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Macroeconomics for the Twenty-First Century

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  • Neva R. Goodwin

Abstract

Macroeconomic theory has not yet come to grips with major issues of the twenty- first century. These include environmental pressures, demographic changes, the size, structure, and power of multinational corporations, and growing economic inequality. Existing macroeconomic theory also does not deal adequately with normative issues, focuses excessively on market solutions, assumes that a single macroeconomic theory can apply to all situations, and ignores issues concerning the scale of economic activity and the speed of change.

Suggested Citation

  • Neva R. Goodwin, "undated". "Macroeconomics for the Twenty-First Century," GDAE Working Papers 03-02, GDAE, Tufts University.
    • Handle: RePEc:dae:daepap:03-02
    as

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    File URL: http://www.bu.edu/eci/files/2020/01/03-02Macro21stCentury.pdf
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    References listed on IDEAS

    as
    1. Kevin P. Gallagher & Francisco Aguayo & Ana Citlalic González, "undated". "Dirt is in the Eye of the Beholder: The World Bank Air Pollution Intensities for Mexico," GDAE Working Papers 01-07, GDAE, Tufts University.
    2. Neva R. Goodwin & Oleg I. Ananyin & Frank Ackerman & Thomas E. Weisskopf, "undated". "Economics in Context: The Need for a New Textbook," GDAE Working Papers 00-02, GDAE, Tufts University.
    3. Harris, Jonathan M., 2000. "Basic Principles of Sustainable Development," Working Papers 15600, Tufts University, Global Development and Environment Institute.
    4. Kevin P. Gallagher & Frank Ackerman & Luke Ney, "undated". "Economic Analysis in Environmental Reviews of Trade Agreements: Assessing the North American Experience," GDAE Working Papers 02-01, GDAE, Tufts University.
    5. Jonathan M. Harris, "undated". "Agriculture in a Global Perspective," GDAE Working Papers 01-04, GDAE, Tufts University.
    6. Neva R. Goodwin & Jonathan M. Harris, "undated". "Better Principles: New Approaches to Teaching Introductory Economics," GDAE Working Papers 01-05, GDAE, Tufts University.
    7. Jonathon M. Harris, "undated". "Basic Principles of Sustainable Development," GDAE Working Papers 00-04, GDAE, Tufts University.
    8. Jonathan M. Harris & Neva R. Goodwin, "undated". "Reconciling Growth and Environment," GDAE Working Papers 03-03, GDAE, Tufts University.
    9. Goodwin, Neva R., 2003. "Macroeconomics for the 21st Century," Working Papers 15581, Tufts University, Global Development and Environment Institute.
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