10 Great Books on Macroeconomics 1) A Monetary and Fiscal History...
Michael Thrower Chowdhury@BevansAdvocate
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Nov 24, 2024
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10 Great Books on Macroeconomics
1) A Monetary and Fiscal History of the United States 1961-2021 - Alan Blinder
A terrific work by a leading economist and former central banker. Candid, insightful and often funny, the discussions on academia vs practice are particularly good.
1) A Monetary and Fiscal History of the United States 1961-2021 - Alan Blinder
A terrific work by a leading economist and former central banker. Candid, insightful and often funny, the discussions on academia vs practice are particularly good.
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2) House of Debt - @AtifRMian + @profsufi
Great macroecon book even if you're not an economist, detailing how debt can destabilise economies and proposing we restructure in favour of more risk sharing. Well elaborated testing of economic hypotheses as well.
Great macroecon book even if you're not an economist, detailing how debt can destabilise economies and proposing we restructure in favour of more risk sharing. Well elaborated testing of economic hypotheses as well.
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3) Between Debt and the Devil - Adair Turner
An incredibly interesting analysis of the role of debt in the modern economy, and the potential use of debt monetisation as a macroeconomic tool. Importantly focuses on privately created debt as well.
An incredibly interesting analysis of the role of debt in the modern economy, and the potential use of debt monetisation as a macroeconomic tool. Importantly focuses on privately created debt as well.
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4) The Great Demographic Reversal - Goodhart + Pradhan
Wonderful grand narrative. Argues that the aging of the world population can explain macroecon trends over the past decades and into the future. As the global workforce declines, labour's power may become stronger.
Wonderful grand narrative. Argues that the aging of the world population can explain macroecon trends over the past decades and into the future. As the global workforce declines, labour's power may become stronger.
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5) Keynes: The Return of the Master - Robert Skidelsky
Beautifully written defence of keynesianism right after gfc. This work brilliantly presents Keynes' original argument in the General Theory explains fundamental uncertainty and liquidity preference v well.
Beautifully written defence of keynesianism right after gfc. This work brilliantly presents Keynes' original argument in the General Theory explains fundamental uncertainty and liquidity preference v well.
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6) The Declining Worker Power Hypothesis - @annastansbury + Summers
An interesting recent paper, this work proposes an alternative explanation for the rising markups we seem to be observing: positioning worker power, not level of competition at centre.
nber.org/papers/w27193
An interesting recent paper, this work proposes an alternative explanation for the rising markups we seem to be observing: positioning worker power, not level of competition at centre.
nber.org/papers/w27193
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7) The Rise and Fall of American Growth - Robert J Gordon
Gordon's charting of American technological change puts current debates in perspective. Though some describe him as a "techno-pessmist", his pessimism largely due to knowing just how dramatic past changes were.
Gordon's charting of American technological change puts current debates in perspective. Though some describe him as a "techno-pessmist", his pessimism largely due to knowing just how dramatic past changes were.
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8) Fully Grown - Dietrich Vollrath
A terrific, and highly accessible account of the productivity slowdown. Argues the primary drivers are signs of economic 'success': aging population and shift to services. Brilliant intro to growth accounting.
A terrific, and highly accessible account of the productivity slowdown. Argues the primary drivers are signs of economic 'success': aging population and shift to services. Brilliant intro to growth accounting.
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9) Animal Spirits - @RobertJShiller + Akerlof
'Behavioural Macroeconomics' doesn't get talked about a lot but this is a great intro, detailing how BE can explain key elements in macroecon cycles. Written right after the GFC, it's definitely worth reading.
'Behavioural Macroeconomics' doesn't get talked about a lot but this is a great intro, detailing how BE can explain key elements in macroecon cycles. Written right after the GFC, it's definitely worth reading.
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10) The Economic Consequences of the US Mobilisation for the Second World War - Alexander J Field
A fantastic work reassessing the long run growth effects of WW2 on the USA. Interesting implications for growth theory and TFP calculation
A fantastic work reassessing the long run growth effects of WW2 on the USA. Interesting implications for growth theory and TFP calculation
