Macroeconomics A Fresh Start
The world has changed dramatically in recent years and so has the field of economics, but many introductory economics textbooks have remained stuck in the past. This book provides a new beginning for the study of macroeconomics, fundamentally intern
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Peter Dorman
Macroeconomics A Fresh Start
Springer Texts in Business and Economics
For further volumes: http://www.springer.com/series/10099
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Peter Dorman
Macroeconomics A Fresh Start
Peter Dorman The Evergreen State College Olympia, WA, USA
ISSN 2192-4333 ISSN 2192-4341 (electronic) ISBN 978-3-642-37440-1 ISBN 978-3-642-37441-8 (eBook) DOI 10.1007/978-3-642-37441-8 Springer Heidelberg New York Dordrecht London Library of Congress Control Number: 2014941108 # Springer-Verlag Berlin Heidelberg 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Acknowledgements
Most introductory-level textbooks, at least in the U.S. market, are now the products of vast armies: not just the authors whose names you see on the cover, but hordes of reviewers, research assistants, design specialists, and others whose job is to help assemble, edit, shape, and market the book itself and then all the ancillary items— the websites, test banks, instructors’ slides, videos, and other enhancements that keep emerging from the development of new technology. This book was written entirely by one person with just a tiny bit of assistance. There are costs to this approach, which I will get to shortly, but one big advantage: it is possible to offer a new, coheren
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