Real World Macro

Real World Macro cover image

Note: If you are a student at UMass-Amherst or Bentley, please order through Collective Copies/Levellers Press (link here). If you order through us, there will likely be significant delays.

Edition:
41st
Date of publication:
May 2024
ISBN:
978-1-939402-88-2
Price:
$47.50



Note: This is the table of contents for the latest (41st) edition of Real World Macro. 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: Perspectives on Macroeconomic Theory
    • Introduction
    • 1.1 What's Wrong with Neoliberalism? Robert Pollin
    • 1.2 How the Coronavirus Crisis Became an Economic Crisis Alejandro Reuss
    • 1.3 Opening Pandora’s Box: The Basics of Marxist Economics Alejandro Reuss
    • 1.4 Sharing the Wealth of the Commons Peter Barnes
    • 1.5 "Everything Is Connected to Everything Else" Arthur MacEwan
  • Chapter 2: Macroeconomic Measurement
    • Introduction
    • 2.1 What Does It Mean to Be "Better Off"? Zoe Sherman
    • 2.2 GDP and Its Discontents Alejandro Reuss
    • 2.3 Measuring Economic Development Alejandro Reuss
    • 2.4 Undercounting the Poor Jeannette Wicks-Lim
    • 2.5 The Inflation Reality and the Attack on Wages Arthur MacEwan
  • Chapter 3: Economic Growth and Business Cycles
    • Introduction
    • 3.1 Dating the Recession John Miller
    • 3.2 Growth, Growth, Growth: What Will Happen? Arthur MacEwan
    • 3.3 A Future for Growth—If We Choose It? Gerald Friedman
    • 3.4 Growing Together, Flying Apart Gerald Friedman
    • 3.5 Who Benefits from U.S. Economic Expansions? Ed Ford
  • Chapter 4: Unemployment and Inflation
    • Introduction
    • 4.1 The Relationship of Unemployment to Inflation Ramaa Vasudevan
    • 4.2 Inflation Is Surging: Round Up the Usual Scapegoats John Miller
    • 4.3 The Price Increases That Matter for the Poor Jayati Ghosh
    • 4.4 The Great Resignation and the Labor Shortage John Miller
    • 4.5 The "Natural Rate" of Unemployment Robert Pollin
    • 4.6 What Would Full Employment Cost? Arthur MacEwan
    • 4.7 Keynes, Wage and Price “Stickiness,” and Deflation Alejandro Reuss
    • 4.8 Southern Economic Strategy Exposed Ed Ford
    • 4.9 AI and the Future of Work Robert Ovetz
  • Chapter 5: Wealth, Inequality, and Poverty
    • Introduction
    • 5.1 Wealth, Inequality, and All ThatBill Barclay
    • 5.2 The United States: Plutocracy or Democracy? Marianne Hill
    • 5.3 Geese, Golden Eggs, and Traps: Why Inequality is Bad for the Economy Chris Tilly
    • 5.4 Death and Inequality Arthur MacEwan
    • 5.5 Race Inequality, Class Inequality Arthur MacEwan
    • 5.6 Inequality, Sunk Costs, and Climate Justice Frank Ackerman
    • 5.7 Control the Vampire Companies Jayati Ghosh
  • Chapter 6: Fiscal Policy, Deficits, and Austerity
    • Introduction
    • 6.1 Fiscal Policy and “Crowding Out” Alejandro Reuss
    • 6.2 Corporate Taxes: Less, Less, and Less Arthur MacEwan
    • 6.3 The Debt Ceiling: What's It All About? John Miller
    • 6.4 Reform of Global Taxation Cannot Wait Jayati Ghosh
    • 6.5 The Potential of Tax Reform in Latin America C.P. Chandrasekhar and Jayati Ghosh
    • 6.6 Millionaires’ Tax Reality Back at You John Miller
    • 6.7 Rescued, Then Abandoned: The Elimination of the Expanded Child Tax Credit Ed Ford
  • Chapter 7: Money and Monetary Policy
    • Introduction
    • 7.1 The New Tools of the Fed John Miller
    • 7.2 Powell’s Interest Rate Reflex When Workers Flex Power Kalena Thomhave
    • 7.3 The Fed's 2% Inflation Target John Miller
    • 7.4 The Fed and the Coronavirus Crisis Gerald Epstein and John Miller
    • 7.5 The Fed and the Racial Wealth Gap John Miller
    • 7.6 It's Time to Ditch "Pay-for" Politics Yeva Nersisyan and L. Randall Wray
    • 7.7 What Is Money? Doug Orr
    • 7.8 Pushing on Strings Gerald Friedman
    • 7.9 Keynes and the Limits of Monetary Policy Alejandro Reuss
    • 7.10 Dollar Dominance Arthur MacEwan
  • Chapter 8: Finance, Savings, and Investment
    • Introduction
    • 8.1 Financialization: A Primer Ramaa Vasudevan
    • 8.2 Concentration of Stock Ownership Ed Ford
    • 8.3 Stock Buybacks: Any Positive Outcome? Arthur MacEwan
    • 8.4 Is "Short-Selling" Bad for the Economy? Arthur MacEwan
    • 8.5 Bubble Bubble, Toil and Trouble Alejandro Reuss
    • 8.6 We’re All Minskyites Now Robert Pollin
    • 8.7 The Heavy, Unequal Burden of Student Debt Nick French
  • Chapter 9: The Global Economy
    • Introduction
    • 9.1 Neoliberalism and Neocolonialism Jayati Ghosh
    • 9.2 The Gospel of Free Trade: The New Evangelists Arthur MacEwan
    • 9.3 The Globalization Clock Thomas Palley
    • 9.4 Does U.S. Prosperity Depend on Exploitation? Arthur MacEwan
    • 9.5 Globalization in Crisis John Miller
    • 9.6 Ruined Rivers: The Hidden Crisis of Unchecked Mining in Kashmir Mir Aiyaz
    • 9.7 The Whole World Debt Crisis Sasha Breger Bush
  • Chapter 10: Resistance and Alternatives
    • Introduction
    • 10.1 Union Democracy Stands Up Barry Eidlin
    • 10.2 Battling Starbucks Saurav Sarkar
    • 10.3 Climate Change, Social Justice, and the Green New Deal Arthur MacEwan
    • 10.4 Essential, But Treated as Expendable: Farmworkers Are Vital to Climate Justice Lin Nelson
    • 10.5 International Labor Standards Arthur MacEwan
    • 10.6 Land Reform: A Precondition for Sustainable Economic Development Jawied Nawabi
  • Contributors