417-1 (9781350514171)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Persons
William Mitchell is 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 Professor of Economics at the University of Newcastle, Australia.Author
University of Newcastle Australia
Bard College USA
University of Newcastle Australia