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"Macroeconomics has always played host to contesting schools of thought, but recent events have exacerbated those differences. To fully understand the subject, students need to be aware of these controversies. Rethinking Macroeconomics: A History of Economic Thought Perspective introduces students to the key schools of thought, equipping them with the knowledge needed for a true understanding of today's economy. The text guides the reader through multiple approaches to macroeconomic analysis before presenting the data for several critical economic episodes, all in order to explore which analytical method provides the best explanation for each event. It covers key background information on topics such as the basics of supply and demand, macroeconomic data, international trade and the balance of payments, the creation of the money supply, and the global financial crisis. This anticipated second edition contains new chapters on Modern Monetary Theory, the Japanese economy, the European Union and the coronavirus crisis, bringing the story up to date and broadening the international coverage. Offering the context that is missing from existing introductory textbooks, this work encourages students to think critically about received economic wisdom. This is the ideal complement to any introductory macroeconomics textbook and is ideally suited for undergraduate students who have completed a principles of economics course. The book is fully supported with additional online resources, which include lecture slides and an instructor manual. John F. McDonald is Adjunct Professor of Economics at Temple University, USA, Emeritus Professor of Economics at the University of Illinois at Chicago, and Gerald W. Fogelson Distinguished Chair in Real Estate Emeritus at Roosevelt University"--

"The factors that determine growth at the industry level are different for innovative versus mature industries. Growth industries rely on high-quality workers, access to capital, technical change, and numerous forms of collected economies. Mature industries concentrate on low-input costs and minimizing costs for wages, transportation, taxes, material, etc. This approach is adopted here to consider the growth and development of metropolitan economies.In twelve chapters, eminent scholars provide a complete review of what works - and what doesn't - in generating economic development. What are the potential and the reality of producer services, suburban business centers, enterprise zones, technology-based ventures, and industrial incubators? How can economic development policy improve the incubator effect? Is there a nationwide venture capital network? What are the locational requirements of firms in high-growth industries? Finally, what are the consequences of failed growth? This comprehensive collection includes chapters by Edwin S. Mills; Patricia E. Beeson; Mark A. Satterthwaite; Breandan O hUallachain John F. McDonald; William B. Beyers; Truman A. Hartshorn; Peter O. Muller; Rodney A. Erickson; Richard Florida; Donald F. Smith, Jr.; Claudia Bird Schoonhoven; Kathleen M. Eisenhardt; Stephen Nord; Robert G. Sheets; and Thomas R. Hammer. This workis a must read for policymakers, planners, analysts, and students."--Provided by publisher.

Some useful economic models in prose -- Chicago and the development of the old Northwest -- The second city : 1900-1930 -- Depression and war -- Chicago in 1950, and a look ahead -- Postwar growth and suburbanization : 1950-1970 -- The decades of urban crisis -- The old century ends on a high note, and a new century begins

This book will change the way Americans think about their cities. It provides a comprehensive economic and social history of urban America since 1950, tracing cycles of urban growth, urban crisis, and positive urban rebirth.