Real World Macro
- Date of publication:
- June 2014
Chapter 2: Measuring Economic Performance
2.1 Recovery Delayed Is Recovery Denied
2.2 The Real Unemployment Rate Hits a 68-Year High
2.3 Unemployment is Down, So What's the Problem?
2.4 GDP and Its Discontents
2.5 Wages for Housework: The Movement and the Numbers
2.6 Measuring Economic Development
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 Income Inequality
3.4 Black-White Income Differences: What's Happened?
3.5 The 99%, the 1%, and Class Struggle
3.6 Rich and Poor in the Global Economy
3.7 The Riss of the Global Billionaires
3.8 Vice Versa: Inequality and Our Economic Problems
Chapter 4: Savings and Investment
4.1 Boosting Investment: The Overrated Influence of Interest Rates
4.2 Derivatives and Deregulation
4.3 Financialization: A Primer
4.4 The Big Casino
4.5 Was the Housing Bubble a Ponzi Scheme?
4.6 Collapsing Investment and the Great Recession
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 The Great Tax-Cut Experiment
5.5 Myths and Realities of Government Spending
5.6 The $17 Trillion Delusion
5.8 Beyond Debt and Growth
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 From Tulips to Mortgage-Backed Securities
6.6 We're All Minskyites Now
6.7 The Bailout of Fannie Mae and Freddie Mac
6.8 Glass-Steagall Now: Because the Banks Own Washington
6.9 The Financial Crisis and the Second Great Depression Myth
6.10 Securitization, Bubble, and Crisis
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 Unemployment: A Jobs Deficit or a Skills Deficit?
7.4 Badge of Ignorance: Regulation is the Cause of Unemployment
7.5 How Blacks Might Fare in the Jobless Recovery
7.6 Women Breadwinners, Men Unemployed
7.7 Our Triple Jobs Problem
7.8 The Chained CPI: Bad for Seniors, and for Accuracy
7.9 Leisure or Unemployment: It’s a Political Question
Chapter 8: International Trade and Finance
8.1 The Gospel of Free Trade: The New Evangelists
8.2 Comparative Advantage
8.3 Is China’s Currency Manipulation Hurting the U.S.?
8.4 Outsized Offshore Outsourcing
8.5 After Horror, Apologetics
8.6 China’s Development Banks Go Global
8.7 It Lowered Wages, As It Was Supposed to Do
8.8 The Trade Deal Scam
8.9 How Beer Explains 20 Years of NAFTA's Devastating Effects on Mexico
8.10 The Eurozone Balanced-Budget Disaster
Chapter 9: Resistance and Alternatives
9.1 We Need a (Green) Jobs Program
9.2 Universal Health Care: Can We Afford Anything Less?
9.3 Transforming the Fed
9.4 International Labor Standards
9.5 The Return of Capital Controls
9.6 Greece and the Crisis of Europe: Which Way Out?
9.7 Battling the Global Goliaths
- Chapter 1: Perspectives on Macroeconomic Theory
- 1.1 Inequality, Power, and Ideology
- 1.2 Keynes, Wage and Price “Stickiness,” and Deflation
- 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