This study of macroeconomics combines treatment of opposing theories with a presentation of evidence to point the way toward a reconstructed macro research and policy programme.

chapter |14 pages

Introduction I: Framework

chapter 1|11 pages

How should we do Macroeconomics?

chapter 4|18 pages

Some Basic Determinants of Unemployment

chapter 5|22 pages

Macroeconomic Performance and Institutions

part |2 pages

Part II Breakdown

chapter |6 pages

Introduction II: Breakdown

chapter 9|16 pages

Explaining the Breakdown

chapter 10|14 pages

A Model of Long-run Mass Unemployment

part |2 pages

Part III Recovery

chapter |3 pages

Introduction III: Recovery

chapter 11|14 pages

The Boom of the 1980s and its Aftermath

chapter 13|13 pages

Choosing the Future