This introductory textbook provides a broad introduction to the field of macroeconomics and the alternative approaches to modelling an economic system. Adopting a pluralistic approach, it rigorously analyzes the theories and policies proposed by the classical and neoclassical, Marxian, institutionalist, Keynesian and post-Keynesian schools of thought. It critically examines fiscal, monetary, and regulatory policies prescribed by the different schools, exploring the intricate links between the economy, society and nature. It ultimately demonstrates that economic modelling is always a matter of choice and compromise, and no one school of thought can accurately capture the full essence of a real evolving economic system under all circumstances, in all places, and at all times in history.

Key Features:

• 
  
  
• Presents a realistic picture of human behavior based on empirical evidence
• 
  
• Discusses alternative approaches to modelling an economic system, and outlines the advantages and weaknesses of each
• 
  
• Draws on diverse schools of thought and other scientific disciplines to explain the changes in the functioning of the economic system
• 
  
• Focuses on how macroeconomic policies can be improved in a time of growing economic inequality and insecurity, with numerous ecological stresses and contradictions

Interdisciplinary in scope, this textbook will prove essential to scholars, researchers and students of economics and finance, particularly those interested in international economics, political economy, evolutionary economics, and radical and feminist economics. Economists and social scientists seeking alternative approaches to macroeconomics will equally benefit from this fundamental resource.

Book Information
ISBN 9781035322350
Author Hendrik Van den Berg
Format Paperback
Page Count 516
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd