Summary

For courses in Intermediate Macroeconomics. This text traces the history of macroeconomics, the evolution of macroeconomic thought, and the resulting theory and policy. The book places the various macroeconomic theories in the order in which they developed chronologically, and illustrates the similarities and differences of the models. The author admires all points of view and the result is a comprehensive, detailed, unbiased view of modern macroeconomic theory. Would you like a text that effectively compares and contrasts all the competing macroeconomic theories without espousing one particular point of view?