ABSTRACT
The year 2007 marked the twentieth anniversary of the publication of Alfred Eichner’s The Macrodynamics of Advanced Market Economies. I was introduced to the book before its publication when Eichner used its manuscript in his graduate course on macrodynamics. I remember that he told his students that the book should be continuously revised as he learned about its subject through teaching and further research. A critical assessment of the book in light of both the structural changes that have taken place and the new theoretical work that has appeared since its publication is something that he would have undertaken himself if he were alive today.
