Author Description

"Both Microeconomics for Life and Macroeconomics for Life are motivated by the belief that if you learn a little economics, it helps you make the most of your life, whatever you are after. That same knowledge also helps you better understand the world around you, and the choices you face as a citizen. The subtitle of Macroeconomics for Life: Smart Choices for All? has a question mark because economists and politicians disagree much more about macroeconomics than microeconomics. We incorporate those disagreement into what we call the fundamental macroeconomic question: If left alone by government, how quickly do the price mechanisms of market economies adjust to maintain steady growth in living standards, full employment, and stable prices?"--