Big Ideas in Macroeconomics: A Nontechnical View
This fine book succeeds very nicely at its stated task: to explain the standard macroeconomic theory used by central banks around the world without equations. This book is complex and sophisticated, yet clearly and transparently written. The author is honest concerning the weaknesses of this model, but confident that most can be overcome in the future. If you have heard the chorus of critics since the financial crisis of 2008, and if you are serious about understanding the issues, this is a good place to start.(Herbert Gintis, Santa Fe Institute)Using only the English language, Kartik Athreya conveys to a nonspecialist audience what modern macroeconomists do, why we do it using specific rules of engagement, and why we end up thinking what we think.Big Ideas in Macroeconomicsis to my knowledge the only book of its kind.(Mark Huggett, Professor of Economics, Georgetown University)