Brief, relevant readings that spark independent thinking and classroom discussions

The Economics of Macro Issues is a collection of brief, relevant readings that spark independent thinking and classroom discussions in Principles of Economics and Social Issues. The text encourages readers to apply theoretical discussions to today’s important issues and to gain a deeper understanding of current macroeconomic policy concerns.

The Seventh Edition addresses critical new macroeconomic policy issues with timeliness and insight. It showcases pivotal developments in economic affairs and policymaking in ways that will provide both challenge and enlightenment to readers at all levels of academic achievement.

Roger LeRoy Miller

Roger LeRoy Miller received his PhD from the University of Chicago. Dr. Miller is a legal specialist and author of numerous books on law and the legal environment, including criminal procedure. In addition, Dr. Miller has authored books on the war on drugs, the economics of crime and criminal behavior, and on related topics.

Daniel K. Benjamin

Daniel K. Benjamin is an Alumni Distinguished Professor in the John E. Walker Department of Economics, Clemson University.

I. The Miracle of Economic Growth

1. Rich Nation, Poor Nation

2. Innovation and Growth

3. Outsourcing and Economic Growth

4. Poverty, Capitalism, and Growth

5. The Threat to Growth

II. The Business Cycle, Unemployment, and Inflation

6. What Should GDP Include?

7. What’s in a Word? Plenty, When It’s the ‘R’ Word

8. Capital, Wealth, and Inequality

9. The Great Stagflation

10. The Case of the Disappearing Workers

11. Mobility in America

12. Inflation and the Debt Bomb

13. Is it Real, or is it Nominal?

III. Fiscal Policy

14. Can we Afford the Affordable Care Act?

15. Who Really Pays Taxes?

16. Are You Stimulated Yet?

17. Higher Taxes Are in Your Future

18. The Myths of Social Security

IV. Monetary Policy and Financial Institutions

19. The Fed and Financial Panics

20. The Fed Feeding Frenzy

21. High-frequency Trading in Financial Markets

22. Deposit Insurance and Financial Markets

23. Revolutionizing the Way We Pay

V. Globalization and International Finance

24. The Value of the Dollar

25. Is the Eurozone Zoning Out?

26. The Global Power of the Big Mac

27. The Opposition to Globalization

28. The $750,000 Job

Glossary

References and Weblinks

Index