A monologue on macroeconomics
A real world avatar of your undergrad National Income Accounting (NIA) lesson starring the Indian economy. The book argues that maintaining eight percent GDP growth over the long term involves accepting slower growth in the short run. This is a pushback against calls to speed up growth to eight percent urgently and at all costs.
Two recent books on the Chinese economy offer different perspectives for the future. China's Great Wall of Debt by Dinny McMahon adopts a bottom up analysis to heavily discount China's capability of becoming an engine of global economic growth. The State Strikes Back by Nicholas Lardy addresses the question of China's growth potential with a top down analysis to arrive at a more open ended conclusion.
This book is a catalogue of the 2008-09 financial crisis by the three policy makers in the frontline for fixing the system. Mercifully light on details, it offers a broad introduction to the underlying causes and timeline of the crisis to new readers. Seasoned readers of the subject will find the charts section richly informative.
Macrologue 