Debates in Macroeconomics from the Great Depression to the Long Recession

Arie Arnon is a Professor Emeritus of Economics at Ben Gurion University (Israel); an Associate Fellow of the Truman Institute, Hebrew University; and the Israeli coordinator of the Aix Group. Since 2007 Arnon has coordinated the Thomas Guggenheim Program on the History of Economic Thought at Ben Gurion University. He works mainly in the field of history of economic thought, covering monetary theory and macroeconomics. His publications include "Thomas Tooke: Pioneer of Monetary Theory" (1991) and "Monetary Theory and Policy from Hume and Smith to Wicksell: Money, Credit and the Economy" (2011), which received the Best Book Award from ESHET - the European Society for the History of Economic Thought - in 2012.

• Chapter 1. Wicksell's Novel Macro Thinking:

“This book can serve as a ground-clearing exercise from which a new direction in macroeconomics can spring? Nothing would please the author more. This book is explicitly a work of the history of economic thought, engaging with the literature on the history of thought as much as with the primary texts that mark milestones in that history. As a sometime historian of economic thought myself, there is much here that is familiar but also much that is new.” (Perry Mehrling, Journal of the History of Economic Thought, Vol. 55 (2), 2023)“This new opus by Arie Arnon was very much awaited. Given the strong emphasis laid on the monetary thinking of the different authors considered, and particularly their views regarding the proper conduct of monetary policy, this new work will be especially appreciated by those … interested in monetary issues within the subfield of macroeconomics. … Arnon’s book is a great achievement … and should find its place on the shelf of anyone interestedin the history of monetary macroeconomics.” (Pierrick Clerc, History of Political Economy, Vol. 55 (2), April, 2023)