Real World Macro

Real World Macro cover image
Edition:
32nd
Date of publication:
June 2015
ISBN:
978-1-939402-18-9
Price:
$36.95



  • Introduction
  • Chapter 1: Perspectives on Macroeconomic Theory
    • Introduction
    • 1.1 Inequality, Power, and IdeologyArthur MacEwan
    • 1.2 What’s Wrong with Neoliberalism?Robert Pollin
    • 1.3 What Does It Mean to Be "Better Off"?Zoe Sherman
    • 1.4 Opening Pandora's Box: The Basics of Marxist Economics Alejandro Reuss
    • 1.5 Sharing the Wealth of the Commons Peter Barnes
  • Chapter 2: Macroeconomic Performance
    • Introduction
    • 2.1 The Growth Consensus Unravels Jonathan Rowe
    • 2.2 GDP and Its Discontents Alejandro Reuss
    • 2.3 Household Labor, Unpaid Labor, Caring Labor Nancy Folbre
    • 2.4 Measuring Economic Development Alejandro Reuss
    • 2.5 The Specter of Secular Stagnation John Miller
    • 2.6 Can "Abenomics" Revive Japan's Economy? Junji Tokunaga
  • 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 What Happened to Wages? Gerald Friedman
    • 3.4 Unions and Income InequalityArthur MacEwan
    • 3.5 The Great Recession in Black WealthJeannette Wicks-Lim
    • 3.6 Inequality in the World Arthur MacEwan
    • 3.7 Wealth Inequality and Wealth Taxation Steven Pressman
    • 3.8 The Undeserving Rich Gar Alperovitz and Lew Daly
  • Chapter 4: Fiscal Policy, Deficits, and Austerity
    • Introduction
    • 4.1 The Ideological Attack on Job CreationMarty Wolfson
    • 4.2 Fiscal Policy and “Crowding Out”Alejandro Reuss
    • 4.3 The Great Tax-Cut Experiment Gerald Friedman
    • 4.4 Myths and Realities of Government Spending Gerald Friedman
    • 4.5 The $17 Trillion DelusionMarty Wolfson
    • 4.6 Beyond Debt and Growth An Interview with Robert Pollin
    • 4.7 The Costs of Austerity Gerald Friedman
  • Chapter 5: Money and Monetary Policy
    • Introduction
    • 5.1 What is Money?Doug Orr
    • 5.2 How do Fiscal and Monetary Policy Compare? Arthur MacEwan
    • 5.3 Should We Blame "Fractional Reserve" Banking? Arthur MacEwan
    • 5.4 Keynes and the Limits of Monetary Policy Alejandro Reuss
    • 5.5 Pushing on StringsGerald Friedman
    • 5.6 The Financial Crisis and the Second Great Depression Myth Dean Baker
  • Chapter 6: Savings, Investment, and Finance
    • Introduction
    • 6.1 From "Boring" Banking to "Roaring" Banking Gerald Epstein
    • 6.2 Derivatives and Deregulation Marty Wolfson
    • 6.3 Financialization: A Primer Ramaa Vasudevan
    • 6.4 Bubble, Bubble, Toil, and Trouble Alejandro Reuss
    • 6.5 We're All Minskyites Now Robert Pollin
    • 6.6 Securitization, the Bubble, and the Crisis Arthur MacEwan
    • 6.7 Glass-Steagall Now: Because the Banks Own Washington Dean Baker
  • 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 Conflict Robert Pollin
    • 7.3 Unemployment: A Jobs Deficit or a Skills Deficit? John Miller and Jeannette Wicks-Lim
    • 7.4 The Real Unemployment Rate John Miller
    • 7.5 Badge of Ignorance: The Notion that Regulation Is the Cause of Unemployment Dean Baker
    • 7.6 How Blacks Might Fare in aJobless Recovery Sylvia Alegretto and Steven Pitts
    • 7.7 Women Breadwinners, Men Unemployed Heather Boushey
    • 7.8 Keynes, Wage and Price "Stickiness," and Deflation Alejandro Reuss
  • Chapter 8: Development and the Global Economy
    • Introduction
    • 8.1 The Gospel of Free Trade: The New Evangelists Arthur MacEwan
    • 8.2 Comparative Advantage Ramaa Vasudevan
    • 8.3 Is China's Currency Manipulation Hurting the U.S.?Arthur MacEwan
    • 8.4 Outsized Offshore Outsourcing John Miller
    • 8.5 After Horror, Change? John Miller
    • 8.6 It Lowered Wages, As It Was Supposed to Do Dean Baker
    • 8.7 Trans-Pacific Partnership: Corporate Power Unbound John Miller
    • 8.8 A Way Out for Greece and Germany Marie Duggan
  • Chapter 9: Resistance and Alternatives
    • 9.1 We Need a (Green) Jobs Program Jeannette Wicks-Lim
    • 9.2 Universal Health Care: Can We Afford Anything Less? Gerald Friedman
    • 9.3 Transforming the Fed Robert Pollin
    • 9.4 Leisure or Unemployment: It's a Political Question Dean Baker
    • 9.5 Greece and the Crisis of Europe: Which Way Out? Marjolein Van der Veen
    • 9.6 Remembering the "Tokyo No" Robin Broad
    • 9.7 China's Development Banks Go Global Kevin Gallagher
    • 9.8 Land Reform and Economic Development Jawied Nawabi
    • 9.9 The Future of Work, Leisure, and Consumption Juliet Schor
  • Contributors