Modern Macroeconomics: Its Origins, Development And Current State

The main aim of our new book, as reflected in its title, is to consider the origins, development and current state of modern macroeconomics in a manner appropriate for intermediate undergraduates taking courses in macroeconomics. As such we have assumed that such students will already have a firm grasp of basic economic principles and be familiar with introductory macroeconomic theories and models as developed, for example, in textbooks such as those by Abel and Bernanke (2001), Blanchard (2003), or Mankiw (2003). This book should, however, also prove useful to students taking other undergraduate economics courses, most notably in the history of economic thought, as well as economic history. For......