Modern Macroeconomics: Its Origins, Development and Current State

by Brian Snowdon

Modern Macroeconomics More than a decade after the publication of the critically acclaimed A Modern Guide to Macroeconomics, Brian Snowdon and Howard Vane have produced a worthy successor in the form of Modern Macroeconomics. Thoroughly extended, revised and updated, it will become the indispensable text for students and teachers of macroeconomics in the new millennium. Full description

Genres: Economics, History, Nonfiction, Finance, Business, Academic

832 pages, Paperback

First published April 5, 2005

About the author

Senior Teaching Fellow in Economics, Durham business School.

Website

Reviews

[Yousef Chavehpour · Rating 5 out of 5]

کتاب را پاییز 91 خوندم و تمام فصلهایش را با یکی از دوستان اسلاید هم کردیم. بسیار کتاب جامع و جمع و جوری بود از بهترین کتابهای اقتصاد کلان که میشود خواند. حتی قرار بود دنبال ترجمه اش هم باشیم که فرصت نشد و یکسال بعد در یکی از کتابفروشیهای روبرو دانشگاه دیدم که ترجمه شده. به راحتی میشد حدس زد که کافیست این کتاب ترجمه بشه تا هم به عنوان منبع اصلی کنکور دکتری جای خودشو باز کنه و هم نگاه کامل و جامعش به تمام مکاتب اقتصاد کلان مشتاقان به این شاخه را بکشه دنبال خودش.

در کل هر فصل از کتاب مستقل از دیگری است اما سیر تاریخی مکاتب رعایت شده است.فصول کتاب در مورد مجادله بین مکتب کینزی و کلاسیکها،توسعه مکتب کینز،مکتب ادوار تجاری حقیقی،پول گراها،کلاسیکهای جدید،کینزیهای جدید،پسا کینزین ها،اتریشی ها،اقتصاد کلان سیاسی جدید،مدلهای رشد و هر آنچه از کلان میشود شنید . نکته جالب کتاب اینه که فصول پساکینزینها و اتریشیها را دو نفر از متخصصان آن زمینه نوشته اند.از بخشهای لذت بخش کتاب این بود که انتهای فصلها یکی از بزرگان اقتصاد که در آن زمبنه صاحب نظر می باشد را معرفی کرده.در چند صفحه بعدی در مورد اندیشه های طرف و چگونگی وارد شدنش به اقتصاد و رسیدن به اون نظریه و مسائل اقتصاد کلان مصاحبه هایی آورده که بسیار شیرین،آموزنده و جذاب هستند اینجور چیزها لذت خواندن کتاب را بیشتر میکنندو همچنین آشنایی با افراد را افزایش داده و و و و و اما متاسفانه در نسخه فارسی اش که چند دقیقه نگاه کردم چنین چیزی ندیدم شاید به خاطر این بوده که از حجم کتاب کم کنند یا چیز دیگری .

[Mostafa Bushehri · Rating 4 out of 5]

کتابی در زمینه اقتصاد کلان که هرفصل آن اختصاص به یک مکتب اقتصادی و مصاحبه با یکی از بزرگان آن مکتب است (و همچنین بعضی از آنها از برندگان نوبل اقتصادی نیز هستند).
از مکتب کینز تا پول گرایی، کلاسیک‌ها، ادوار تجاری، نوکلاسیک‌ها، نوکینزی‌ها، اتریشی‌ها، اقتصاد رشد، اقتصاد سیاسی و تمام آنچه که به اقتصاد کلان مربوط است.
از نکات جالبِ اقتصاد میتوان به ناهمبستگی و عدم اتفاق نظر اقتصاددانان در زمینه اقتصاد کلان اشاره کرد درحالی که در اقتصاد خرد اتفاق نظر و همبستگی بیشتری بین اقتصاددانان برقرار است. از قضا یکی از سوالاتی که مصاحبه کننده از این افراد میکند نیز همین موضوع است.

اما از کج سلیقگی ویراستار کتاب باید به این نکته اشاره کرد که هیچ تفاوت فونتی، علامت نگارشی و یا چیزی که بشود سوالِ مصاحبه کننده را از پاسخ مصاحبه شونده تمیز داد وجود نداشت.

[Jim · Rating 4 out of 5]

A complete explanation of Macroeconomics for people who need know know it all. IE, if you are taking an advanced Macro course, get this book too.

[John · Rating 4 out of 5]

Good detailed intellectual history of the development of the discipline, the main schools of thought, and key theoretical differences between the various camps.

[Ambrose George · Rating 4 out of 5]

“Modern Macroeconomics: Its Origins, Development and Current State” is a remarkable journey through the evolution of modern economics. As someone who has recently found enlightenment in the complex world of economics, this book resonated with me deeply.

The authors, Brian Snowdon and Howard R. Vane, have meticulously traced the history of modern economics, providing a comprehensive overview of its various developmental stages. They have skillfully dissected the effects of economic cycles, shedding light on what proves to be effective and what turns out to be ineffectual.

The book distinguishes seven different schools of macroeconomic thought: orthodox Keynesianism, orthodox monetarism, the New Classical School, real business cycle theory, new Keynesianism, Post Keynesianism, and the Austrian School. This broad coverage provides a holistic understanding of the field, making it an invaluable resource for both novices and seasoned economists.

What I found particularly compelling was the book’s exploration of the efficacy of government intervention in the economy. The authors present a balanced view, acknowledging the merits of both interventionist and free-market perspectives. This nuanced approach fosters a deeper understanding of the complex dynamics at play in macroeconomics.

Moreover, the book includes interviews with leading representatives of each school of thought, offering unique insights into their perspectives. This feature adds a personal touch, making the content more engaging and relatable.

In conclusion, “Modern Macroeconomics: Its Origins, Development and Current State” is a must-read for anyone interested in understanding the intricacies of modern economics. It’s not just a book; it’s a roadmap to the complex landscape of macroeconomic thought, guiding readers through its twists and turns with clarity and precision. Whether you’re a student, a professional economist, or simply a curious reader, this book is a valuable addition to your library.

[Karl Smithe]

Are economists technological morons?
Is money more important than natural resources & technology? This book mentions GDP but not the word 'gross', so readers must know what GDP is already. NDP & Net Domestic Product do not qualify as relevant to macroeconomics apparently.

The word 'planned' is used 10 times but never as 'planned obsolescence'. Planned obsolescence is the depreciation consumer durables which must be replaced thereby increasing GDP which is the flow of money. The word 'money' is used 600 times but they never suggest mandatory accounting in the schools. Economists love money too much!

[Eregon · Rating 4 out of 5]

یکی از بهترین کتاب های اقتصاد کلان در زمینه بررسی روند تحولات نظریات اقتصاد کلان برای قرن 20 به بعد.
فقط ای کاش یکم نثرش روان تر بود.

[Mahdi Khalil Nejad · Rating 4 out of 5]

باید اول تا حدود به اقتصاد اشراف داشته باشیم
بعد این کتابو خوند
چون با رهبران مکاتب اقتصادی مصاحبه شده و این کتاب متن مصاحبه است

[Sandagdorj · Rating 4 out of 5]

Great history and the Holy Bible of macroeconomics

[Joel Collier · Rating 3 out of 5]

If I I rated this book o the insights I thought it gave me into the 2008, .com, and 1982 recessions, it would get two stars. The schools of thought are not often logically exclusive, so one may give a better picture of one period in history while failing a decade later. What is missing from this book are case studies of disagreements wrt specific historical events.

However, as an explanation of what schools of thought are out there and how academic macroeconomists think, it was revealing. For example, this book gives sufficient context to understand popular quotes from Keynes, Milton, or Hayek—, eg, “In the long run, we are all dead.”

[Praveen Kishore · Rating 5 out of 5]

It is a unique book, which not only tells the story of development of Macroeconomics since its origin after second word war, but is also a reasonably good introduction to macroeconomics in general. Of course, the level of sophistication is not very high, yet it succeeds in what it aims to achieve.
Beautifully written prose, clear exposition, well explained concepts and interconnections make the book valuable. End of chapters interviews with famous macro-economist are interesting, and insightful.
A must read for every serious person interested in economics!

[Daniel Villegas · Rating 5 out of 5]

Best book to organise and conceptualise your Macroeconomics. It's not a basic text because it assumes introductory Macroeconomics as known but it is a great and a very complete intermediated text.

[Leman · Rating 5 out of 5]

Very interesting, well-explained and comprehensive guide to different schools of macroeconomic thought in twentieth century.