Real World Macro

book cover image
Edition:
28th Edition
Date of publication:
May 2011
ISBN:
978-1-878585-86-8
Pages:
386
Price:
$34.95


  • Introduction
  • Chapter 1: Measuring Economic Performance
    • Introduction
    • 1.1 When Is A Recession Over? John Miller
    • 1.2 Same Output + Fewer Hours = Economic Crisis? Alejandro Reuss
    • 1.3 The Real Unemployment Rate Hits a 68-Year High John Miller
    • 1.4 Unemployment: How Bad for How Long? Fred Moseley
    • 1.5 Women Breadwinners, Men Unemployed Heather Boushey
    • 1.6 A Dismal Time to Graduate Katherine Faherty
    • 1.7 The Growth Consensus Unravels Jonathan Rowe
    • 1.8 Wages for Housework Lena Graber and John Miller
    • 1.9 CPI Blues Joshua Holland
  • Chapter 2: Wealth, Inequality, and Poverty
    • Introduction
    • 2.1 Slicing Up at the Long Barbeque James M. Cypher
    • 2.2 Graduates Versus Oligarchs Paul Krugman
    • 2.3 The Death of Horatio AlgerPaul Krugman
    • 2.4 The Undeserving Rich Gar Alperovitz and Lew Daly
    • 2.5 Who Gets the Value We All Produce? Arthur MacEwan
    • 2.6 Measures of PovertyEllen Frank
    • 2.7 Lies, Damned Lies, and Poverty Statistics Jeannette Wicks-Lim
    • 2.8 Access to Paid Sick Days Vastly Unequal Elise Gould
    • 2.9 Geese, Golden Eggs, and Traps: Why Inequality is Bad for the EconomyChris Tilly
    • 2.9 Graduates versus Oligarchs Paul Krugman
  • Chapter 3: Savings and Investment
    • Introduction
    • 3.1 Boosting Investment: The Overrated Influence of Interest Rates Gretchen McClain and Randy Albelda
    • 3.2 The Dow High and Stock Ownership Sylvia Allegretto
    • 3.3 Who Decides Stock Prices? Ellen Frank
    • 3.4 From Tulips to Mortgage-Backed Securities Gerald Friedman
    • 3.5 New World of Home Loans Amy Gluckman
    • 3.6 The Case for a National Infrastructure Bank Heidi Garrett-Peltier
    • 3.7 Financialization: A Primer Ramaa Vasudevan
  • Chapter 4: Fiscal Policy, Deficits, and Debt
    • Introduction
    • 4.1 A New WPA? Ryan A. Dodd
    • 4.2 Responding to RevisionismGerald Friedman
    • 4.3 How I Learned to Stop Worrying and Love the DeficitJohn Miller
    • 4.4 Myths of the Deficit Marty Wolfson
    • 4.5 Why Are Things Getting Worse and Worse? Arthur MacEwan
    • 4.6 State Budget BluesMarianne Hill
    • 4.7 We Need a (Green) Jobs Program Jeannette Wicks-Lim
    • 4.8 Is Military Keynesianism the Solution?Heidi Garrett-Peltier
    • 4.9 The Tax Cut ConPaul Krugman
    • 4.10 That Hurt: Let's Do It Again John Miller
    • 4.11 Sand in the Wheels, Not in the FaceJohn Miller
    • 4.12 Social Security Isn’t BrokenDoug Orr
  • Chapter 5: Monetary Policy and Financial Markets
    • Introduction
    • 5.1 What is Money?Doug Orr
    • 5.2 Focus on the Fed Doug Orr and Ellen Frank
    • 5.3 How do Fiscal and Monetary Policy Compare? Arthur MacEwan
    • 5.4 Pushing on StringsGerald Friedman
    • 5.5 Why is the Government Buying Long-Term Bonds? Alejandro Reuss
    • 5.6 The Giant Pool of Money Arthur MacEwan
    • 5.7 Derivatives and Deregulation Marty Woflson
    • 5.8 Of Bubbles and Bailouts Mary Bottari
    • 5.9 Not Too Big Enough Rob Larson
    • 5.10 Still Banking on Fraud William K. Black
    • 5.11 Underwater Rob Larson
    • 5.12 The Bailout of Fannie Mae and Freddie Mac Fred Moseley
    • 5.13 Transforming the Fed Robert Pollin
  • Chapter 6: Unemployment and Inflation
    • Introduction
    • 6.1 The "Natural Rate" of Unemployment: It's All About Class ConflictRobert Pollin
    • 6.2 Raw Deal for Workers Chris Tilly
    • 6.3 Outsized Offshore Outsourcing John Miller
    • 6.4 Unemployment: A Jobs Deficit or a Skills Deficit John Miller and Jeannette Wicks-Lim
    • 6.5 How Blacks Might Fare in the Jobless Recovery Sylvia Allegretto and Steven Pitts
    • 6.6 Creating Decent Jobs: The Role of Unions Jeannette Wicks-Lim
    • 6.7 The Relationship of Unemployment and Inflation Ramaa Vasudevan
    • 6.8 Hot Commodities, Stuffed Markets, and Empty Bellies Ben Collins
  • Chapter 7: Perspectives on Macroeconomic Policy
    • Introduction
    • 7.1 The Revenge of the Classics John Miller and Gina Neff
    • 7.2 What's Wrong with Neoliberalism?Robert Pollin
    • 7.3 Fiscal Policy and "Crowding Out"Alejandro Reuss
    • 7.4 Inequality, Power, and Ideology Arthur MacEwan
    • 7.5 Beyond Keynesianism James M. Cypher
    • 7.6 Opening Pandora's Box: The Basics of Marxist EconomicsAlejandro Reuss
    • 7.7 Under the Margins: Feminist Economists Look at Gender and PovertyRandy Albelda
  • Chapter 8: International Trade and Finance
    • Introduction
    • 8.1 What is Globalization? Arthur MacEwan
    • 8.2 The Gospel of Free Trade: The New Evangelists Arthur MacEwan
    • 8.3 Comparative Advantage Ramaa Vasudevan
    • 8.4 (Economic) Freedom’s Just Another Word for…Crisis-ProneJohn Miller
    • 8.5 W(h)ither the Dollar? Katherine Sciacchitano
    • 8.6 Putting the “Global” in the Global Economic Crisis Smriti Rao
    • 8.7 Rich and Poor in the Global Economy Bob Sutcliffe
    • 8.8 Beyond the World Creditors’ Cartel Dariush Sokolov
    • 8.9 Is China's Currency Manipulation Hurting the U.S. Arthur MacEwan
    • 8.10 Chinese Workers Stand Up John Miller
    • 8.11 International Labor Standards Arthur MacEwan
    • 8.12 Nike to the Rescue? John Miller
  • Contributors