Sunday, May 20, 2012

Macroeconomics (Mcgraw-Hill) Review

Macroeconomics (Mcgraw-Hill)
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In comparison with other macroeconomic texts around it should get 5 stars. It starts with a historical perspective of the crisis in economics at the time of Keynes, setting the picture for why anyone bothered to invent macroeconomics in the first place. It then rapidly proceeds to introduce the major schools of macroeconomics and to develop the relevant ideas and models. It is an ideal introduction for the interested or serious student and manages to be exciting as well as fairly comprehensive. If you're taking an introductory macroeconomics course, get this book instead of your text. If you're coming from outside the economics profession and have a mind of your own, this ones for you.

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Samuelson's text was first published in 1948, and it immediately became the authority for the principles of economics courses. The book continues to be the standard-bearer for principles courses, and this revision continues to be a clear, accurate, and interesting introduction to modern economics principles. Bill Nordhaus is now the primary author of this text, and he has revised the book to be as current and relevant as ever.

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