Macroeconomics: An Introduction

Book Details:

• Author: Alex M. Thomas

• Publisher: Cambridge University Press

• Language: English

• ISBN: 9781108731997

• Pages: 250

• Binding: Paperback

• Dimensions: 9.0 x 5.9 x 0.7 inches

About The Book:

Macroeconomics: An Introduction by Alex M. Thomas offers a fresh and engaging approach to understanding macroeconomic issues. Published by Cambridge University Press, this 250-page paperback edition, released on 30th September 2021, introduces readers to an alternative way of conceptualizing macroeconomics, inspired by the works of influential economists like Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, and Piero Sraffa. The book critically examines mainstream marginalist macroeconomics and provides a historical context to economic theories.

The book explores key macroeconomic concepts, including theories of money and interest rates, output and employment levels, and economic growth. It concludes with a policy template aimed at addressing critical macroeconomic issues such as unemployment and inflation. The discussion is contextualized within the Indian economy, and the author enhances the analysis with excerpts from works of fiction by Indian authors. This makes the book not only a comprehensive resource for students but also a unique read that connects theoretical concepts with real-world context.