Principles of Macroeconomics

Principles of Macroeconomics has been thoroughly revised, simplified, and updated for the Fourth Edition.

Co-written by Joseph Stiglitz, winner of the Nobel Prize for his research on imperfect markets, and Carl E. Walsh, one of the leading monetary economists in the field, Principles of Macroeconomics is the most modern and accurate text available.

Principles of Macroeconomics has been thoroughly revised, simplified, and updated for the Fourth Edition.

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Designed for a one-semester course, this introductory textbook presents the basic concepts of macroeconomics, describes the full- employment model, considers macroeconomic fluctuations, outlines the financial system, and addresses controversies concerning government policy. The skills needed for understanding economic analysis and policy debates are emphasized. A glossary defines key terms. Stiglitz teaches at Columbia University. Walsh teaches at the University of California, Santa Cruz. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Winner of the 2001 Nobel Memorial Prize for Economics, Joseph E. Stiglitz is the author of Making Globalization Work; Globalization and Its Discontents; and, with Linda Bilmes, The Three Trillion Dollar War. He was chairman of President Clinton's Council of Economic Advisers and served as senior vice president and chief economist at the World Bank. He teaches at Columbia University and lives in New York City.

Carl E. Walsh is professor of economics at the University of California, Santa Cruz. He is widely known for his research in monetary economics and is the author of a leading graduate text, Monetary Theory and Policy (MIT Press). Before joining the Santa Cruz faculty, Professor Walsh was senior economist at the Federal Reserve Bank of San Francisco, where he continues to be a visiting scholar.