Real World Macro
- Date of publication:
- June 2013
Chapter 2: Measuring Economic Performance
2.1 When Is a Recession Over?
2.2 The Real Unemployment Rate Hits a 68-Year High
2.3 GDP and Its Discontents
2.4 Wages for Housework: The Movement and the Numbers
2.5 Measuring Economic Development
2.6 Undercounting the Poor
Chapter 3: Wealth, Inequality, and Poverty
3.1 Geese, Golden Eggs, and Traps: Why Inequality is Bad for the Economy
3.2 The Death of Horatio Alger
3.3 Unions and Economic Performance
3.4 The Great Recession in Black Wealth
3.5 The 99%, the 1%, and Class Struggle
3.6 Rich and Poor in the Global Economy
Chapter 4: Savings and Investment
4.1 Boosting Investment: The Overrated Influence of Interest Rates
4.2 Dow’s Rebound after the Great Recession Inconsequential for Most Americans
4.3 Derivatives and Deregulation
4.4 Was the Housing Bubble a Ponzi Scheme?
4.5 No More Savings!
4.6 Financialization: A Primer
Chapter 5: Fiscal Policy, Deficits, and Austerity
5.1 The Ideological Attack on Job Creation
5.2 Fiscal Policy and “Crowding Out”
5.3 The Betrayal of Public Workers
5.4 Who are "the 47%"?
5.5 The Great Tax-Cut Experiment
5.6 Myths and Realities of Government Spending
5.7 Beyond Deficit Scare-Mongering
5.8 Why the United States Is Not Greece
Chapter 6: Monetary Policy, Banking, and Financial Markets
6.1 What is Money?
6.2 How do Fiscal and Monetary Policy Compare?
6.3 Should We Blame "Fractional Reserve" Banking?
6.4 Pushing on Strings
6.5 Fed Up
6.6 From Tulips to Mortgage-Backed Securities
6.7 We're All Minskyites Now
6.8 The Bailout of Fannie Mae and Freddie Mac
Chapter 7: Unemployment and Inflation Introduction
7.1 The Relationship of Unemployment and Inflation
7.2 The "Natural Rate" of Unemployment: It's All About Class Conflict
7.3 Keynes, Wage and Price "Stickiness," and Deflation
7.4 Unemployment: A Jobs Deficit or a Skills Deficit?
7.5 How Blacks Might Fare in the Jobless Recovery
7.6 Women Breadwinners, Men Unemployed
7.7 Badge of Ignorance: Regulation is the Cause of Unemployment
Chapter 8: International Trade and Finance
8.1 The Gospel of Free Trade: The New Evangelists
8.2 Comparative Advantage
8.3 Are Low Wages and Job Loss Inevitable?
8.4 W(h)ither the Dollar?
8.5 Is China’s Currency Manipulation Hurting the U.S.?
8.6 Outsized Offshore Outsourcing
8.7 Nike to the Rescue?
8.8 Greece and the Eurozone Crisis by the Numbers
Chapter 9: Resistance and Alternatives
9.1 Rank-and-File Economics
9.2 We Need a (Green) Jobs Program
9.3 Universal Health Care: Can We Afford Anything Less?
9.4 Transforming the Fed
9.5 Chinese Workers Stand Up
9.6 International Labor Standards
9.7 The Return of Capital Controls
9.8 Greece and the Crisis of Europe: Which Way Out?
- Chapter 1: Perspectives on Macroeconomic Theory
- 1.1 Inequality, Power, and Ideology
- 1.2 What Happened to Keynesian Economics?
- 1.3 What’s Wrong with Neoliberalism?
- 1.4 The Growth Consensus Unravels
- 1.5 Under the Margins: Feminist Economists Look at Gender and Poverty
- 1.6 Opening Pandora’s Box: The Basics of Marxist Economics