Real World Macro

Real World Macro cover image
Edition:
34th
Date of publication:
June 2017
ISBN:
978-1-939402-30-1
Price:
$36.95



  • Introduction
  • Chapter 1: Perspectives on Macroeconomic Theory
    • Introduction
    • 1.1 What Does It Mean to Be Better Off? Zoe Sherman
    • 1.2 A Great Fall: The Origins and Crisis of Neoliberalism David Kotz
    • 1.3 What’s Wrong with Neoliberalism? Robert Pollin
    • 1.4 Trump and National Neoliberalism Sasha Breger Bush
    • 1.5 Opening Pandora’s Box: The Basics of Marxist Economics Alejandro Reuss
    • 1.6 The Growth Consensus Unravels Jonathan Rowe
    • 1.7 Sharing the Wealth of the Commons Peter Barnes
  • Chapter 2: Macroeconomic Measurement
    • Introduction
    • 2.1 GDP and Its Discontents Alejandro Reuss
    • 2.2 Household Labor, Caring Labor, Unpaid Labor Nancy Folbre
    • 2.3 Measuring Economic Development Alejandro Reuss
    • 2.4 The Real Unemployment Rate John Miller
    • 2.5 The Purchasing Power of the Minimum Wage Dean Baker
    • 2.6 Undercounting the Poor Jeannette Wicks-Lim
    • 2.7 What Congress Isn’t Seeing When the Government Spends Dean Baker
  • Chapter 3: Economic Growth and Business Cycles
    • Introduction
    • 3.1 Capitalism Hits the Fan Rick Wolff
    • 3.2 Are We Stuck in Economic Stagnation Arthur MacEwan
    • 3.3 The Productivity Growth Puzzle Gerald Friedman
    • 3.4 Debt and Development: Frequently Asked Questions Alejandro Reuss
    • 3.5 The “Emerging Economies” Today Jayati Ghosh
  • Chapter 4: Unemployment and Inflation
    • Introduction
    • 4.1 The Relation of Unemployment to Inflation Ramaa Vasudevan
    • 4.2 The "Natural Rate" of Unemployment: It’s All About Class Conflict Robert Pollin
    • 4.3 The Job Cremators Dean Baker
    • 4.4 Unemployment: A Jobs Deficit or a Skills Deficit? John Miller and Jeannette Wicks-Lim
    • 4.5 Artificial Intelligence and Unemployment Arthur MacEwan
    • 4.5 Labor and the Sharing Economy Anders Fremstad
    • 4.7 Keynes, Wage and Price “Stickiness,” and Deflation Alejandro Reuss
  • Chapter 5: Wealth, Inequality, and Poverty
    • Introduction
    • 5.1 Geese, Golden Eggs, and Traps: Why Inequality is Bad for the Economy Chris Tilly
    • 5.2 Inequality and Our Economic Problems John Miller
    • 5.3 Unions and Income Inequality Arthur MacEwan
    • 5.4 It Pays to Be White Jeannette Wicks-Lim
    • 5.5 Inequality in the World Arthur MacEwan
    • 5.6 Wealth Inequality and Wealth Taxation: A Primer on Piketty Steven Pressman
  • Chapter 6: Fiscal Policy, Deficits, and Austerity
    • Introduction
    • 6.1 The Ideological Attack on Job Creation Marty Wolfson
    • 6.2 Fiscal Policy and “Crowding Out” Alejandro Reuss
    • 6.3 Taxing the Wealthy and the Art of Sophistry John Miller
    • 6.4 The $17 Trillion Delusion Marty Wolfson
    • 6.5 The Disaster of Greek Austerity Evita Nolka
    • 6.6 Monetary Union and Fiscal Disunion Alejandro Reuss
  • Chapter 7: Money and Monetary Policy
    • Introduction
    • 7.1 What is Money? Doug Orr
    • 7.2 Should We Blame "Fractional Reserve" Banking? Arthur MacEwan
    • 7.3 Pushing on Strings Gerald Friedman
    • 7.4 LIBOR Liability Max Fraad Woolf
    • 7.5 The Fed Raises Rates ... By Paying Banks Marty Wolfson
    • 7.6 Inflation Targeting and Neoliberalism Gerald Epstein
    • 7.7 Keynes and the Limits of Monetary Policy Alejandro Reuss
  • Chapter 8: Savings, Investment, and Finance
    • Introduction
    • 8.1 Financialization: A Primer Ramaa Vasudevan
    • 8.2 From “Boring” Banking to “Roaring” Banking Gerald Epstein
    • 8.3 Stock Buybacks: Any Positive Outcome? Arthur MacEwan
    • 8.4 Bubble, Bubble, Toil, and Trouble Alejandro Reuss
    • 8.5 We’re All Minskyites Now Robert Pollin
    • 8.6 Lessons from Iceland’s Financial Crisis Nina Eichacker
  • Chapter 9: The Global Economy
    • Introduction
    • 9.1 The Gospel of Free Trade: The New Evangelists Arthur MacEwan
    • 9.2 Dollar Dominance Arthur MacEwan
    • 9.3 NAFTA: It Lowered Wages, As It Was Supposed to Do Dean Baker
    • 9.4 Do Trade Agreements Foreclose Progressive Policy? Arthur MacEwan
    • 9.5 Puerto Rico’s Colonial Debt Jose Laguarta Ramirez
    • 9.6 Understanding Brexit John Weeks
    • 9.7 Globalizationa and the End of the Labor Aristocracy Jayati Ghosh
  • Chapter 10: Resistance and Alternatives
    • Introduction
    • 10.1 What Would Full Employment Cost? Arthur MacEwan
    • 10.2 How Growth Can Be Green Robert Pollin
    • 10.3 Universal Health Care: Can We Afford Anything Less? Gerald Friedman
    • 10.4 Glass-Steagall Now: Because the Banks Own Washington Dean Baker
    • 10.5 Transforming the Fed Robert Pollin
    • 10.6 International Labor Standards Arthur MacEwan
    • 10.7 Land Reform and Economic Development Jawied Nawabi
    • 10.8 The Future of Work, Leisure, and Consumption Juliet Schor
  • Contributors