Author Description

"Fortunately, The Macro Economy Today is exceptionally well suited for this task. From its inception, this text has been motivated by policy issues. The primary goal has been to help students understand the challenges of economic policy and the consequences of specific actions like tariffs, regulation, and tax reform. It has always provided a balanced discussion of these issues, allowing students to assess different perspectives on critical issues. For this edition, in-structors will particularly appreciate the unique chapters that provide a solid foundation for explaining, illustrating, and assessing major Trump initiatives. Chapter 16, for example, is devoted to supply-side theory, a core foundation of Trumponomics. Students can explore the theoretical basis for tax cuts, deregulation, and immigration reform. Chapter 19 on international trade goes beyond the theory of comparative advantage to explain why and how some market participants seek to erect trade barriers"--