PART A: INTRODUCTION & MEASUREMENT:
1 Introduction-
2 How to Think and Do Macroeconomics-
3 A Brief Overview of the Economic History and the Rise of Capitalism-
4 The System of National Income and Product Accounts-
5 Labour Market Concepts and Measurement-
6 Sectoral Accounting and the Flow of Funds-
7 Methods, Tools and Techniques-
8 Framing and Language in Macroeconomics-
PART B: CURRENCY, MONEY & BANKING:
9 Introduction to Sovereign Currency: The Government and its Money-
10 Money and Banking-
PART C: NATIONAL INCOME, OUTPUT AND EMPLOYMENT DETERMINATION:
11 The Classical System-
12 Mr Keynes and the 'Classics'-
13 The Theory of Effective Demand-
14 The Macroeconomic Demand for Labour-
15 The Aggregate Expenditure Model-
16 Aggregate Supply-
PART D UNEMPLOYMENT AND INFLATION: THEORY AND POLICY:
17 Unemployment and Inflation
18 The Phillips Curve and Beyond
19 Full Employment Policy
PART E ECONOMIC POLICY IN AN OPEN ECONOMY
20 Introduction to Monetary and Fiscal Policy Operations
21 Fiscal Policy in Sovereign Nations
22 Fiscal Space and Fiscal Sustainability
23 Monetary Policy in Sovereign Nations
24 Policy in an Open Economy: Exchange Rates, Balance of Payments and Competitiveness
PART F ECONOMIC INSTABILITY
25 The Role of Investment in Profit Generation
26 Stabilising the Unstable Economy
PART G HISTORY OF MACROECONOMIC THOUGHT
27 Overview of the History of Economic Thought
28 The IS-LM Framework
29 Modern Schools of Economic Thought
30 The New Monetary Consensus in Macroeconomics
PART H CONTEMPORARY DEBATES:
31 Recent Policy Debates-
32 Macroeconomics in the Light of the Global Financial Crisis-
33 Macroeconomics for the Future.

This groundbreaking new core textbook encourages students to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by comparing and contrasting heterodox and orthodox approaches to theory and policy. The first such textbook to develop a heterodox model from the ground up, it is based on the principles of Modern Monetary Theory (MMT) as derived from the theories of Keynes, Kalecki, Veblen, Marx, and Minsky, amongst others. The internationally-respected author team offer appropriate fiscal and monetary policy recommendations, explaining how the poor economic performance of most of the wealthy capitalist countries over recent decades could have been avoided, and delivering a well-reasoned practical and philosophical argument for the heterodox MMT approach being advocated.
The book is suitable for both introductory and intermediate courses, offering a thorough overview of the basics and valuable historical context, while covering everything needed for more advanced courses. Issues are explained conceptually, with the more technical, mathematical material in chapter appendices, offering greater flexibility of use.
Accompanying online resources for this title can be found at bloomsburyonlineresources.com/mitchell-macroeconomics. These resources are designed to support teaching and learning when using this textbook and are available at no extra cost.