Able Quote by William Easterly
“Peter Montiel has long set the highest standard for lucid textbooks on the macroeconomics of developing countries. Now in this new edition of his superb classic Macroeconomics in Emerging Markets, he has surpassed even himself. He uniquely fills the gap between rich-country-obsessed macro- and micro-obsessed developing-country analysis. No student of the macroeconomics of development will henceforward be able to do without this book.”
About This Quote
Source Book: Macroeconomics in Emerging Markets, 2nd edition, William Easterly, 2023
The author praises the textbook for bridging macro and micro perspectives on developing economies, setting a high standard for clarity and relevance.
In simple terms: A top‑quality macroeconomics textbook for developing countries.
Key Takeaway
Use it as a core reference for development economics studies.
Themes
development economics
macro‑micro integration
educational standards
Mood
informed
optimistic
Type
educational
analytical
When to use this quote
- university courses
- policy research
- development consulting
Key Concepts
public policy
economic growth
institutional analysis
Questions to Reflect On
- How does integrating macro and micro insights improve policy?
- What gaps remain in developing‑country analysis?
A Different Perspective
May overlook recent data or emerging theories.
