Macroeconomics

Macroeconomics: The Monetary Foundations of the Macroeconomy, Volume 1 examines the complex and critical world of macroeconomic theory and practice through a collection of seminal writings. Featuring treatises by some of the discipline's most influential minds, the textbook offers a comprehensive exploration of macroeconomic concepts deeply rooted in pre-Keynesian thought.

The book explores the topics of unplanned economic order as a spontaneous result of individual actions, the principles of currency and value, hyperinflation's trials, and the bedrock concepts of classical macroeconomic modeling. By bringing these diverse yet interconnected topics into a single academic volume, the book helps readers better understand the forces that underpin macroeconomic thought.

The second edition includes two new readings: "The Economic Organization of a POW Camp" and an excerpt from "Economic Policy: Thoughts for Today and Tomorrow."

Macroeconomics is a quintessential volume with focus on classical macroeconomic theories, the foundations of monetary economies, and the intricacies of inflation and national economic policies. It is ideal for courses and programs in economics.

James Caton is an assistant professor in the Department of Agribusiness and Applied Economics at North Dakota State University. He regularly writes as a Fellow for the American Institute for Research's Sound Money Project.

Colin Kielcheski Sides is a graduate lecturer and graduate student in the economics program at George Mason University.

Thomas Rustici is an associate professor of economics and the associate director of undergraduate studies in the Department of Economics at George Mason University. He holds undergraduate and graduate degrees in economics and public policy from George Mason University.

Dima Shamoun is a clinical assistant professor in the Department of Finance at the McCombs School of Business at the University of Texas at Austin. She teaches a wide variety of graduate and undergraduate courses including those for MBA and BBA programs.

Theo Shamoun earned both his B.A., summa cum laude, and M.A. degrees in economics from George Mason University.