Looking Back at Macroeconomics 101

A perspective from Asia on the global financial crisis as it unfolded in real time, and, in the process redefined several prevailing macro-economic paradigms. Written by a policy maker with a good knowledge of economics and history who participated in G20 debates on crisis management, it is addressed primarily to the interested layperson, including students who feel their textbooks do not adequately explain the real world. It should also be of interest to subject specialists. The anomalies in the process of fitting fact to theory are littered liberally throughout. Although the central theme is the recent global financial crisis, the book is very broad in sweep with the overarching objective of locating the crisis amidst the broad sweep of economic history, a changing world and policy debates. Structured in a manner that sits easy on the reader, it need not be read from beginning to end. The reader can complete the book without breaking into a sweat, with the big picture in its rich, full detail falling into place frame by frame.