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This book gives a comprehensive account of traditional and more recent developments in macroeconomic theory. It is primarily written for students at the intermediate level. The book differs from the customary expositions in that the authors do not discuss topic by topic, but doctrine by doctrine. Thus, the main approaches, such as Classical theory, Keynesian theory, theory of portfolio selection, monetarism, rational expectations theory, and N...

This book gives a comprehensive account of traditional and more recent developments in macroeconomic theory. It is written primarily for students at the intermediate level. The book differs from the customary expositions in that the authors do not discuss topic by topic but orthodoxy by orthodoxy. Thus, the main approaches, like Classical theory, Keynesian theory, theory of portfolio selection, Monetarism, Rational Expectations theory, and Neo...