IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-1-4302-5942-8_11.html
   My bibliography  Save this book chapter

Macroeconomics

In: Reasonably Simple Economics

Author

Listed:
  • Evan Osborne

Abstract

I suspect that when many people pick up a book about “economics,” they expect to be reading about such things as unemployment, inflation, and economic growth. And yet it is not until here, in the final chapters, that I address these questions. The reason for that is related to something I hinted at in the introduction: an economy is merely a description of the ways in which people with different interests in the presence of scarcity reconcile those differences. It does not make any sense to describe the functioning of an entire economy unless we understand this fact and use it to think about how the terms under which people relate to one another and about how much they can expect to gain at any moment from participating in “the economy.” So-called “macroeconomics”—the study of aggregate-level phenomena such as unemployment, inflation, and economic growth, usually at the level of the nation-state—depends critically on so-called “microeconomics”—the ways in which individuals respond to the incentives they face.

Suggested Citation

  • Evan Osborne, 2013. "Macroeconomics," Springer Books, in: Reasonably Simple Economics, chapter 0, pages 241-264, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4302-5942-8_11
    DOI: 10.1007/978-1-4302-5942-8_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-1-4302-5942-8_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.