2nd Edition

Rethinking Macroeconomics A History of Economic Thought Perspective

By John F. McDonald Copyright 2022
258 Pages 26 B/W Illustrations
by Routledge

258 Pages 26 B/W Illustrations
by Routledge

258 Pages 26 B/W Illustrations
by Routledge

Macroeconomics has always played host to contesting schools of thought, but recent events have exacerbated those differences. To fully understand the subject, students need to be aware of these controversies. Rethinking Macroeconomics: A History of Economic Thought Perspective introduces students to the key schools of thought, equipping them with the knowledge needed for a true understanding of... Read more

1 Rethinking macroeconomics: introduction to economics

2 Keynesian theory and policy

3 Keynesian theory after Keynes

4 The Monetarist school of thought and monetary policy rules

5 Austrian capital and business cycle theory

6 Real business cycles and supply-side economics

7 Modern Monetary Theory

8 The Great Depression

9 The war years and postwar recovery

10 The 1950s and 1960s: a time of economic growth

11 The years of stagflation

12 Japan: economic miracle to lost decade

13 The Great Moderation

14 Financial crisis and deep recession

15 Economics of the European Union

16 COVID-19 and the economic collapse of 2020

17 Conclusion: what approaches do people in authority use?

Biography

John F. McDonald is Adjunct Professor of Economics at Temple University, Emeritus Professor of Economics at the University of Illinois at Chicago, and Gerald W. Fogelson Distinguished Chair in Real Estate Emeritus at Roosevelt University.