Principles of Macroeconomics: Activist vs. Austerity Policies

Overview

Principles of Macroeconomics by Howard J. Sherman and Michael A. Meeropol differs from other texts in that this book stresses far more the inherent instability of the macro-economy. The details of the business cycle come early and are integrated throughout the core of usual macro topics (C, I, G, X). The book puts inflation into its proper perspective by recognizing that unemployment is the much greater threat to the economic well being of the vast majority of the people. Instead, unemployment and its human toll ...

See more details below
Paperback (New Edition)
$54.43
BN.com price
(Save 9%)$59.95 List Price
Other sellers (Paperback)
  • All (7) from $40.09   
  • New (2) from $64.31   
  • Used (5) from $40.09   
Sending request ...

Overview

Principles of Macroeconomics by Howard J. Sherman and Michael A. Meeropol differs from other texts in that this book stresses far more the inherent instability of the macro-economy. The details of the business cycle come early and are integrated throughout the core of usual macro topics (C, I, G, X). The book puts inflation into its proper perspective by recognizing that unemployment is the much greater threat to the economic well being of the vast majority of the people. Instead, unemployment and its human toll are given far greater emphasis than in other texts. The Keynesian model is fully developed; so is the statistical analysis of Wesley Mitchell. The neoclassical model is covered both in its historical evolution and in its implications for current policy debates. Finally, there is strong coverage of the Euro-zone crisis and its linkages to the United States.

An online Instructor's Manual and Test Bank are available for adopting professors and an additional chapter on Supply and Demand is available free online for students.

Read More Show Less

Editorial Reviews

From the Publisher
"I can think of no better way to introduce students to the study of macroeconomics than to engage them in the current debate about what went wrong with the economy and how best to fix it. That's exactly what Principles of Macroeconomics: Activist vs. Austerity Policies does in chapter after chapter. Sherman is a master of the art of presenting the sources of the instability of the macroeconomy to a general audience. Meeropol carefully places their analysis in the context of the dramatic changes that have so affected our economic prospects, especially rising inequality and financial instability. Together, they offer students a clear and compelling analysis of our economic problems and why austerity policies will make them worse, not better." — John Miller, Wheaton College

"The world economy is facing a critical crossroads. The Great Financial Crisis of 2007 has left many economies on their knees. Many governments—from lack of knowledge or misguided interests—have pursued savage austerity programs that are knocking down these economies and most of the people who inhabit them, rather than building them back up. Principles of Macroeconomics by Howard J. Sherman and Michael A. Meeropol is a crucial antidote to these destructive policies. Teachers and students who use this book will be well educated to understand and participate in these critical decisions that are having such a big impact on our lives." — Gerald Epstein, Professor of Economics and Co-Director, Political Economy Research Institute (PERI)

"Sherman and Meeropol draw upon their close knowledge of real-world economic developments and policy issues to write a very important and timely macroeconomics textbook. In clear, understandable language, the authors trace the historical roots of modern capitalism, explain the central importance of the financial system to macroeconomic outcomes, and address the human costs of economic problems such as unemployment and inequality. They effectively critique the myth of a self-adjusting full-employment equilibrium and the folly of austerity policies. For a readable, relevant, and effective introduction to the modern macroeconomy, Sherman and Meeropol's text is indispensable." — Martin H. Wolfson, University of Notre Dame

"There are two remarkable things about the book ... First, the extraordinary clarity and accessibility of this work (despite its complex material), something that is characteristic of the work of both Sherman and Meeropol. Second, the entire book, as the subtitle indicates, is organized around the debate between radical and austerity economics. Hence, it takes on many of the most important issues related to the Great Financial Crisis in the process of trying to introduce students to basic macroeconomics. We cannot think of a better way to teach this material." — Monthly Review

Read More Show Less

Product Details

  • ISBN-13: 9780765636119
  • Publisher: Sharpe, M. E., Inc.
  • Publication date: 6/15/2013
  • Edition description: New Edition
  • Pages: 400
  • Product dimensions: 7.40 (w) x 9.20 (h) x 1.00 (d)

Meet the Author

Howard Sherman Professor Emeritus of Economics, University of California, Riverside, and Visiting Scholar in Political Science, University of California, Los Angeles, USA.

Michael Meeropol, Professor Emeritus of Economics, Western New England University, USA.

Read More Show Less

Table of Contents

Part I: Basic Issues of Macroeconomics 1. What Is Macroeconomics? 2. Evolution of Capitalism 3. The Classical View of the Macro-Economy 4. The Keynesian Revolution 5. National Income Accounting 6. Classical and Keynesian Graphical Analysis 7. Introduction to Economic Growth 8. Introduction to Business Cycles Part II: Growth and Instability 9. Investment and Profit 10. The Multiplier 11. Employee Income and Profit 12. Consumer Spending 13. Credit and Interest 14. Housing Bubble and Financial Crisis 15. Government Spending, Taxes, and Deficits 16. The Trade Gap 17. Business Cycles Part III: The Global Macro-Economy 18. Globalization and the Spread of Instability 19. The Euro Zone and Currency Issues Part IV: Finance and Monetary Policy 20. Inflation 21. Monetary Policy and Financial Regulation 22. Debates over Monetary Policy Part V: Fiscal Policy and Full Employment 23. Fiscal Policy: How to Stimulate an Economy 24. Fiscal Policy: Austerians and Deficit Hawks vs. Stimulus 25. A Road to Full Employment

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)