#!/usr/bin/env python # coding: utf-8 # # Appendix: Optional Readings on Macroeconomics from 1829-2009 # # * Six things to read: # * John Stuart Mill (1829), "On the Influence of Consumption on Production" # * Walter Bagehot (1873), _Lombard Street_ # * John Hicks (1937), "Mr. Keynes and the 'Classics': A Suggested Interpretation", _Econometrica_ # * Ben Bernanke (1983), "Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression" _American Economic Review_ 73, pp. 257-276, # * John B. Taylor (2000), "Reassessing Discretionary Fiscal Policy," _Journal of Economic Perspectives_ Vol. 14, No. 3 (Summer, 2000), pp. 21-36 # * Alan Auerbach and William Gale (2009), "Activist Fiscal Policy to Stabilize Economic Activity" # # Plus inspirational quote: Tyler Cowen: “Useful macroeconomics is common sense plus accounting identities” # # If you understand how things add up and you also use your common sense, you should be able to get quite far in your understanding of business cycles from that alone... # #