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Competitive vs cumulative approach in teaching macroeconomics: Some thoughts on recent popular textbooks

Author

Listed:
  • Emilio Carnevali

    (Northumbria University, Newcastle upon Tyne (UK))

Abstract

This paper critically evaluates two different approaches to teaching macroeconomics at the undergraduate level through the comparison of two popular, recent handbooks: Olivier Blanchard's Macroeconomics (2021) and William Mitchell, Randall Wray and Martin Watts's Macroeconomics (2019). These textbooks are taken as benchmarks of two opposite views of the discipline: the cumulative – that is, followed by Blanchard and most "mainstream" textbooks – as opposed to the competitive view.

Suggested Citation

  • Emilio Carnevali, 2022. "Competitive vs cumulative approach in teaching macroeconomics: Some thoughts on recent popular textbooks," PSL Quarterly Review, Economia civile, vol. 75(301), pages 161-171.
    • Handle: RePEc:psl:pslqrr:2022:25
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    File URL: https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/17785/16858
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    More about this item

    Keywords

    Teaching of economics; monetary policy; IS-LM model;
    All these keywords.

    JEL classification:

    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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