Originally published in 1994, this book, divided into three parts, examines macroeconomic models in a non-technical way. Part one discusses the importance of macroeconomic modelling; Part two examines the rise and fall of Keynesian income-expenditure models; and part three evaluates the evidence.

Originally published in 1994, this book, divided into three parts, examines macroeconomic models in a non-technical way. Part I discusses the importance of macroeconomic modelling; Part II examines the rise and fall of Keynesian income-expenditure models; and part III evaluates the evidence and presents a critique of how we can learn from these models now and in the future.