The Economics of Macro Issues 8th Edition is an excellent book that can provide a solid foundation for the study of economic policy. The authors have done a great job of taking all the research that has been done in the macro world and integrating it into one easy to understand guide. The text is well organized, with each chapter being broken down into logical sections, as well as the text being divided into sections that cover different topics.
The first section that focuses on Economic Growth and Innovation covers some basic issues related to economic growth. There are several chapters that go into more detailed research that covers issues like macroeconomic indicators, how the economy works and why we have growth in certain areas and not in others.
Chapter two in the book, titled Economic Activity, focuses on how economic activity is measured. This is especially useful information when considering how economic policies are made in the United States. Some areas of the economy are more volatile than others, and the authors look at how these differences affect economic growth. There are several appendices that offer additional information and data to this section, making the overall book extremely useful to the reader.
Chapter three of the text looks at how the distribution of income is affected by factors such as taxes, inflation, unemployment and the size of the government. This information is useful because it gives us the idea of what kind of policy will be most beneficial for the economic growth in a particular region of the country.
Chapter four looks at how the supply of energy affects the cost of living. The book goes into much more detail in the section covering energy, but for the purposes of this review I only looked at a few of the topics covered in the text.
Overall this is an excellent text for those who are interested in studying the economics of macro issues. While it does not contain all of the material included in other books, it contains enough to get a beginner interested in the topic. Many students find that this book is one of the most useful things they have ever purchased and it serves as a great base for further studies of macroeconomic issues.
The authors are very clear in their explanation of the topic and provide a solid introduction to concepts related to economic growth. The text is quite short for a college student type book but if you are looking for a quick introduction to a broader topic, this book is not meant for you. The book is perfect for someone wanting to learn about macroeconomic issues for a specific purpose, such as a college student who needs to know more about how the national government plans economic policy.
In conclusion, economics of Macro Issues by Lawrence Summers is a fantastic introductory text for anyone who is interested in learning about economic growth in the United States. It is a very clear and concise text that provides the reader with plenty of detailed information about economics in the area of micro-economics, while at the same time being informative for a general readership.