Here are a few editions of the book:
The text challenges the "neoliberal" consensus that has dominated economic policy for decades. macroeconomics william mitchell pdf
In his book, "Macroeconomics: An Introduction" (co-authored with Lillian Duran), Mitchell provides a comprehensive overview of post-Keynesian macroeconomic theory. The book covers topics such as the nature of the economic system, the role of money and finance, and the causes of unemployment. Mitchell's approach emphasizes the importance of understanding the institutional and structural features of the economy, rather than relying on abstract, ahistorical models. Here are a few editions of the book:
" (2019), co-authored with L. Randall Wray and Martin Watts. It is widely recognized as the first comprehensive university-level textbook to develop a macroeconomic model based on from the ground up. Core Principles & Content It is widely recognized as the first comprehensive
The book is organized into several parts, covering:
The textbook introduces the concept of "Functional Finance." Instead of aiming for a specific budget balance (like a balanced budget), fiscal policy should aim for specific outcomes (full employment, price stability).