Reddit Reddit reviews Modern Macroeconomics: Its Origins, Development and Current State

We found 9 Reddit comments about Modern Macroeconomics: Its Origins, Development and Current State. Here are the top ones, ranked by their Reddit score.

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Modern Macroeconomics: Its Origins, Development and Current State
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9 Reddit comments about Modern Macroeconomics: Its Origins, Development and Current State:

u/xudoxis · 7 pointsr/AskSocialScience

I think what you really want is something like A Modern Guide to Macroeconomics.

It goes through the schools of thought(classical, keynesian, monetarist, new classical, real business cycle, new keynesian, post keynes, austrian) the politics of macroeconomics, and a brief summary of what was going on at the time of publication.

It features great interviews from supporters(Skidelsky/Tobin/Friedman/Lucas/Prescott/Mankiw/Alesina/Solow/Romer) of the schools that would make the book worth the buy alone.

It is a one stop shop for forging your own views on macroeconomics(as opposed to the other books currently suggested that would require multiple purchases to get multiple views). The only problem is that it is long, not a particularly easy read, and you won't be getting it for a penny on Amazon.

u/besttrousers · 6 pointsr/badeconomics

Snowden and Vane? Inty recommended it to me a while ago, and I found it helpful as a map: https://www.amazon.com/Modern-Macroeconomics-Origins-Development-Current/dp/1845422082

u/fieryseraph · 6 pointsr/austrian_economics

GMU Econ PhD student here.

Read this.

It's big, but I've never before read anything that explained as well as that book does, where the different schools came from, why, who was involved, etc. It's even got a chapter for Austrians. It's a great book.

u/Austro-Punk · 5 pointsr/AskEconomics

Modern Macroeconomics by Snowdon and Vane

Sorry I know there's a PDF somewhere online but I couldn't find it.

u/Dr_Dobz · 4 pointsr/AskEconomics

When I was in grad school, the book we all read to get a intuitive understanding of the various schools of thought was Snowdon and Vane's Modern Macroeconomics: Its Origins, Development, and Current State. That was a while ago, though, so it may not be the most current resource.

u/Integralds · 4 pointsr/AskSocialScience

As an antidote, everything in Snowdon and Vane's history of macroeconomics book (with the exception of the chapters on post-Keynesian and Austrian developments) is nicely bog-standard economics.

As a mainstream macroeconomist, I dislike (but respect) most of the titles in this thread, which is probably the intended point. You're getting good non-mainstream recommendations.

u/commentsrus · 3 pointsr/badeconomics

I recommend reading Snowdon and Vane (2005), "Modern Macroeconomics: Its Origins, Development, and Current State." Very concise textbook that covers the history of modern economic thought, from the Classicals to Old Keynesians to Monetarists to New Classicals to New Keynesians and everywhere in between, including an entire chapter on Austrian Econ! In the mainstream econ world, devoting a textbook chapter to a fringe school of thought is rare, indeed, but the book is widely used and even appears on /u/Integrald's recommended reading list in /r/Economics, which you should also check out if you want to learn more about econ and are new to the discipline.

Note: This book is for the advanced undergraduate level, but it's not too mathematical at all and gives a good grounding if you're confused by all these schools. Rest assured, though, that a lot of these controversies have been resolved. On the internet, Austrians and Marxians and sometimes Post-Keynesians seem like they have a lot of influence, but when it comes to publishing in mainstream journals that's not the case.

The reason why you often see "funny maymays" about Austrians and Marxians on this sub is because Reddit Austrians and casual Marxists are often ignorant of the mainstream economic paradigm they are so critical of. In reality, praxeology and dialectics are not inherently bad, but have been used to make some pretty stupid arguments at least online.

u/hammy3000 · 2 pointsr/ColinsLastStand

Unbelievable work. One of my all time favorites.
I'd recommend checking these out as well:

Modern Macroeconomics by Brian Snowdon (Really good historical overviews of Economic thought)

Money, Bank Credit, and Economic Cycles by Jesus Huerta de Soto

Man, Economy, and State by Murry Rothbard

Economics in One Lesson by Henry Hazlitt (EXCELLENT if you are just beginning to study Economics)


u/soilsoldier · 1 pointr/EconPapers

I don't do macro, but someone suggest modern macro to me the other day as something that isn't a text book.

http://www.amazon.com/Modern-Macroeconomics-Origins-Development-Current/dp/1845422082