Real World Macro

book cover image
Edition:
26th Edition
Date of publication:
June 2009
ISBN:
978-1-878585-96-7
Pages:
208
Price:
$33.95


  • Introduction
  • Chapter 1: Measuring Economic Performance
    • Introduction
    • 1.1 What's In a Name? Crisis, Recession, Depression John Miller
    • 1.2 The Real Unemployment RateJohn Miller
    • 1.3 CPI BluesJoshua Holland
    • 1.4 The Growth Consensus UnravelsJonathan Rowe
    • 1.5 Gender and recessionHeather Boushey
    • 1.6 Wages for Housework: The Movement and the NumbersLena Graber and John Miller
    • 1.7 War Spending Placed Above Domestic PrioritiesMonique Morrisey
  • Chapter 2: Wealth, Inequality, and Poverty
    • Introduction
    • 2.1 Slicing Up at the Long Barbeque James M. Cypher
    • 2.2 What's good for Wal-Mart John Miller
    • 2.3 Measures of PovertyEllen Frank
    • 2.4 Access to Paid Sick Days Vastly UnequalElise Gould
    • 2.5 The Death of Horatio AlgerPaul Krugman
    • 2.6 America's Growing Fringe Economy Howard Karger
    • 2.7 Geese, Golden Eggs, and Traps: Why Inequality is Bad for the EconomyChris Tilly
    • 2.8 Transforming the Engines of Inequality William Greider
    • 2.9 Rich and Poor in the Global Economy Interview with Bob Sutcliffe
  • 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 Private Equity ExposedOrlando Segura, Jr.
    • 3.5 From Tulips to Mortgage-Backed SecuritiesGerald Friedman
    • 3.6 Who Gets Those Trillions?Arthur MacEwan
    • 3.7 The Homeownership Myth Howard Karger
    • 3.8 How to Stop the Foreclosures: A Review of the Policy ProposalsFred Moseley
  • Chapter 4: Capitalism in Crisis
    • Introduction
    • 4.1 Inequality, Power, and Ideology Arthur MacEwan
    • 4.2 Derivatives and DeregulationMarty Wolfson
    • 4.3 Crisis and Neoliberal CapitalismDavid Kotz
    • 4.4 Capitalism Hits the Fan: The current crisis did not start with finance, and it won't end with financeRick Wolff
    • 4.5 The Greed FallacyArthur MacEwan
    • 4.6 Top Ten Ways to Recognize a The Next Great DepressionJohn Miller
    • 4.7 Financialization: a PrimerRamaa Vasudevan
  • Chapter 5: Fiscal Policy, Deficits, and Debt
    • Introduction
    • 5.1 A New WPA? Ryan A. Dodd
    • 5.2 Stimulus WhiningJohn Miller
    • 5.3 Bail out the Safety Net Randy Albelda
    • 5.4 War Spending, Deficits, and Economic StimulusArthur MacEwan
    • 5.5 The Tax Cut ConPaul Krugman
    • 5.6 One-Quarter of Large U.S. Corporations don't Pay Profit Taxes - Why Should the Rest?John Miller
    • 5.7 Social Security Isn’t BrokenDoug Orr
    • 5.8 The Opposite of Insurance James Woolman
  • Chapter 6: Monetary Policy and Financial Markets
    • Introduction
    • 6.1 What is Money?Doug Orr
    • 6.2 Focus on the Fed Doug Orr and Ellen Frank
    • 6.3 How do Fiscal and Monetary Policy Compare? Arthur MacEwan
    • 6.4 Pushing on StringsGerald Friedman
    • 6.5 The Fed and the International Banking Conspiracy Arthur MacEwan
    • 6.6 (Mis) Understanding a Banking Industry in Transition William K. Black
    • 6.7 Dealing with a 'Rotten Tooth'Arthur MacEwan
    • 6.8 The Bear Stearns BailoutArthur MacEwan
    • 6.9 When a Hedge Fund Makes $3bn, Who Loses $3bn?Arthur MacEwan
    • 6.10 The Bailout of Fannie Mae and Freddie MacFred Moseley
    • 6.11 Time for Permanent NationalizationFred Moseley
    • 6.12 Transforming the FedRobert Pollin
  • Chapter 7: Unemployment and Inflation
    • Introduction
    • 7.1 The "Natural Rate" of Unemployment: It's All About Class ConflictRobert Pollin
    • 7.2 Raw Deal for Workers Chris Tilly
    • 7.3 Coming Clean on Class ConflictJohn Miller
    • 7.4 Outsized Offshore Outsourcing John Miller
    • 7.5 The Relationship of Unemployment and InflationRamaa Vasudevan
    • 7.6 Hot Commodities, Stuffed Markets, and Empty Bellies: What's behind higher food prices?Ben Collin
  • Chapter 8: Perspectives on Macroeconomic Policy
    • Introduction
    • 8.1 The Revenge of the Classics John Miller and Gina Neff
    • 8.2 What's Wrong with Neoliberalism? The Marx, Keynes, and Polanyi ProblemsRobert Pollin
    • 8.3 Keynes and the Limits of Monetary Policy Alejandro Reuss
    • 8.4 Fiscal Policy and the "Treasury View"Alejandro Reuss
    • 8.5 Opening Pandora's Box: The Basics of Marxist EconomicsAlejandro Reuss
    • 8.6 Under the Margins: Feminist Economists Look at Gender and PovertyRandy Albelda
  • Chapter 9: International Trade and Finance
    • Introduction
    • 9.1 What is Globalization? Arthur MacEwan
    • 9.2 The Gospel of Free Trade: The New Evangelists Arthur MacEwan
    • 9.3 Comparative Advantage Ramaa Vasudevan
    • 9.4 Free, Free at Last: Debunking the Economic Freedom IndexJohn Miller
    • 9.5 The Specter of Capital FlightMarie Duggan
    • 9.6 The Global Oil MarketPaul Cummings
    • 9.7 Measures of Global PovertyArthur MacEwan
    • 9.8 Inequality Worsens Across AsiaJohn Miller
    • 9.9 The Social Cost of Neoliberalism in ChinaStephen Philion
    • 9.10 Remittances to the Rescue?Alissa Thuotte
    • 9.11 Women of NAFTAMartha A. Ojeda
    • 9.12 International Labor StandardsArthur MacEwan
    • 9.13 Nike to the Rescue? John Miller
  • Contributors