Real World Macro

Real World Macro cover image
Edition:
35th
Date of publication:
June 2018
ISBN:
978-1-939402-36-3
Price:
$36.95



  • Introduction
  • Chapter 1: Perspectives on Macroeconomic Theory
    • Introduction
    • 1.1 What Does It Mean to Be Better Off? Zoe Sherman
    • 1.2 What’s Wrong with Neoliberalism? Robert Pollin
    • 1.3 Opening Pandora’s Box: The Basics of Marxist Economics Alejandro Reuss
    • 1.4 Sharing the Wealth of the Commons Peter Barnes
    • 1.5 Transnational Capital and Transnational Labor An Interview with William K. Tabb
  • Chapter 2: Macroeconomic Measurement
    • Introduction
    • 2.1 The Growth Consensus Unravels Jonathan Rowe
    • 2.2 Household Labor, Caring Labor, Unpaid Labor Nancy Folbre
    • 2.3 GDP and Its Discontents Alejandro Reuss
    • 2.4 Measuring Economic Development Alejandro Reuss
    • 2.5 Growing Together, Flying Apart Gerald Friedman
    • 2.6 Deflators and the Purchasing Power of the Minimum Wage Dean Baker
    • 2.7 Undercounting the Poor Jeannette Wicks-Lim
  • Chapter 3: Economic Growth and Business Cycles
    • Introduction
    • 3.1 The U.S Economy: What Is Going On? Arthur MacEwan and John Miller
    • 3.2 A Future for Growth—If We Choose It? Gerald Friedman
    • 3.3 Is Economic Growth Environmentally Sustainable? Arthur MacEwan
    • 3.4 The “Emerging Economies” Today Jayati Ghosh
  • Chapter 4: Unemployment and Inflation
    • Introduction
    • 4.1 The Relation of Unemployment to Inflation Ramaa Vasudevan
    • 4.2 The "Natural Rate" of Unemployment: It’s All About Class Conflict Robert Pollin
    • 4.3 Let's See How Low the Unemployment Rate Can Go Dean Baker
    • 4.4 What Are The Effects of a $15 Minimum Wage? Arthur MacEwan
    • 4.5 The Real Unemployment Rate John Miller
    • 4.6 Keynes, Wage and Price “Stickiness,” and Deflation Alejandro Reuss
  • Chapter 5: Wealth, Inequality, and Poverty
    • Introduction
    • 5.1 Geese, Golden Eggs, and Traps: Why Inequality is Bad for the Economy Chris Tilly
    • 5.2 The Stock Market and Class Conflict John Miller
    • 5.3 Unions and Income Inequality Arthur MacEwan
    • 5.4 Why Are Wages Growing So Slowly? Arthur MacEwan
    • 5.5 Fifty Years After the Kerner Commission Janelle Jones, John Schmitt, and Valerie Wilson
    • 5.6 Inequality in the World Arthur MacEwan
    • 5.7 Wealth Inequality and Wealth Taxation: A Primer on Piketty Steven Pressman
  • Chapter 6: Fiscal Policy, Deficits, and Austerity
    • Introduction
    • 6.1 The Ideological Attack on Job Creation Marty Wolfson
    • 6.2 Fiscal Policy and “Crowding Out” Alejandro Reuss
    • 6.3 The Trump/GOP Tax Act John Miller
    • 6.4 New York State's Big Middle Finger to the GOP Dean Baker
    • 6.5 The Human Toll of Greek Austerity Evita Nolka
    • 6.6 Puerto Rico's Colonial Debt Jose A. Laguarta Ramirez
    • 6.7 Military Spending in the Swampland James M. Cypher
  • Chapter 7: Money and Monetary Policy
    • Introduction
    • 7.1 What is Money? Doug Orr
    • 7.2 Modern Money Robert Hockett
    • 7.3 Should We Blame "Fractional Reserve" Banking? Arthur MacEwan
    • 7.4 Pushing on Strings Gerald Friedman
    • 7.5 The Fed's Interest-Rate Hike Will PRevent People from Getting Jobs Dean Baker
    • 7.6 Inflation-Targeting and Neoliberalism Gerald Epstein
    • 7.7 Keynes and the Limits of Monetary Policy Alejandro Reuss
  • Chapter 8: Savings, Investment, and Finance
    • Introduction
    • 8.1 Financialization: A Primer Ramaa Vasudevan
    • 8.2 From “Boring” Banking to “Roaring” Banking Gerald Epstein
    • 8.3 Stock Buybacks: Any Positive Outcome? Arthur MacEwan
    • 8.4 Bubble Bubble, Toil and Trouble Alejandro Reuss
    • 8.5 We’re All Minskyites Now Robert Pollin
    • 8.6 Lessons from Iceland’s Financial Crisis Nina Eichacker
    • 8.7 Ten Years after the Financial Crisis: Our Elites Have Learned Nothing Dean Baker
  • Chapter 9: The Global Economy
    • Introduction
    • 9.1 The Gospel of Free Trade: The New Evangelists Arthur MacEwan
    • 9.2 The Globalization Clock Thomas Palley
    • 9.3 Dollar Dominance Arthur MacEwan
    • 9.4 NAFTA: It Lowered Wages, As It Was Supposed to Do Dean Baker
    • 9.5 Beyond Trump's Tariffs and Trade War John Miller
    • 9.6 Understanding Brexit John Weeks
    • 9.7 Globalization and the End of the Labor Aristocracy Jayati Ghosh
  • Chapter 10: Resistance and Alternatives
    • Introduction
    • 10.1 What Would Full Employment Cost? Arthur MacEwan
    • 10.2 How Growth Can Be Green Robert Pollin
    • 10.3 Progressives Need a Tax-Reform Agenda Gerald Friedman
    • 10.4 Glass-Steagall Now: Because the Banks Own Washington Dean Baker
    • 10.5 Transforming the Fed Robert Pollin
    • 10.6 International Labor Standards Arthur MacEwan
    • 10.7 Land Reform and Economic Development Jawied Nawabi
  • Contributors