Title: Macroeconomics
Authors: William Mitchell, L. Randall Wray, Martin Watts
Publisher: Bloomsbury Academic; 1st ed. 2019 edition
Description: “Macroeconomics” by William Mitchell, L. Randall Wray, and Martin Watts presents a comprehensive exploration of macroeconomic theory from a modern monetary perspective. In this 1st edition textbook, the authors offer a fresh and innovative approach to understanding the workings of the macroeconomy, emphasizing the importance of fiscal policy, monetary policy, and government intervention in achieving full employment and price stability. Drawing on insights from Modern Monetary Theory (MMT), the book challenges conventional economic wisdom and provides alternative frameworks for analyzing economic issues such as unemployment, inflation, and economic growth. With its accessible writing style, clear explanations, and real-world examples, “Macroeconomics” equips students with the knowledge and analytical tools needed to critically evaluate macroeconomic policy debates and make informed judgments about economic policy. Whether you’re a student studying economics or a practitioner working in the field of macroeconomics, this edition serves as an invaluable resource for understanding the complexities of the macroeconomy and the role of government in managing economic activity.