Название: Common Sense Macroeconomics Автор: Ravi Batra Издательство: World Scientific Publishing Год: 2020 Страниц: 377 Размер: 17,53 МБ Формат: PDF Язык: English
In a world of negative interest rates, extreme inequality and trillion-dollar budget deficits, it is safe to say that conventional macroeconomics needs an overhaul. Common Sense Macroeconomics is an innovative guide to various concepts of macroeconomic analysis. Presented in a student-friendly and accessible way, this textbook is an ideal introduction to all who seek to foresee economic developments and address some of the key problems of our time. Specifically, this book innovates as follows. Ravi Batra, a Professor of Economics at Southern Methodist University and known for his accurate forecasts such as the 2008 crash, argues that the goal of macroeconomics is to raise the living standard of all, not just a privileged few. Contrary to popular belief, relentless monetary expansion to finance budget deficits actually makes the rich richer and the poor poorer, which has been happening all over the world. Ethical policies and efficiency that create general prosperity go together. In order to increase everyone's income, governments should generate competition and outlaw mergers among large and profitable firms. Inequality arises from monopoly capitalism, because then wages lag behind productivity and generate a rising wage–productivity gap. This is the ultimate source of almost all economic troubles and imbalances. While the growing gap is inherently unfair, it also leads to vast income disparity and wealth concentration, stock market bubbles and crashes, recessions and eventually depressions. It is the rise in the wage gap that preceded the Great Depression of the 1930s and now the Great Recession of 2008. Hence governments should not stifle competition and vigorously enforce anti-trust laws. Macroeconomic equilibrium nowadays requires that Supply = Demand + New Debt
Macroeconomics, Thirteenth Edition Название: Macroeconomics, Thirteenth Edition Автор: Roger A. Arnold Издательство: Cengage Learning Год: 2019 Формат: PDF Страниц: 611 Размер: 21,29...
Macroeconomics, Sixth Edition Название: Macroeconomics, Sixth Edition Автор: Stephen D. Williamson Издательство: Pearson Education Год: 2018 Формат: PDF Для сайта: Mirknig.su ...
Principles of Macroeconomics , Sixth Edition Название: Principles of Macroeconomics , Sixth Edition Автор: N. Gregory Mankiw Издательство: South-Western, Cengage Learning Год: 2012 Формат: PDF...
Brief Principles of Macroeconomics, 5th Edition Название: Brief Principles of Macroeconomics, 5th Edition Автор: N. Gregory Mankiw Издательство: South-Western, a part of Cengage Learning Год: 2009...
Macroeconomics Global Edition Название: Macroeconomics Global Edition Автор: Olivier Blanchard Издательство: Pearson Год: 2017 Формат: True PDF Страниц: 580 Размер: 10 Mb Язык:...
Навигация
Вход на сайт
Реклама
Common Sense Macroeconomics 
