Macroeconomics FROM THE PUBLISHER
Second Edition.The core of the principles course has been around for more than 100 years, and other important elements, especially part of the theory of the firm and Keynesian macro-economics, have been with us for more than 50 years. But economics has also been developing and changing rapidly during the past few decades. All principles texts pay some attention to these more recent developments, but none has succeeded in integrating the new and traditional. My goal has been to incorporate new ideas-game theory, the modern theory of the firm, information, and public choice-into the body of timeless principles.
FROM THE CRITICS
Booknews
A standard macroeconomics text, revised to change the balance of the coverage of national income accounting, giving greater prominence to a discussion of the validity of the GDP as a measure of economic well- being; to simplify and streamline the initial presentation of the aggregate demand-aggregate supply model; and to give enhanced prominence to the role of financial deregulation in the macroeconomy. The coverage of economies in transition provides a framework for understanding events in Eastern Europe, the former Soviet Union, and China as these countries change their economic systems and open their markets to international influences. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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