Lectures on Macroeconomics
Author: Stanley Fischer, Olivier J. Blanchard
List Price: $70.00
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ISBN: 0262022834
Publisher: MIT Press (21 March, 1989)
Sales Rank: 67,102
Average Customer Rating: 3.25 out of 5
Customer Reviews
Rating: 1 out of 5
Worst Book on Economics
Some people seem to mistake bad writing for brilliance in content. The reason that many reviews seem to have trouble understanding some of the contents in the book should be an argument against the book, not an argument for its technical difficulties derived from some people's own uncertainty about their skills in maths.
I thoroughly advise people not to waste time looking into this book, let alone buy it which will be a waste of money as well.
I have not found a perfect macroeconomics textbook yet. But David Romer's Advanced Macroeconomics is much better than this one in every way.
Rating: 5 out of 5
Broad macro theory at your hands!
I loved this book since I first read it. It's a complete book in terms of modern macroeconomic theory topics covered and in the treatment of them. The authors have focused in modern development in the field and have tried to gather a significant collection of models and theories which explain several aspects of the macroeconomic analysis (just check the index to find out all that you can read here!).
A drawback of this book is that it's kinda specialized in modern macro development and its methods: it assumes that the reader knows about basic macro theory, macro models, has strong mathematical foundations (calculus, systems of equations, optimum control theory, etc.) AND is used to the kind of relationship economists do between models and real life. This is NOT a book of macroeconomic policies, like how to manage a nation's deficit in the public budget, or so; but researches could find here the basis for developing more specific recommendations and policies to address such problems.
Rating: 3 out of 5
Three stars with a caution
While this book is certainly a standard in graduate programs as a survey of modern theory, most people do not want a survey of modern theory from this perspective. This book has garnered itself three stars because of the difficulty of covering the spectrum of macro theory. Even for a graduate student in economics I am not ashamed to say that this book gave me a lot of trouble because of its prose style. This is a book that truly assumes familiarity not with economics but with macro theory, that is the systems of equations and methods. For some one wanting a self-teaching guide for macroeconomics I would recommend trying to find a general audience book, but for a survey of macroeconomics past the undergraduate level I recommend David Romer's Advanced Macroeconomics. Not that AM is ideal either but it is easier to follow. Similar Products
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