Stiglitz and Guzman bring together this edited collection that presents a series of studies on contemporary macroeconomic issues and contains a set of key lessons for macroeconomic theory and policies from the recent global financial crisis.

Joseph E. Stiglitz is an American economist and a professor at Columbia University. A recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979), he is a former senior vice president and chief economist of the World Bank, and a former member and chairman of the (US president's) Council of Economic Advisers. In 2000, Stiglitz founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University, USA. Martin Guzman is a postdoctoral research fellow at Columbia University Business School, USA, and Associate Professor at the University of Buenos Aires, Argentina. He is also a member of the INET Taskforce on Macroeconomic Externalities and a senior fellow at the Centre for International Governance Innovation.