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Assar Lindbeck has made a significant impact on modern economic thought in the course of a long and distinguished career. Macroeconomics and Economic Policy offers a remarkable insight into the development of Professor Lindbeck's thought, illustrating how his own extensive experience of economic policy making in Sweden led him to form his current opinions. The volume is divided into three parts. The first part concentrates on macroeconomic instability and stabilization policy, including recent essays on unemployment theory and the labour markets alongside some of his most important earlier work. The second part addresses the problems of international interdependence and endogenous policy, focusing on a growing world economy and looking at possible areas of conflict. The third part examines the problems and practicalities of achieving successful economic growth, with a particular emphasis on the Western economies