Real World Macro

Real World Macro cover image
Edition:
30th
Date of publication:
June 2013
ISBN:
978-1-939402-03-5
Price:
$34.95

Please note, older editions of Real World Macro are not available for purchase on our website. Please call the D&S office at (617) 447-2177 to purchase older editions of our books.




  • Introduction
  • Chapter 1: Perspectives on Macroeconomic Theory
    • Introduction
    • 1.1 Inequality, Power, and IdeologyArthur MacEwan
    • 1.2 What Happened to Keynesian Economics? Arthur MacEwan
    • 1.3 What’s Wrong with Neoliberalism?Robert Pollin
    • 1.4 The Growth Consensus Unravels Jonathan Rowe
    • 1.5 Under the Margins: Feminist Economists Look at Gender and PovertyRandy Albelda
    • 1.6 Opening Pandora’s Box: The Basics of Marxist Economics Alejandro Reuss
  • Chapter 2: Measuring Economic Performance
    • Introduction
    • 2.1 When Is a Recession Over? John Miller
    • 2.2 The Real Unemployment Rate Hits a 68-Year HighJohn Miller
    • 2.3 GDP and Its Discontents Alejandro Reuss
    • 2.4 Wages for Housework: The Movement and the Numbers Lena Graber and John Miller
    • 2.5 Measuring Economic Development Alejandro Reuss
    • 2.6 Undercounting the Poor Jeannette Wicks-Lim
  • Chapter 3: Wealth, Inequality, and Poverty
    • Introduction
    • 3.1 Geese, Golden Eggs, and Traps: Why Inequality is Bad for the EconomyChris Tilly
    • 3.2 The Death of Horatio AlgerPaul Krugman
    • 3.3 Unions and Economic PerformanceArthur MacEwan
    • 3.4 The Great Recession in Black WealthJeannette Wicks-Lim
    • 3.5 The 99%, the 1%, and Class Struggle Alejandro Reuss
    • 3.6 Rich and Poor in the Global Economy Interview with Bob Sutcliffe
  • Chapter 4: Savings and Investment
    • Introduction
    • 4.1 Boosting Investment: The Overrated Influence of Interest Rates Gretchen McClain and Randy Albelda
    • 4.2 Dow’s Rebound after the Great Recession Inconsequential for Most Americans Sylvia Allegretto
    • 4.3 Derivatives and Deregulation Marty Wolfson
    • 4.4 Was the Housing Bubble a Ponzi Scheme? Arthur MacEwan
    • 4.5 No More Savings! Ellen Frank
    • 4.6 Financialization: A Primer Ramaa Vasudevan
  • Chapter 5: Fiscal Policy, Deficits, and Austerity
    • Introduction
    • 5.1 The Ideological Attack on Job CreationMarty Wolfson
    • 5.2 Fiscal Policy and “Crowding Out”Alejandro Reuss
    • 5.3 The Betrayal of Public Workers Robert Pollin and Jeffrey Thompson
    • 5.4 Who are "the 47%"? Gerald Friedman
    • 5.5 The Great Tax-Cut Experiment Gerald Friedman
    • 5.6 Myths and Realities of Government Spending Gerald Friedman
    • 5.7 Beyond Deficit Scare-Mongering Ellen Frank
    • 5.8 Why the United States Is Not Greece John Miller and Katherine Sciacchitano
  • Chapter 6: Monetary Policy, Banking, and Financial Markets
    • Introduction
    • 6.1 What is Money?Doug Orr
    • 6.2 How do Fiscal and Monetary Policy Compare? Arthur MacEwan
    • 6.3 Should We Blame "Fractional Reserve" Banking? Arthur MacEwan
    • 6.4 Pushing on StringsGerald Friedman
    • 6.5 Fed UpRobert Larson
    • 6.6 From Tulips to Mortgage-Backed SecuritiesGerald Friedman
    • 6.7 We're All Minskyites NowRobert Pollin
    • 6.8 The Bailout of Fannie Mae and Freddie MacFred Moseley
  • Chapter 7: Unemployment and Inflation
    • Introduction
    • 7.1 The Relationship of Unemployment and Inflation Ramaa Vasudevan
    • 7.2 The "Natural Rate" of Unemployment: It's All About Class ConflictRobert Pollin
    • 7.3 Keynes, Wage and Price "Stickiness," and DeflationAlejandro Reuss
    • 7.4 Unemployment: A Jobs Deficit or a Skills Deficit?John Miller and Jeannette Wicks-Lim
    • 7.5 How Blacks Might Fare in the Jobless Recovery Sylvia Alegretto and Steven Pitts
    • 7.6 Women Breadwinners, Men Unemployed Heather Boushey
    • 7.7 Badge of Ignorance: Regulation is the Cause of Unemployment Dean Baker
  • Chapter 8: International Trade and Finance
    • Introduction
    • 8.1 The Gospel of Free Trade: The New Evangelists Arthur MacEwan
    • 8.2 Comparative Advantage Ramaa Vasudevan
    • 8.3 Are Low Wages and Job Loss Inevitable?Arthur MacEwan
    • 8.4 W(h)ither the Dollar?Katherine Sciacchitano
    • 8.5 Is China’s Currency Manipulation Hurting the U.S.?Arthur MacEwan
    • 8.6 Outsized Offshore Outsourcing John Miller
    • 8.7 Nike to the Rescue?John Miller
    • 8.8 Greece and the Eurozone Crisis by the NumbersGerald Friedman
  • Chapter 9: Resistance and Alternatives
    • 9.1 Rank-and-File Economics Katherine Sciacchitano
    • 9.2 We Need a (Green) Jobs Program Jeannette Wicks-Lim
    • 9.3 Universal Health Care: Can We Afford Anything Less? Gerald Friedman
    • 9.4 Transforming the Fed Robert Pollin
    • 9.5 Chinese Workers Stand Up John Miller
    • 9.6 International Labor Standards Arthur MacEwan
    • 9.7 The Return of Capital Controls Armagan Gezici
    • 9.8 Greece and the Crisis of Europe: Which Way Out? Marjolein Van der Veen
  • Contributors