Macroeconomics is in disarray. No one approach is dominant, and an increasing divide between theory and empirics is evident. This book presents both a critique

In this book, the authors reconceptualize existing macroeconomics by treating equilibria as statistical distributions, not as fixed points.

It is now widely agreed that mainstream macroeconomics is irrelevant and that there is need for a more useful and realistic economic analysis that can provide a

In this book, the authors reconceptualize existing macroeconomics by treating equilibria as statistical distributions, not as fixed points.

This groundbreaking new core textbook encourages students to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by