The study of economics has always been fascinating, yet it is difficult to remember a more exciting or important time in the discipline. This book includes - Macroeconomics and the Economic Perspective; The process system; Households and firms in the labor and capital markets; Measurement of economic output and unemployment; The cost of living and inflation; The full-employment model; Government finance at full employment; The open economy at full employment; Economic growth; Money, the price level, and the federal reserve; Introduction to macroeconomic fluctuations; Aggregate expenditures and income; Aggregate demand and inflation; The federal reserve and interest rates; The role of macroeconomic policy; International trade and trade policy; The international financial system; Policy in the open economy; Development and transition; Inflation and unemployment; Controversies in macroeconomic policy; A student's guide to investing.

Our world is changing. Globalisation is not working. It is hurting those it was meant to help. And now, the tide is turning . . .Explosive and shocking, Globalization and Its Discontents is the bestselling expose of the all-powerful organisations that control our lives - from the man who has seen them at work first hand. As chief economist at the World Bank, Nobel Prize-winner Joseph Stiglitz had a unique insider's view into the management of globalisation. Now he speaks out against it- how the IMF and WTO preach fair trade yet impose crippling economic policies on developing nations; how free market 'shock therapy' made millions in East Asia and Russia worse off than they were before; and how the West has driven the global agenda to further its own financial interests. Globalisation can still be a force for good, Stiglitz argues. But the balance of power has to change. Here he offers real, tough solutions for the future.

The authors address one of the key issues facing world leaders today, putting forward a radical and realistic new model for managing trading relationships between the richest and the pooorest countries.

Aid for trade is a fixture in the development landscape, accounting for approximately 25 per cent of total ODA, and is being positioned as a building block in the future development agenda beyond the 2015 expiry of the Millennium Development Goals. In The Right to Trade , Nobel Prize-winning economist Joseph E Stiglitz and Andrew Charlton argue that aid for trade has not delivered on its initial promise. To create a genuinely pro-development trade liberalisation agenda, the authors propose that a right to trade and a right to development be enshrined within the WTOs dispute settlement system; and that aid for trade funds be consolidated into a coherent and predictable framework, where dedicated funds are committed by rich countries to a Global Trade Facility and dispersed through a transparent and competitive process. Together these proposals would help ensure that international trade works for developing countries and will help preserve a development-friendly multilateral trading system.