Intermediate Macroeconomics

This insightful textbook offers a comprehensive critique of neoclassical economics, presenting a detailed and accessible discussion of major macroeconomic issues. Intermediate Macroeconomics highlights the need for an alternative framework to demonstrate the irrelevance of mainstream economic theory and its inability to provide satisfactory responses to the continuing challenges of modern economies. Topics covered include the role of commercial banks and the central bank, unemployment and inflation, fiscal policy, monetary policy and worsening worldwide inequality. Key Features: Presents exam questions at the end of each chapter to highlight key learnings and direct further discussion Outlines clear explanations of fiscal policy concepts and their application in a post-Keynesian context Brings together an array of esteemed heterodox economic scholars to discuss important macroeconomic concerns Debates the strengths and weaknesses of neoclassical economics and showcases credible heterodox alternatives Provides an accessible heterodox analysis of macroeconomics, relating financial theory to prevalent issues in society This book is an essential text for undergraduate and masters students in economics, in particular post-Keynesian economics. It is also an excellent resource for post-Keynesian and non-mainstream economic researchers and practitioners.