Roger E. A. Farmer

Confidence, Crashes and Self-Fulfilling PropheciesHow the Economy Works is a vital, elucidating look at macroeconomics--how it developed and why it matters today. By explaining, comparing, and finally combining classical and Keynesian economics, Roger Farmer shows how to design ways of correcting the excesses of free market economies that preserve...

"Of all the economic bubbles that have been pricked," the editors of The Economist recently observed, "few have burst more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its...