Real World Macro

Real World Macro cover image
Edition:
29th
Date of publication:
August 2012
ISBN:
978-1-878585-89-9
Price:
$34.95

Please note, older editions of Real World Macro are not available for purchase on our website. Please call the D&S office at (617) 447-2177 to purchase older editions of our books.




  • Introduction
  • Chapter 1: Measuring Economic Performance
    • Introduction
    • 1.1 When Is A Recession Over? John Miller
    • 1.2 Same Output + Fewer Hours = Economic Crisis? Alejandro Reuss
    • 1.3 Inexcusable: “Dr. Phil’s” Financial Recession John Miller
    • 1.4 The Real Unemployment Rate Hits a 68-Year HighJohn Miller
    • 1.5 How Blacks Might Fare in the Jobless Recovery Sylvia Allegretto and Steven Pitts
    • 1.6 Women Breadwinners, Men Unemployed Heather Boushey
    • 1.7 Hey, Big Number, Make Room for the Rest of UsLouis Uchitelle
    • 1.8 Wages for Housework: The Movement and the NumbersLena Graber and John Miller
    • 1.9 Measuring Economic Development Alejandro Reuss
  • Chapter 2: Perspectives on Macroeconomic Policy
    • Introduction
    • 2.1 The Revenge of the Classics John Miller and Gina Neff
    • 2.2 What’s Wrong with Neoliberalism?Robert Pollin
    • 2.3 Inequality, Power, and IdeologyArthur MacEwan
    • 2.4 Rank-and-File EconomicsKatherine Sciacchitano
    • 2.5 The Growth Consensus Unravels Jonathan Rowe
    • 2.6 Under the Margins: Feminist Economists Look at Gender and PovertyRandy Albelda
    • 2.7 Opening Pandora’s Box: The Basics of Marxist Economics Alejandro Reuss
  • Chapter 3: Wealth, Inequality, and Poverty
    • Introduction
    • 3.1 Slicing Up at the Long Barbeque James M. Cypher
    • 3.2 Unions and Economic PerformanceArthur MacEwan
    • 3.3 The Death of Horatio AlgerPaul Krugman
    • 3.4 No Thanks to the Super-RichAlejandro Reuss
    • 3.5 The Great Recession in Black WealthJeannette Wicks-Lim
    • 3.6 Different Anti-Poverty Programs, Same Single-Mother Poverty Randy Albelda
    • 3.7 Rich and Poor in the Global Economy Interview with Bob Sutcliffe
    • 3.8 Geese, Golden Eggs, and Traps: Why Inequality is Bad for the EconomyChris Tilly
  • Chapter 4: Savings and Investment
    • Introduction
    • 4.1 Boosting Investment: The Overrated Influence of Interest Rates Gretchen McClain and Randy Albelda
    • 4.2 Dow’s Rebound after the Great Recession Inconsequential for Most AmericansSylvia Allegretto
    • 4.3 From Tulips to Mortgage-Backed Securities Gerald Friedman
    • 4.4 The New World of Home Loans Amy Gluckman
    • 4.5 The Giant Pool of MoneyArthur MacEwan
    • 4.6 Derivatives and DeregulationMarty Wolfson
    • 4.7 The Case for a National Infrastructure Bank Heidi Garrett-Peltier
    • 4.8 No More Savings! Ellen Frank
    • 4.9 Financialization: A Primer Ramaa Vasudevan
  • Chapter 5: Fiscal Policy, Deficits, and Debt
    • Introduction
    • 5.1 A New WPA? Ryan A. Dodd
    • 5.2 Responding to RevisionismGerald Friedman
    • 5.3 How I Learned to Stop Worrying and Love the DeficitJohn Miller
    • 5.4 Myths of the Deficit Marty Wolfson
    • 5.5 Fiscal Policy and “Crowding Out”Alejandro Reuss
    • 5.6 The Betrayal of Public Workers Robert Pollin and Jeffrey Thompson
    • 5.7 We Need a (Green) Jobs Program Jeannette Wicks-Lim
    • 5.8 Taxes and Economic Growth Arthur MacEwan
    • 5.9 Sand in the Wheels, Not in the FaceJohn Miller
    • 5.10 Social Security Q&A: Separating Fact from Fiction Doug Orr
    • 5.11 Universal Health Care: Can We Afford Anything Less? Gerald Friedman
  • Chapter 6: Monetary Policy and Financial Markets
    • Introduction
    • 6.1 What is Money?Doug Orr
    • 6.2 Focus on the Fed Doug Orr and Ellen Frank
    • 6.3 How do Fiscal and Monetary Policy Compare? Arthur MacEwan
    • 6.4 Pushing on StringsGerald Friedman
    • 6.5 Fed UpRobert Larson
    • 6.6 Not Too Big Enough Rob Larson
    • 6.7 Still Banking on FraudWilliam Black
    • 6.8 The Bailout of Fannie Mae and Freddie MacFred Moseley
    • 6.9 Transforming the FedRobert Pollin
  • Chapter 7: Unemployment and Inflation
    • Introduction
    • 7.1 The "Natural Rate" of Unemployment: It's All About Class ConflictRobert Pollin
    • 7.2 Raw Deal for Workers Chris Tilly
    • 7.3 Outsized Offshore Outsourcing John Miller
    • 7.4 Keynes, Wage and Price "Stickiness," and DeflationAlejandro Reuss
    • 7.5 Unemployment: A Jobs Deficit or a Skills Deficit?John Miller and Jeannette Wicks-Lim
    • 7.6 Creating Decent Jobs: The Role of Unions Jeannette Wicks-Lim
    • 7.7 The Relationship of Unemployment and Inflation Ramaa Vasudevan
  • 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 Are Low Wages and Job Loss Inevitable?Arthur MacEwan
    • 8.4 Putting the “Global” in the Global Economic Crisis Smriti Rao
    • 8.5 W(h)ither the Dollar?Katherine Sciacchitano
    • 8.6 Why the United States Is Not Greece John Miller and Katherine Sciacchitano
    • 8.7 Is China’s Currency Manipulation Hurting the U.S.?Arthur MacEwan
    • 8.8 Chinese Workers Stand UpJohn Miller
    • 8.9 International Labor StandardsArthur MacEwan
    • 8.10 Nike to the Rescue?John Miller
  • Contributors