Real World Micro

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Real World Micro cover
Date of publication:
June 2022

Note: This is the table of contents for the latest (29th) edition of Real World Micro. If you are ordering a pdf of an earlier edition of this title, please ask your instructor for that edition's table of contents, and make sure you order your pdf using the URL your instructor gave you.

  • Introduction
  • Chapter 1: Markets: Ideology and Reality
    • Introduction
    • 1.1 The Unreal Basis of Neoclassical Economics Al Campbell, Ann Davis, David Fields, Paddy Quick, Jared Ragusett, and Geoffrey Schneider
    • 1.2 What I Learned (and Didn't Learn) in Econ 100 Tim Koechlin
    • 1.3 Shaking the Invisible Hand Chris Tilly
    • 1.4 Pursuing Profits—Or Power? James K. Boyce
    • 1.5 Freedom, Equity, and Efficiency Alejandro Reuss
    • 1.6 Sharing the Wealth of the Commons Peter Barnes
    • 1.7 The Future of Work, Leisure, and Consumption An Interview with Juliet Schor
  • Chapter 2: Supply and Demand
    • Introduction
    • 2.1 Price Gouging: It’s Just Supply and Demand Marc Breslow
    • 2.2 The Economics of Residential Rent Control Stephen Barton
    • 2.3 Getting Up to Speed on the Minimum Wage John Miller
    • 2.4 Drugs and Global Capitalism Sasha Breger Bush
    • 2.5 Are Governments Economically Stupid in Failing to Suspend Patent Protection for Vaccines? Arthur MacEwan
    • 2.6 Leaky Governance: The Politics and Economics of Fuel Theft in Mexico Francisco J. Aldape
    • 2.7 Crypto Will Not Liberate Us Hadas Thier
  • Chapter 3: Consumers
    • Introduction
    • 3.1 The 800-Pound Ronald McDonald in the Room Helen Scharber
    • 3.2 Underbanked and Overcharged Deborah M. Figart
    • 3.3 Forced Arbitration Is Bad for Consumers Heidi Shierholz
    • 3.4 The Limits of Ethical Consumerism Marc Triller
    • 3.5 Campus Struggles Against Sweatshops Continue Sarah Blaskey and Phil Gasper
    • 3.6 Leveraging Financial Markets for Social Justice Doug Orr
  • Chapter 4: Firms, Production, and Profit Maximization
    • Introduction
    • 4.1 What Are Corporations? Alejandro Reuss
    • 4.2 If Corporations Are People, What Kind of People Are They? Geoff Schneider
    • 4.3 What’s Good for Wal-Mart ... John Miller
    • 4.4 Neutralized: Big Tech's Retreat from Net Neutrality Rob Larson
    • 4.5 Caring by the Dollar: Nursing Homes, Private Equity, and Covid-19 Bill Barclay
    • 4.6 Boeing Hijacked by Shareholders and Execs! Marie Christine Duggan
  • Chapter 5: Market Failure I: Market Power
    • Introduction
    • 5.1 Is Small Beautiful? Is Bigger Better? Chris Tilly
    • 5.2 A Brief History of Mergers and Antitrust Policy Edward Herman
    • 5.3 Monopoly Everywhere Armağan Gezici
    • 5.4 Monopoly So Fragile: Container Ships Are Too Big to Sail Cory Doctorow
    • 5.5 Hopsopoly: Global Beer Mergers Reach a New Level Rob Larson
    • 5.6 The Bankruptcy Games: Private Equity Case Studies Bill Barclay
    • 5.7 How 'Big Oil' Works the System and Keeps Winning Naomi Orsekes and Jeff Nesbit
    • 5.8 Power, Wages, and Inequality Arthur MacEwan
  • Chapter 6: Market Failure II: Externalities
    • Introduction
    • 6.1 Why the Climate Crisis Is Also the Crisis of Capitalism Ying Chen And Güney Işikara
    • 6.2 Pricing the Priceless: Inside the Strange World of Cost–Benefit Analysis Lisa Heinzerling and Frank Ackerman
    • 6.3 Can We Afford a Stable Climate? Frank Ackerman
    • 6.4 Inequality, Sunk Costs, and Climate Justice Frank Ackerman
    • 6.5 Mapping Environmental Injustice Klara Zwickl, Michael Ash, and James K. Boyce
    • 6.6 Climate Change, Social Justice, and the Green New Deal Arthur MacEwan
  • Chapter 7: Labor Markets
    • Introduction
    • 7.1 The Great Resignation John Miller
    • 7.2 Covid Destroyed the Illusions of the Restaurant Industry Eoin Higgins
    • 7.3 Can the Decline of Organized Labor Be Reversed? Arthur MacEwan
    • 7.4 Household Labor, Caring Labor, Unpaid Labor Nancy Folbre
    • 7.5 Essential—and Expendable—Mexican Labor Mateo Crossa and James M. Cypher
    • 7.6 Credible Strike Threats Robert Ovetz
    • 7.7 The Fight for $20 and a Union Marty Bennett
    • 7.8 “Free” Labor and Unequal Freedom of Expression Zoe Sherman
  • Chapter 8: The Distribution of Income and Wealh
    • Introduction
    • 8.1 Geese, Golden Eggs, and Traps Chris Tilly
    • 8.2 The Rise in Inequality Alejandro Reuss
    • 8.3 "Equal Pay" Is Not So Equal John Miller
    • 8.5 Undervaluation Is a Certainty: Measuring Black Women’s Wage Gap An Interview with Michelle Holder
    • 8.6 The Undeserving Rich Gar Alperovitz and Lew Daly
    • 8.7 Do People Care About Extreme Inequality? Arthur MacEwan
    • 8.8 Concentration of Stock Ownership Ed Ford
    • 8.9 Financialization and Inequality Arthur MacEwan
  • Chapter 9: Taxation
    • Introduction
    • 9.1 Can Tax Cuts Really Increase Government Revenue? Ellen Frank
    • 9.2 The Great Tax-Cut Experiment Gerald Friedman
    • 9.3 Are Taxes the Best Way of Dealing with Inequality? Arthur MacEwan
    • 9.4 The Optimal Tax John Miller
    • 9.5 Taxing Unrealized Capital Gains Is Key to Undoing Tax Injustice John Miller
    • 9.6 Corporate Taxes: Less, Less, and Less Arthur MacEwan
  • Chapter 10: Trade and Development
    • Introduction
    • 10.1 Comparative Advantage Ramaa Vasudevan
    • 10.2 The Globalization Clock Thomas Palley
    • 10.3 Does U.S. Prosperity Depend on Exploitation? Arthur MacEwan
    • 10.4 Whatever Happened to Development? Jawied Nawabi
    • 10.5 Ford Drives Away from Brazil Débora Nunes
    • 10.6 The Political Economy of Power vs. Policy in Gabriel Boric’s Chile James M. Cypher
  • Contributors