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.