Common Sense Macroeconomics

Ravi Batra

World Scientific

Seeks to explain inflation and depression by the theory of regular cycles

Regular Economic Cycles

Business & Money

PALGRAVE~MACMILLAN

The Downfall of Capitalism and Communism: A New Study of History

Great Depression of 1990

Bantam, USA

The Great Depression of 1990

The great depression of 1990

Children's Books

Sound Ideas

The New Golden Age: The Coming Revolution Against Political Corruption and Economic Chaos

Bestselling author and economist Ravi Batra identifies the roadblocks to economic prosterity-and what we need to do to overcome them.

The New Golden Age

Management & Leadership

Blackstone Audio,Inc.

Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy

For two decades Federal Reserve Chairman Alan Greenspan has held reign over economic policy, outlasting three presidents. His long tenure has had a profound effect on global economics and on individuals. In this hard-hitting exposé, international bestselling author Ravi Batra takes sharp aim at Greenspan's policies since he came into power. Greenomics, Batra argues, has extracted trillions of dollars from the American middle class and sharply benefited the rich, while protecting big business. Batra proves that Greenomics has also been responsible for periods of irrational exuberance, and exposes the wild inconsistencies in his social security plans. Greenspan's Fraud explores Greenspan's influences and motivations and the discrepancies between his words and actions, while revealing how his policies have national and global impact.

Economics

In a world of negative interest rates, extreme inequality and trillion-dollar budget deficits, it is safe to say that conventional macroeconomics needs an overhaul. Common Sense Macroeconomics is an innovative guide to various concepts of macroeconomic analysis. Presented in a student-friendly and accessible way, this textbook is an ideal introduction to all who seek to foresee economic developments and address some of the key problems of our time.\nSpecifically, this book innovates as follows.\nRavi Batra, a Professor of Economics at Southern Methodist University and known for his accurate forecasts such as the 2008 crash, argues that the goal of macroeconomics is to raise the living standard of all, not just a privileged few. Contrary to popular belief, relentless monetary expansion to finance budget deficits actually makes the rich richer and the poor poorer, which has been happening all over the world. Ethical policies and efficiency that create general prosperity go together. In order to increase everyone's income, governments should generate competition and outlaw mergers among large and profitable firms. Inequality arises from monopoly capitalism, because then wages lag behind productivity and generate a rising wage productivity gap. This is the ultimate source of almost all economic troubles and imbalances. While the growing gap is inherently unfair, it also leads to vast income disparity and wealth concentration, stock market bubbles and crashes, recessions and eventually depressions. It is the rise in the wage gap that preceded the Great Depression of the 1930s and now the Great Recession of 2008. Hence governments should not stifle competition and vigorously enforce anti-trust laws. Macroeconomic equilibrium nowadays requires that\nSupply = Demand + New Debt\nReadership: Undergraduate students at the principles and advanced levels; graduate level courses and professional in the field of economics.

COMMON SENSE MACROECONOMICS

World Scientific Europe

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Books by Ravi Batra