Description

Book Synopsis
This book provides an understanding of the aggregate economy based on the decision calculus of the individual economic “agent” – consumer, worker, and investor. The exposition is micro-oriented through Chapter 8 but then delves into macro considerations of market failure resulting from a misinterpretation of price signals by workers or employers (Chapters 9-12). The book concludes (Chapters 13-14) with a review of recent economic history and of how that history can be explained by the theory laid out in the book. NEW TO THIS EDITION: A consideration of “modern monetary theory.” Reduction in the space given to “suppressed inflation.”

Macroeconomics

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    A Paperback / softback by David G. Tuerck

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      Book details

      Publisher Business Expert Press
      Published 28 February 2021
      ISBN-13 9781953349248
      978-1953349248
      ISBN-10 1953349242
      Also in:
      Macroeconomics

      Description

      Book Synopsis
      This book provides an understanding of the aggregate economy based on the decision calculus of the individual economic “agent” – consumer, worker, and investor. The exposition is micro-oriented through Chapter 8 but then delves into macro considerations of market failure resulting from a misinterpretation of price signals by workers or employers (Chapters 9-12). The book concludes (Chapters 13-14) with a review of recent economic history and of how that history can be explained by the theory laid out in the book. NEW TO THIS EDITION: A consideration of “modern monetary theory.” Reduction in the space given to “suppressed inflation.”

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