BOSTON— Rates headed down? Inflation heating up? What's the Fed thinking? For thoughtful professionals in business, government, and the non-profit sector, such questions are anything but academic.
Harvard Business School Professor David A. Moss has written a primer on macroeconomic theory and practice, A Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know (Harvard Business School Press). Fiscal and monetary policy help set the ground rules for the global economy, and A Concise Guide to Macroeconomics (Harvard Business School Press) illuminates, through current and historical examples, how and why the rules keep changing.
Moss explains the basic relationships between various macroeconomic phenomena and how they help shape the global economy. The heart of the book is a logical presentation of macroeconomic building blocks:
"Any critical observer of current debates about the state of the macro economy needs a clear understanding of a half-dozen basic concepts, how they are measured, and how they are connected," said Robert Slow, Institute Professor Emeritus at the Massachusetts Institute of Technology and Nobel Prize Laureate in Economics. "David Moss's short, jargon-free book provides just that. It does not tell you what should be done, but how to begin thinking about what should be done."
Avoiding simplistic solutions, A Concise Guide to Macroeconomics presents the basic principles and relationships at the core some of the controversial questions that animate current economic policy debate, including:
David A. Moss is the John G. McLean Professor of Business Administration at Harvard Business School, where he teaches in the required first-year MBA course Business, Government, and the International Economy. He graduated from Cornell University (B.A., 1986) and went on to earn an M.A. in economics (1988) and a Ph.D. in history (1992) from Yale University. In 1992 and 1993, he served as a senior economist at Abt Associates, a public policy consulting firm based in Cambridge, Mass. He joined the Business School faculty in 1993.
Founded in 1908 as part of Harvard University, Harvard Business School is located on a 40-acre campus in Boston. Its faculty of more than 200 offers full-time programs leading to the MBA and doctoral degrees, as well as more than 80 open enrollment Executive Education programs and more than 60 custom programs. For more than a century, HBS faculty have drawn on their research, their experience in working with organizations worldwide, and their passion for teaching to educate leaders who have shaped the practice of business and entrepreneurship around the globe.