Seventeen essays include three previously unpublished works and offer sharply etched views on the principal topics of growth, inflation, and unemployment. Robert Gordon re-examines their salient points in a new accessible introduction to modern macroeconomics. Each of the four parts into which the essays are grouped also offers a new introduction. The foreword by Nobel Laureate Robert M. Solow comments on the continuing importance of these essays which date from 1968 to the present.
Provocative, engaging and well-written, this collection of insightful essays by Bob Gordon links historical movements in three key indicators of macroeconomic activity - productivity growth, inflation and unemployment. Essential reading for all observers interested in understanding U.S. macroeconomic developments of the last fifty years (and longer).