Understanding Modern Macroeconomics: Resources, National Income, Employment and Unemployment, Growth and Wealth, Inflation, Government Policies, Money

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Overview

This book explains modern macroeconomics. It does not use equations, graphs, diagrams or footnotes. The book is designed to make modern macroeconomics available to those who never had a university course in economics or who had one years ago, now little remembered. The book is non-technical. Since readers are busy, the book is purposely confined to about a hundred pages. It seeks to combat the lack of literacy in basic macroeconomics that is all too evident among Americans. It covers a series of important subjects: resources; national output; living standards; economic growth; employment and unemployment; money and interest rates; inflation; government; deficits and debt; international; productivity; incentives; expectations; income distribution; asset markets; business fluctuations; creative destruction; planning horizons; international convergence; and more.