Showing results for "How Money Works" in Macroeconomics

The financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its place? In How the Economy Works, one of our leading economists provides a jargon-free exploration of the current crisis, offering a powerful argument for how economics must change to get us out of it. Roger E. A. Farmer traces the swings between classical and Keynesian economics since the early 20th century, gracefully explaining the elements of both theories.

Global financial shocks and rising inequality have shattered outdated economic models, demanding a bold new approach. As you navigate your morning commute or tune into the daily news, you might wonder why the traditional rules of wealth and work no longer apply. This paradigm shift reveals how...