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This is the fourth edition of Professor Lindauer's early groundbreaking Macroeconomics series. It holds reader interest because it constantly relates the concepts of modern macroeconomics to today's 'Great Recession' and the policies and conditions that brought it about and are needed to end it. In so doing it explains why not all Keynesian and neoclassical theory and monetary and fiscal policies are applicable to the unique structure and institutions of the United States and how the current recession can be quickly ended via a new approach to monetary policy, long ago explained by Lindauer and adopted by other countries.Professor Lindauer's previous works include books such as 'Land Taxation and Indian Economic Development' (with Sarjit Singh); various editions of his Macroeconomics series; and his early groundbreaking journal articles such as 'Stabilization Inflation and the InflationUnemployment Tradeoff.' An abridged nontechnical explanation of the theories and policies described herein is available on Kindle as Inflations, Unemployment, and Government Deficits: End Them. It is suitable for journalists, laymen, and lawyers attempting to serve as Federal Reserve governors.It was while at Claremont as professor of economics and department chairman that he developed the concepts of macropragmatic economics and integrated them into the thenexisting theories of inflation and unemployment. Importantly in these days of massive unemployment, the unique and quickly effective monetary policies he suggested years ago to end recessions without causing inflation or exacerbating government deficits are immediately available to the Federal Reserve.Lindauer's books have been translated into Japanese, Spanish, Korean, Hindi, Urdu, Chinese, and Portuguese and his policy suggestions implemented by central banks around the world. He has served as a visiting professor of economics at Sussex University and the University of California; and as a Distinguished Senior Fulbright Professor at the University of Punjab. He lives and writes in Chicago and Scottsdale. His teaching efforts in retirement are limited to lectures, short courses, and singleterm visiting professorships.
⚠️ WARNING (California Proposition 65):
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birth defects, or other reproductive harm.
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