Macroeconomics for Managers

Reviewed by Roland Buresund

Very Good ********

Last modified: May 21, 2007, 3:09 a.m.

This is a very good book, that tries to addres the use of Macroeconomics by senior managers and strategists, while at the same time tries to teach the basics of macroeconomic theory. Unfortunately, after reading a few hundred pages, you gradually become aware of some personal preferences of the authors, which starts to distract on your reading of the material and gets you to check other books for contrarian opinions (considering that Mr. Evans is a former academic, he would probably be happy, but I think many people may toss the book aside as a prejudiced example, which is a loss, as he has many good point to make, even if you don't agree with all of them).

The biggest drawback of this book is its reliance on US (and only US) examples and discussions. Even the international trade chapter is in fact viewed from a US centric viewpoint. His discussion of the Great Depression mentions the collapse of the European economy as a major contributing factor, but he declines to explain how that happened.

All in all, this is a very good book that is nearly destroyed by the partisan viewpoint (from a non-US perspective) of the author.

If you find macroeconomics interesting (and if you are a manager or at all interested in politics or taxes, you should be) this is for you, but you need some additional material to read as well.

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Macroeconomics for Managers