World Development Indicators 1997.(Review of Books and Multimedia) (Software Review)(Brief Article)(Evaluation)
Economist (US), The, July, 1997
Who dare call it the dismal science?
MACROECONOMICS. By Olivier Blanchard. Prentice Hall; 687 pages; $67 and K26.95
EVER wish that you had learnt more economics at university? Now is the time to catch up. Olivier Blanchard's new introduction to macroeconomics is a textbook that (almost) doubles as teacher too. Full of real-world examples, clearly constructed and written in lively prose, it is an enjoyable as well as educational read.
"Macroeconomics" begins with a discussion of short-run equilibrium in goods and financial markets. Step by step, Mr Blanchard explains what determines output and interest rates. But, unlike most textbooks, his soon moves on, bringing in the role of expectations and the impact of economic openness. Once the...
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