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 | | Principles of Macroeconomics, Third Edition by Joseph E. Stiglitz, Carl E. Walsh ISBN-10: 9780393975192 ISBN-10: 0-393-97519-3 ISBN-13: 9780393975192 ISBN-13: 978-0-393-97519-2 Paperback 2002-03 W. W. Norton & Company Find Lowest Price |
Editorials | ||
Product Description For the Third Edition, 2001 Nobel laureate Joseph Stiglitz joins forces with new co-author Carl Walsh, who brings both economic expertise and teaching savvy to the project. Together, Stiglitz and Walsh thoroughly integrate contemporary economics into the traditional curriculum. Recognizing the limitations of the traditional AS/AD model, the authors offer an improved framework for the analysis of macroeconomic fluctuations. This approach emphasizes the role of the Fed and the federal funds market in the determination of short-term interest rates. The result is an analysis of fluctuations in inflation/output space and a model reflecting the real world of macroeconomics that students encounter in the business press and other media. | ||
Reviews | ||
A excellent study of macroeconmics Joseph Stiglitz has written an excellent introduction to macroeconomics, including a complete introduction to ISLM economic theory at full employment and with significant unemployment. There is an excellent introduction to monetary theory by this nobel laureate economist and former official of the World Bank. This is a book that undergraduates students and teachers can appreciate. Conservative proponents should recognize that learning from a master economist no less worthy than appreciating the wisdom J.M. Keynes or James Tobin. | ||
most biased, left-wing econ book out there Sitglit-Walsh macroecon book is the most biased econ text in the market. It is riddled with conceptual mistakes (I'm an econ professor), and the fundamentals are presented with flaws. One sales rep told me that the book is really meant to serve the liberal, left-wing leaning students/instructors. We had to chunk the book in the middle of the semester and went with another. What a waste of money for students and my time. | ||