Mark Twain, the celebrated writer of New York Times, once said, "It is difficult to make predictions, especially about the future." Not surprisingly, few economists foresaw the Great Recession of 2008, just as few understood why the Great Depression had occurred. Similarly, hardly anyone prophesied the vastness of wealth concentration that is choking the global economy today. However, there is one person who saw it all. He not only forewarned us about the Great Recession in several books, but also pinpointed its true cause. In his 2006 book, The New Golden Age, Professor Ravi Batra blamed the coming slump on extreme wealth disparity. Dr Batra has now written a textbook to explain how a macro economy really works. He says the goal of macroeconomics is to raise the living standard of all, which can be achieved only through sensible theories and free-market policies. Classical, neoclassical, Keynesian and modern theories are explained in a simple and lucid style. It is the wealth concentration that is responsible for global imbalances, and an ocean of consumer and government debt, so much so that macro equilibrium may now be described by: Supply = Demand + New Debt. Common Sense Macroeconomics relies on common sense and rationality; Complex problems are explained in a student-friendly way through numerical examples, which are easy to comprehend. Common Sense Macroeconomics is the ideal introduction to macroeconomic principles and can also be used for advanced courses.

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