Author Description

Real World Macro, 21st edition, is a lively, thought-provoking supplement to introductory and intermediate macroeconomics textbooks. Real World Macro asks the questions that standard textbooks largely neglect: What's so great about growth? Is unemployment "natural"? What's so new about the "New Economy?" Why should inequality matter?<br/>Along with covering the basics-monetary and fiscal policy, productivity and investment, inflation and unemployment-Real World Macro includes a chapter on major controversies in macroeconomics, such as the legacy of Keynesianism in the United States and the basics of Marxist economic theory. It also takes a look at international trade and finance, covering such topics as the debt crisis and arguments for and against "free trade."<br/>The newly updated and revised 21st edition contains new chapter introductions reviewing the concepts examined in each article, discussion questions relating them to a standard textbook, updated tables and appendices, and new articles addressing the latest real world issues and controversies. While Real World Macro is a great supplement to any mainstream text, its articles have also been keyed to David Colander's popular textbook, Economics, and its macroeconomics "split."