Real World Macro
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:
- 39th
- Date of publication:
- June 2022
- ISBN:
- 978-1-939402-61-5
- Price:
- $42.50
Note: This is the table of contents for the latest (39th) 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 How the Coronavirus Crisis Became an Economic Crisis Alejandro Reuss
- 1.2 Labor and the Economic Impacts of the Covid-19 Crisis Alejandro Reuss
- 1.3 What's Wrong with Neoliberalism? Robert Pollin
- 1.4 Opening Pandora’s Box: The Basics of Marxist Economics Alejandro Reuss
- 1.5 Sharing the Wealth of the Commons Peter Barnes
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 A Care Theory of Value Nancy Folbre
2.5 Undercounting the Poor Jeannette Wicks-Lim
2.6 Traditional Measures of Unemployment Are Missing the Mark Mark Paul
2.7 Corporate Profits Have Contributed Disproportionately to Inflation Josh Bivens
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
Chapter 4: Unemployment and Inflation Introduction
4.1 The Great Resignation and the Labor Shortage John Miller
4.2 The "Natural Rate" of Unemployment Robert Pollin
4.3 The Relation of Unemployment to Inflation Ramaa Vasudevan
4.4 What Would Full Employment Cost? Arthur MacEwan
4.5 The Fight for $20 and a Union Martin J. Bennett
4.6 Keynes, Wage and Price “Stickiness,” and Deflation Alejandro Reuss
4.7 The Price Increases That Matter for the Poor
Jayati Ghosh
Chapter 5: Wealth, Inequality, and Poverty
Introduction
5.1 Pundits Claim Fighting Inequality Is Bad for Low-Wage WorkersJohn Miller
5.2 Geese, Golden Eggs, and Traps: Why Inequality is Bad for the Economy Chris Tilly
5.3 Do People Care About Extreme Inequality? Arthur MacEwan
5.4 Fifty Years After the Kerner Commission Janelle Jones, John Schmitt, and Valerie Wilson
5.8 Inequality, Sunk Costs, and Climate Justice Frank Ackerman
5.9 Rich Jerks In Space Dean Baker
5.10 Current Employment and Wage Conditions Ed Ford
Chapter 6: Fiscal Policy, Deficits, and Austerity
- Introduction
- 6.1 The Coronavirus Consensus: "Spend, Spend, Spend" Gerald Epstein
- 6.2 State and Local Austerity Amanda Page-Hoongrajok
- 6.3 Fiscal Policy and “Crowding Out” Alejandro Reuss
- 6.4 Police Violence Is Enabled by “Liberal” Politicians’ Massive Spending Sonali Kolhatkar
- 6.5 Corporate Taxes: Less, Less, and Less
Arthur MacEwan
- 6.6 Reform of Global Taxation Cannot Wait
Jayati Ghosh
Chapter 7: Money and Monetary Policy
Introduction
7.1 The New Tools of the Fed John Miller
7.2 The Fed and the Coronavirus Crisis Gerald Epstein and John Miller
7.3 The Fed and the Racial Wealth Gap John Miller
7.4 It's Time to Ditch "Pay-for" Politics Yeva Nersisyan and L. Randall Wray
7.5 What Is Money? Doug Orr
7.6 Cryptocurrency Will Not Liberate Us Hadas Thier
7.7 Pushing on Strings Gerald Friedman
7.8 Keynes and the Limits of Monetary Policy Alejandro Reuss
7.9 Dollar Dominance Arthur MacEwan
Chapter 8: Finance, Savings, and Investment
- Introduction
- 8.1 Financialization: A Primer Ramaa Vasudevan
- 8.2 From “Boring” Banking to “Roaring” Banking An Interview with Gerald Epstein
- 8.3 Corporate Bankers Wary of Public Banking Rick Girling
- 8.4 Concentration of Stock Ownership Ed Ford
- 8.5 Stock Buybacks: Any Positive Outcome? Arthur MacEwan
- 8.6 Is "Short-Selling" Bad for the Economy? Arthur MacEwan
- 8.7 Bubble Bubble, Toil and Trouble Alejandro Reuss
- 8.8 We’re All Minskyites Now Robert Pollin
- 8.9 Why Is Student Debt Cancelation Such a Big Deal? Arthur MacEwan
Chapter 9: The Global Economy
Introduction
9.1 The Pandemic and the Global Economy Jayati Ghosh
9.2 Neoliberalism and Neocolonialism Jayati Ghosh
9.3 The Gospel of Free Trade: The New Evangelists Arthur MacEwan
9.4 The Globalization Clock Thomas Palley
9.5 Does U.S. Prosperity Depend on Exploitation? Arthur MacEwan
9.6 Confronting Neoliberalism at Last: Power vs. Policy in Gabriel Boric's Chile
James M. Cypher
9.7 Stringent, Stingy, and Severe: The Covid-19 Crisis in Modi's India
Smriti Rao
Chapter 10: Resistance and Alternatives
- Introduction
- 10.1 Solidarity Beyond the Crisis Francisco Pérez and Luis Feliz Leon
- 10.2 Bigger Than Amazon: Why Nonprofit Worker Unionizing Matters Robert Ovetz
- 10.3 Leveraging Financial Markets for Social Justice Doug Orr
- 10.4 Climate Change, Social Justice, and the Green New Deal Arthur MacEwan
- 10.5 International Labor Standards Arthur MacEwan
- 10.6 Land Reform: A Precondition for Sustainable Economic Development Jawied Nawabi
- 10.7 India’s Farmers’ Protests
Sirisha Naidu
Contributors

Dollars & Sense
P.O. Box 209,
Portsmouth, NH 03802
Phone: (617) 447-2177
Fax: (617) 447-2179
.
© 2022
Economic
Affairs
Bureau,
Inc.