An Introduction to Macroeconomics

The second edition of this important textbook introduces students to the fundamental ideas of heterodox economics. It is written in a clear way by top heterodox scholars. This introductory book offers not only a critique of the dominant approach to economics, but also presents a positive and constructive alternative. Students interested in an explanation of the real world will find the heterodox approach not only satisfying, but ultimately better able to explain a money-using economy prone to periods of instability and crises.Key features of this textbook include:A non-conventional understanding of economic analysis on a number of relevant topicsA new analysis of the state of macroeconomicsDeep and convincing criticism of orthodox thinkingDiscussion of the crucial importance of money, banking and finance todayNew discussions of the theories of consumption and investmentAnalysis of the roots of the 2008 global financial crisisA presentation of the features of sustainable development.Students of economics at all levels can use this textbook to deepen their understanding of the heterodox approach, the fundamental roots of the 2008 global financial crisis and the need to rethink economics afresh.…