An Introduction to Macroeconomics

A Heterodox Approach to Economic Analysis

2nd edition

Edited by Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor of Review of Political Economy and Founding Editor Emeritus, Review of Keynesian Economics and Sergio Rossi, Full Professor of Economics, University of Fribourg, Switzerland

The second edition of this important textbook introduces students to the fundamental ideas of heterodox economics. It is written in a clear way by top heterodox scholars. This introductory book offers not only a critique of the dominant approach to economics, but also presents a positive and constructive alternative. Students interested in an explanation of the real world will find the heterodox approach not only satisfying, but ultimately better able to explain a money-using economy prone to periods of instability and crises.

‘The challenges of ameliorating enduring inequalities and supporting an inclusive recovery from the Covid-19 crisis necessitate new understandings of macroeconomic dynamics and policy innovations. This invaluable volume brings together some of the world’s leading macroeconomists to advance these critical aims at what may turn out to be a turning point in the profession.’
– Ilene Grabel, University of Denver, US, author of When Things Don’t Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence

‘Now that this excellent heterodox book is into a second edition there are only two choices; read it, or continue to be “deceived by economists”.’
– John Smithin, York University and Aurora Philosophy Institute/Institut philosophie Aurora, Canada

2021 c 704 pp Paperback 978 1 78990 116 0 £40.00 £32.00 $65.00 $52.00
2021 c 704 pp Hardback 978 1 78990 114 6 £115.00 £103.50 $185.00 $166.50

Elgaronline 978 1 78990 115 3

Edward Elgar Publishing Ltd. is registered in the UK at: The Lypiatts, 15 Lansdown Road,
Cheltenham, Glos GL50 2JA. Registered number: 2041703

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