In the Eighth Edition of Macroeconomics, Robert Gordon provides an authoritative explanation of the performance of the U.S. economy in the 1990s, while focusing on real-world applications of the core theory. In this new revision, the author retains and refines the pedagogical features that have helped a whole generation of students to learn macroeconomics. Hallmarks of the Gordon text, such as its strong international focus, emphasis on real-world applications, and early, unified treatment of the IS-LM model have earned it extensive praise from instructors and students alike. The Eighth Edition includes coverage of the most current domestic and international issues, including the "Goldilocks" American economy of the 1990s (not "too hot" or "too cold" but "just right"), the federal government budget surplus, the Asian financial crisis, and the euro, making this one of the most current texts available.
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Robert J. Gordon is Stanley G. Harris Professor in the Social Sciences and Professor of Economics at Northwestern University. He holds a bachelor's degree from Harvard University, after which he attended Oxford University in England on a Marshall Scholarship. He received his PhD from the Massachusetts Institute of Technology. He taught at Harvard and the University of Chicago before moving to Northwestern in 1973, where he has taught for more than thirty years and where he was the chair of the Department of Economics from 1992 to 1996. Professor Gordon is one of the world's leading experts on inflation, unemployment, and productivity growth. His recent research includes work on the rise and fall of the New Economy, the U.S. productivity growth revival, and the recent stalling of European productivity growth. He is the author of several books, more than 100 scholarly articles, and more than 60 published comments on the research of others. He is a research associate at the National Bureau of Economic Research (NBER), a research fellow of the Centre for Economic Policy Research in London, a Guggenheim Fellow, a fellow of the American Academy of Arts and Sciences, and a fellow of the Econometric Society.
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