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Real World Macro

Edition:

30th

Date of publication:

June 2013

ISBN:

978-1-939402-03-5

Price:

$34.95

• About
• Table of Contents

• Introduction
• Chapter 1: Perspectives on Macroeconomic Theory
  • Introduction
  • 1.1 Inequality, Power, and IdeologyArthur MacEwan
  • 1.2 What Happened to Keynesian Economics? Arthur MacEwan
  • 1.3 What’s Wrong with Neoliberalism?Robert Pollin
  • 1.4 The Growth Consensus Unravels Jonathan Rowe
  • 1.5 Under the Margins: Feminist Economists Look at Gender and PovertyRandy Albelda
  • 1.6 Opening Pandora’s Box: The Basics of Marxist Economics Alejandro Reuss
• Chapter 2: Measuring Economic Performance
  • Introduction
  • 2.1 When Is a Recession Over? John Miller
  • 2.2 The Real Unemployment Rate Hits a 68-Year HighJohn Miller
  • 2.3 GDP and Its Discontents Alejandro Reuss
  • 2.4 Wages for Housework: The Movement and the Numbers Lena Graber and John Miller
  • 2.5 Measuring Economic Development Alejandro Reuss
  • 2.6 Undercounting the Poor Jeannette Wicks-Lim
• Chapter 3: Wealth, Inequality, and Poverty
  • Introduction
  • 3.1 Geese, Golden Eggs, and Traps: Why Inequality is Bad for the EconomyChris Tilly
  • 3.2 The Death of Horatio AlgerPaul Krugman
  • 3.3 Unions and Economic PerformanceArthur MacEwan
  • 3.4 The Great Recession in Black WealthJeannette Wicks-Lim
  • 3.5 The 99%, the 1%, and Class Struggle Alejandro Reuss
  • 3.6 Rich and Poor in the Global Economy Interview with Bob Sutcliffe
• 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 Americans Sylvia Allegretto
  • 4.3 Derivatives and Deregulation Marty Wolfson
  • 4.4 Was the Housing Bubble a Ponzi Scheme? Arthur MacEwan
  • 4.5 No More Savings! Ellen Frank
  • 4.6 Financialization: A Primer Ramaa Vasudevan
• Chapter 5: Fiscal Policy, Deficits, and Austerity
  • Introduction
  • 5.1 The Ideological Attack on Job CreationMarty Wolfson
  • 5.2 Fiscal Policy and “Crowding Out”Alejandro Reuss
  • 5.3 The Betrayal of Public Workers Robert Pollin and Jeffrey Thompson
  • 5.4 Who are "the 47%"? Gerald Friedman
  • 5.5 The Great Tax-Cut Experiment Gerald Friedman
  • 5.6 Myths and Realities of Government Spending Gerald Friedman
  • 5.7 Beyond Deficit Scare-Mongering Ellen Frank
  • 5.8 Why the United States Is Not Greece John Miller and Katherine Sciacchitano
• Chapter 6: Monetary Policy, Banking, and Financial Markets
  • Introduction
  • 6.1 What is Money?Doug Orr
  • 6.2 How do Fiscal and Monetary Policy Compare? Arthur MacEwan
  • 6.3 Should We Blame "Fractional Reserve" Banking? Arthur MacEwan
  • 6.4 Pushing on StringsGerald Friedman
  • 6.5 Fed UpRobert Larson
  • 6.6 From Tulips to Mortgage-Backed SecuritiesGerald Friedman
  • 6.7 We're All Minskyites NowRobert Pollin
  • 6.8 The Bailout of Fannie Mae and Freddie MacFred Moseley
• Chapter 7: Unemployment and Inflation
  • Introduction
  • 7.1 The Relationship of Unemployment and Inflation Ramaa Vasudevan
  • 7.2 The "Natural Rate" of Unemployment: It's All About Class ConflictRobert Pollin
  • 7.3 Keynes, Wage and Price "Stickiness," and DeflationAlejandro Reuss
  • 7.4 Unemployment: A Jobs Deficit or a Skills Deficit?John Miller and Jeannette Wicks-Lim
  • 7.5 How Blacks Might Fare in the Jobless Recovery Sylvia Alegretto and Steven Pitts
  • 7.6 Women Breadwinners, Men Unemployed Heather Boushey
  • 7.7 Badge of Ignorance: Regulation is the Cause of Unemployment Dean Baker
• 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 W(h)ither the Dollar?Katherine Sciacchitano
  • 8.5 Is China’s Currency Manipulation Hurting the U.S.?Arthur MacEwan
  • 8.6 Outsized Offshore Outsourcing John Miller
  • 8.7 Nike to the Rescue?John Miller
  • 8.8 Greece and the Eurozone Crisis by the NumbersGerald Friedman
• Chapter 9: Resistance and Alternatives
  • 9.1 Rank-and-File Economics Katherine Sciacchitano
  • 9.2 We Need a (Green) Jobs Program Jeannette Wicks-Lim
  • 9.3 Universal Health Care: Can We Afford Anything Less? Gerald Friedman
  • 9.4 Transforming the Fed Robert Pollin
  • 9.5 Chinese Workers Stand Up John Miller
  • 9.6 International Labor Standards Arthur MacEwan
  • 9.7 The Return of Capital Controls Armagan Gezici
  • 9.8 Greece and the Crisis of Europe: Which Way Out? Marjolein Van der Veen
• Contributors