Macroeconomics in action

The book does not take more than a paragraph to warn us about our misplaced hopes in demographic dividends

Applied Macroeconomics – Employment, Growth and Inflation

Author: Vivek Moorthy

Publisher: IK International/Wiley

Pages: 235

Price: Rs 565

The reviewer chanced upon this book while looking for a convincing work that would explain adequately India’s sluggish economic growth of recent years. Although it is not the prime remit of this book, the macroeconomic framework it has set out helps the reader understand the basic building blocks and dominant issues of the day, including why the Indian economy performs poorly compared to its potential.

A noteworthy and consistent feature of the book is its pithiness.  Chapter 1 —  all of 40 pages — has a wide sweep;