Real World Macro
- Date of publication:
- June 2016
Chapter 2: Macroeconomic Measurement
2.1 What Does It Mean to Be Better Off?
2.2 Household Labor, Caring Labor, Unpaid Labor
2.3 GDP and Its Discontents
2.4 Measuring Economic Development
2.5 The Real Unemployment Rate
Chapter 3: Economic Growth and Business Cycles
3.1 Capitalism Hits the Fan
3.2 The Specter of Secular Stagnation
3.3 German Wage Repression
3.4 Can "Abenomics" Revive Japan's Economy?
3.5 The "Emerging Economies" Today
3.6 Debt and Development: Frequently Asked Questions
Chapter 4: Unemployment and Inflation Introduction
4.1 The "Natural Rate" of Unemployment: It's All About Class Conflict
4.2 Unemployment: A Jobs Deficit or a Skills Deficit?
4.3 Badge of Ignorance: Regulation is the Cause of Unemployment
4.4 The Disaster of Greek Austerity
4.5 The Gig Economy
4.6 Keynes, Wage and Price "Stickiness," and Deflation
Chapter 5: Wealth, Inequality, and Poverty
5.1 Geese, Golden Eggs, and Traps: Why Inequality is Bad for the Economy
5.2 Inequality and Our Economic Problems
5.3 Unions and Income Inequality
5.4 The Great Recession in Black Wealth
5.5 Inequality in the World
5.6 Wealth Inequality and Wealth Taxation: A Primer on Piketty
Chapter 6: Fiscal Policy, Deficits, and Austerity
6.1 The Ideological Attack on Job Creation
6.2 Fiscal Policy and "Crowding Out"
6.3 The Great Tax-Cut Experiment
6.4 The $17 Trillion Delusion
6.5 What's Next for Greece?
Chapter 7: Money and Monetary Policy
7.1 What is Money?
7.2 Should We Blame "Fractional Reserve" Banking?
7.3 Keynes and the Limits of Monetary Policy
7.4 Pushing on Strings
7.5 The Financial Crisis and the Second Great Depression Myth
7.6 The Fed Raises Rates ... By Paying Banks
Chapter 8: Savings, Investment, and Finance
8.1 Financialization: A Primer
8.2 From "Boring" Banking to "Roaring" Banking
8.3 Derivatives and Deregulation
8.4 Bubble, Bubble, Toil, and Trouble
8.5 We're All Minskyites Now
Chapter 9: The Global Economy
9.1 The Gospel of Free Trade: The New Evangelists
9.2 Dollar Dominance
9.3 It Lowered Wages, As It Was Supposed to Do
9.4 Trans-Pacific Partnership: Corporate Power Unbound
9.5 TTIP: It's Not About Trade
9.6 A Way Out for Greece and Europe
9.7 Missing Women Workers
Chapter 10: Resistance and Alternatives
10.1 What Would Full Employment Cost?
10.2 We Need a (Green) Jobs Program
10.3 Universal Health Care: Can We Afford Anything Less?
10.4 Glass-Steagall Now: Because the Banks Own Washington
10.5 Transforming the Fed
10.6 Remembering the "Tokyo No"
10.7 After Horror, Change?
10.8 Land Reform and Economic Development
10.9 The Future of Work, Leisure, and Consumption
- Chapter 1: Perspectives on Macroeconomic Theory
- 1.1 A Great Fall: The Origins and Crisis of Neoliberalism
- 1.2 What's Wrong with Neoliberalism?
- 1.3 Opening Pandora's Box: The Basics of Marxist Economics
- 1.4 Sharing the Wealth of the Commons
- 1.5 The Growth Consensus Unravels