The newest edition of this authoritative volume has been comprehensively revised to include all the latest facts and figures relating to recent economic developments. Widening the big picture of macroeconomics to provide an up-to-date overview, Lutz Arnold surveys and deals with a host of fresh innovations, such as alternatives to gross domestic product as an indicator of wealth, the introduction in 2023 of Germany’s Citizen’s Income, new fears of technological unemployment as artificial intelligence advances apace, the consequences of quantitative easing in the 2010s, inflation in 2022/23, plus the regulatory consequences of the 2007-09 financial crisis.