Description
Book SynopsisMainstream textbooks present economics as an objective science, free from value judgements. This book demonstrates this to be a myth one which serves to make such textbooks not only off-puttingly bland, but also dangerously misleading in their justification of the status quo and neglect of alternatives.In this much-needed companion volume to the popular
Microeconomics Anti-Textbook, Tony Myatt reveals how the blind spots and methodological problems present in microeconomics continue to exert their influence in mainstream macroeconomics. From a flawed conception of the labour market, to a Pollyana view of the financial sector, macroeconomic principles as they are set out in conventional undergraduate textbooks consistently fail to set out a realistic, useful, or equitable framework for understanding the world.By summarising and then critically evaluating the major topics found in a typical macroeconomics textbook, the Anti-Textbook lays bare their sins of omission and commission
Trade ReviewIf I was still teaching undergraduates, I would definitely use this book! * Roger E. A. Farmer, Distinguished Professor Emeritus at UCLA, USA, and Professor at the University of Warwick, UK *
I have waited nearly a decade for the sequel to one of my favorite academic books and it was worth the wait. Myatt has crafted an easy-to-read book that presents the mainstream view in a clear way on one page and then thoroughly debunks it on the next. His ability to be straightforward and brief is a breath of fresh air in Economics. I used his 'questions for your professor' sections when I was an undergrad and stunned my professors time and time again. I urge you all to do the same. * James Mathew Harris, Educator *
Table of ContentsTables and figures Acknowledgements Preface: What is an “anti” textbook, and why do we need one? Part 1: INTRODUCTION Ch1 What is macroeconomics Ch2 Measurement, mismeasurement and omission Part 2: LONG RUN ECONOMIC GROWTH Ch3 Growth: what we know and what we don’t Ch4 Growth: happiness and inequality Ch5 The financial system: the belly of the beast Part 3: SHORT RUN FLUCTUATIONS Ch6 Short-run macro models: a revolution that misfired Ch7 Fiscal policy: why deficits and debt might not matter Ch8 Money and banking: crony capitalism and the corruption it breeds Ch9 Monetary policy: the fixation on inflation Ch10 Unemployment and inflation: the political economy of unemployment Part 4: CONCLUSION Ch11 Summing Up
