Macroeconomics in Context

"Macroeconomics in Context excels at presenting macroeconomic theory in a way that students can understand. As a bonus, it exposes students to issues--such as the environmental costs of production and the wider determinants of well-being--that soon will be at the center of economic policy-making." -- Eric Nilsson, California State University, San Bernardino

"Macroeconomics in Context is the best text I've seen for undergraduate teaching. By paying attention to the challenges we face today, such as environmental degradation and social issues, it lets students readily see why [the subject of] economics is important to learn. This text gives students the basics while raising questions about how we can do better." -- Valerie A. Luzadis, SUNY College of Environmental Science and Forestry, Syracuse

"After reviewing fourteen macroeconomics textbooks, looking for an alternative to obsolete ideas of infinite GDP growth with little consideration of environmental or social costs, I selected Macroeconomics in Context. ... This was the only book I found that covers mainstream theory while putting it into a social and environmental context--a much needed updated approach to macroeconomics." -- Gary Flomenhoft, University of Vermont

"I like this text very much. I like that environmental concerns are part of the discussion. I also like the no-frills presentation and the low price." -- Tom White, Assumption College (on the previous edition)

'This book is a truly Europeanised version of the well-established introductory textbook by Goodwin et al. which enriches the common narrative of economics by adding further perspectives and analytical approaches without being confusing or too complex. The European version contains a wealth of new content on debt and deficits, economic policies, institutions and actors in the European Union. The book will surely support students in gaining a profound, practical and multi-angled knowledge of economic issues which they can apply to understand and analyse real-world phenomena, like the emergence and evolution of the recent financial and euro crises which has so dramatically influenced European economies.’ — Prof. Dr. Torsten Niechoj, Rhine-Waal University of Applied Sciences, Kamp-Lintfort, Germany

‘An excellent source for lecturers who are struggling with teaching economics inside the straightjacket offered by the usual mainstream textbooks; it makes both studying and teaching more enjoyable, vision-broadening and real-life embedded by discussing issues within the historical, social and environmental contexts.’ — Associate Professor Derya Gultekin-Karakas, Istanbul Technical University, Turkey.

‘The new edition of Macroeconomics in Context is the best English language introductory macro textbook with a focus on Europe. Three unique features make it outstanding: first, the "contextual" approach – viewing economy as embedded in society, nature, institutions and policies; second, a thorough focus on the European Union; third, a response to the quest for more pluralism in theories, with both Keynesianism and mainstream macro plus related controversies.’ — Jan Priewe, Professor (em.), HTW Berlin – University of Applied Sciences, Germany

‘For decades there has been a lack of a relevant and pluralist introductory textbook to macroeconomics with a focus on the European economy. The European edition of Macroeconomics in Context fills this gap, and I hope it will be widely used in classrooms.’ — Eckhard Hein, Professor of Economics and Co-Director of the Institute for International Political Economy (IPE), Berlin School of Economics and Law, Germany.

’The long financial and economic crisis was a test for governance but also science. Gaps between economic doctrines and the real world were exposed. This book offers a fresh and accessible introduction to the principles and methods of macroeconomics and builds on them a lucid overview of current policy issues from euro area imbalances to sustainable growth.’ — László Andor, Head of Department of Economic Policy, Corvinus University, Budapest; former EU Commissioner for Employment, Social Affairs and Inclusion.