Conversations on Growth, Stability and Trade
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Conversations on Growth, Stability and Trade

An Historical Perspective

Brian Snowdon

This unique volume provides a comprehensive survey of the major economic issues that have helped shape the modern world. It includes discussions of the latest research findings in macroeconomics and scrutinises some of the most important debates in economic history. The author examines the many controversies relating to the role of government in a modern economy, long-run growth and development, the spread of the Industrial Revolution, the causes and consequences of the ‘Great Depression’, the ‘Great Peacetime Inflation’, the conduct of stabilisation policy, international economic integration and globalisation.
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Brian Snowdon


Since 1993 I have been involved in co-authoring/editing a series of books on macroeconomics. The first of these, A Modern Guide to Macroeconomics: An Introduction to Competing Schools of Thought (1994, co-authored with Howard Vane and Peter Wynarczyk) hit upon the novel idea of including interviews with leading macroeconomists (for example Milton Friedman, Robert Lucas, James Tobin) at the end of each chapter. The idea behind this was simple – we wanted to make macroeconomics more interesting to our intended audience of students. From January to August, 1990, I had the very enjoyable experience, along with my family, of spending eight months in the United States where I was Visiting Professor of Economics at Old Dominion University, Norfolk, Virginia. It was during this period that I first came across Arjo Klamer’s fascinating book, The New Classical Macroeconomics: Conversations with New Classical Economists and their Opponents (1984). Reading this book inspired the idea of including interviews within a broaderbased text on modern macroeconomics. That idea became a reality in the Autumn of 1992 when, together with my colleague Peter Wynarczyk from the University of Northumbria, and Howard Vane from Liverpool John Moores University, we sorted out the basic structure of A Modern Guide to Macroeconomics. The Modern Guide has been enormously successful and sales remain buoyant even after eight years. In 1999 a second book, Conversations with Leading Economists: Interpreting Modern Macroeconomics, also based around interviews, was published. This book was also co-authored with Howard Vane. This current volume has had a...

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