Pluralistic critical coverage of macro thought, with both mainstream neoclassical principles and the MMT alternative defined and discussed in detail
Valuable historical context is provided, showing the evolution of macroeconomics and the emergence and divergence of the different schools
A focus on the realities of how money and banks operate, and on applied theories of financial instability, gives an unrivalled real-world insight into how the economy actually works
Truly global approach and perspective, with a high-profile author team drawn from the US and Australia and a wealth of data and examples drawn from across the globe