Real World Macro

Real World Macro cover image
Edition:
31st
Date of publication:
June 2014
ISBN:
978-1-939402-12-7
Price:
$34.95



  • Introduction
  • Chapter 1: Perspectives on Macroeconomic Theory
    • Introduction
    • 1.1 Inequality, Power, and IdeologyArthur MacEwan
    • 1.2 Keynes, Wage and Price “Stickiness,” and Deflation Alejandro Reuss
    • 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 Recovery Delayed Is Recovery Denied John Miller
    • 2.2 The Real Unemployment Rate Hits a 68-Year HighJohn Miller
    • 2.3 Unemployment is Down, So What's the Problem? Alejandro Reuss
    • 2.4 GDP and Its Discontents Alejandro Reuss
    • 2.5 Wages for Housework: The Movement and the Numbers Lena Graber and John Miller
    • 2.6 Measuring Economic Development Alejandro Reuss
  • 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 Income InequalityArthur MacEwan
    • 3.4 Black-White Income Differences: What's Happened?Arthur MacEwan
    • 3.5 The 99%, the 1%, and Class Struggle Alejandro Reuss
    • 3.6 Rich and Poor in the Global Economy Interview with Bob Sutcliffe
    • 3.7 The Riss of the Global Billionaires Robin Broad and John Cavanagh
    • 3.8 Vice Versa: Inequality and Our Economic Problems John Miller
  • Chapter 4: Savings and Investment
    • Introduction
    • 4.1 Boosting Investment: The Overrated Influence of Interest Rates Gretchen McClain and Randy Albelda
    • 4.2 Derivatives and Deregulation Marty Wolfson
    • 4.3 Financialization: A Primer Ramaa Vasudevan
    • 4.4 The Big Casino Doug Orr
    • 4.5 Was the Housing Bubble a Ponzi Scheme? Arthur MacEwan
    • 4.6 Collapsing Investment and the Great Recession Gerald Friedman
  • 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 The Great Tax-Cut Experiment Gerald Friedman
    • 5.5 Myths and Realities of Government Spending Gerald Friedman
    • 5.6 The $17 Trillion DelusionMarty Wolfson
    • 5.8 Beyond Debt and Growth An Interview with Robert Pollin
  • 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 From Tulips to Mortgage-Backed SecuritiesGerald Friedman
    • 6.6 We're All Minskyites NowRobert Pollin
    • 6.7 The Bailout of Fannie Mae and Freddie MacFred Moseley
    • 6.8 Glass-Steagall Now: Because the Banks Own Washington Dean Baker
    • 6.9 The Financial Crisis and the Second Great Depression Myth Dean Baker
    • 6.10 Securitization, Bubble, and Crisis Arthur MacEwan
  • 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 Unemployment: A Jobs Deficit or a Skills Deficit?John Miller and Jeannette Wicks-Lim
    • 7.4 Badge of Ignorance: Regulation is the Cause of Unemployment Dean Baker
    • 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 Our Triple Jobs Problem Alejandro Reuss
    • 7.8 The Chained CPI: Bad for Seniors, and for Accuracy John Miller
    • 7.9 Leisure or Unemployment: It’s a Political Question 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 Is China’s Currency Manipulation Hurting the U.S.?Arthur MacEwan
    • 8.4 Outsized Offshore Outsourcing John Miller
    • 8.5 After Horror, Apologetics John Miller
    • 8.6 China’s Development Banks Go Global Kevin Gallagher
    • 8.7 It Lowered Wages, As It Was Supposed to Do Dean Baker
    • 8.8 The Trade Deal Scam Dean Baker
    • 8.9 How Beer Explains 20 Years of NAFTA's Devastating Effects on Mexico Timothy A. Wise
    • 8.10 The Eurozone Balanced-Budget Disaster Philip Arestis and Malcolm Sawyer
  • 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 International Labor Standards Arthur MacEwan
    • 9.5 The Return of Capital Controls Armagan Gezici
    • 9.6 Greece and the Crisis of Europe: Which Way Out? Marjolein Van der Veen
    • 9.7 Battling the Global Goliaths Robin Broad
  • Contributors