Thomas Mayer

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1) Monetary policy and the great inflation in the United States: the Federal Reserve and the failure of macroeconomic policy, 1965-1979

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This unique book deals with the most serious macroeconomic failure experienced in the US in the post-war period, the great inflation of the late 1960s and 1970s. It is the first detailed analysis, using Federal Reserve documents, of the thinking behind the inflationary monetary policy during this period. Monetary Policy and the Great Inflation in the United States will be welcomed by economists, political scientists and economic historians interested...

2) Invitation to economics: understanding argument and policy

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Mayer, Thomas

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"This book will help you become a critical consumer of economic arguments. Accordingly, the volume provides many examples of these arguments, and explains why they are wrong. It is not, however, just an exercise in negation; it does present some economic theory, though not in a formal and rigorous way. Instead of stressing a well-explicated theory, it inculcates an intuitive "feel" for economics, which economics courses often overlook due to their...