Overview

Mainstream textbooks present economics as an objective science, free from value judgements. This book demonstrates this to be a myth – one which serves to make such textbooks not only off-puttingly bland, but also dangerously misleading in their justification of the status quo and neglect of alternatives. In this much-needed companion volume to the popular Microeconomics Anti-Textbook, Tony Myatt reveals how the blind spots and methodological problems present in microeconomics continue to exert their influence in mainstream macroeconomics. From a flawed conception of the labour market, to a Pollyana view of the financial sector, macroeconomic principles as they are set out in conventional undergraduate textbooks consistently fail to set out a realistic, useful, or equitable framework for understanding the world. By summarising and then critically evaluating the major topics found in a typical macroeconomics textbook, the Anti-Textbook lays bare their sins of omission and commission, showing where hidden value judgements are made and when contrary evidence and alternative theories are ignored. The Macroeconomics Anti-Textbook is the student's essential guide to decoding mainstream macroeconomic textbooks, and demonstrating how real-world economics are much more interesting than most economists are willing to let on.

Full Product Details

Author:   Tony Myatt
Publisher:   Bloomsbury Publishing PLC
Imprint:   Bloomsbury Academic
ISBN:  

9781350323711

ISBN 10:   1350323713
Pages:   408
Publication Date:   17 November 2022
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Tables and figures Acknowledgements Preface: What is an “anti” textbook, and why do we need one? Part 1: INTRODUCTION Ch1 What is macroeconomics Ch2 Measurement, mismeasurement and omission Part 2: LONG RUN ECONOMIC GROWTH Ch3 Growth: what we know and what we don’t Ch4 Growth: happiness and inequality Ch5 The financial system: the belly of the beast Part 3: SHORT RUN FLUCTUATIONS Ch6 Short-run macro models: a revolution that misfired Ch7 Fiscal policy: why deficits and debt might not matter Ch8 Money and banking: crony capitalism and the corruption it breeds Ch9 Monetary policy: the fixation on inflation Ch10 Unemployment and inflation: the political economy of unemployment Part 4: CONCLUSION Ch11 Summing Up

Reviews

If I was still teaching undergraduates, I would definitely use this book! * Roger E. A. Farmer, Distinguished Professor Emeritus at UCLA, USA, and Professor at the University of Warwick, UK * I have waited nearly a decade for the sequel to one of my favorite academic books and it was worth the wait. Myatt has crafted an easy-to-read book that presents the mainstream view in a clear way on one page and then thoroughly debunks it on the next. His ability to be straightforward and brief is a breath of fresh air in Economics. I used his 'questions for your professor' sections when I was an undergrad and stunned my professors time and time again. I urge you all to do the same. * James Mathew Harris, Educator *

Author Information

Tony Myatt is a Professor of Economics in the Department of Economics at the University of New Brunswick’s Fredericton campus, Canada.

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