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Macroeconomics
An economist must be “mathematician, historian, statesman, philosopher,
in some degree . . . as aloof and incorruptible as an artist, yet sometimes
as near the earth as a politician.” So remarked John Maynard Keynes,
the great British economist who, as much as anyone, could be called the father
of macroeconomics. No single statement summarizes better what it means to be
an economist.
As Keynes’s assessment suggests, students who aim to learn economics need to
draw on many disparate talents. The job of helping students find and develop these
talents falls to instructors and textbook authors. When writing this textbook for
intermediate-level courses in macroeconomics, my goal was to make macroeconomics
understandable, relevant, and (believe it or not) fun. Those of us who have
chosen to be professional macroeconomists have done so because we are fascinated
by the field. More important, we believe that the study of macroeconomics
can illuminate much about the world and that the lessons learned, if properly
applied, can make the world a better place. I hope this book conveys not only our
profession’s accumulated wisdom but also its enthusiasm and sense of purpose.
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