Acknowledgments ...................................xi Chapter 1 Introduction ...................................................................1 Chapter 2 Macro Measurements ....................................................13 Chapter 3 Individual Equilibrium .................................................33 Chapter 4 Saving ...........................................................................63 Chapter 5 Capital ..........................................................................87 Chapter 6 Labor, Production, and Economic Growth ...................99 Chapter 7 Deficit Spending .........................................................113 Chapter 8 Taxes and the Macroeconomy .....................................127 Chapter 9 Excess Supply and Excess Demand..............................157 Chapter 10 Equilibrium Low Employment ...................................189 Chapter 11 The Great Contraction ................................................201 Chapter 12 Lessons from Recent Macroeconomic Policy Making ..221 Chapter 13 The Macroeconomic Challenge ...................................239 References ...................................243 Index ...................................247