"X" Macro

~ A Pedestrian's Guide to Political Economy ~
"Gallery of Economists"
"Political Economy Library"
"Classics of Political Economy"

~ Draft Version ~

I. "Well Begun Is Half Done."     Aristotle

* READ:
"A Table of Political Economy", Abelda, Gunn, Waller, "Alternative to Economic Orthodoxy".
"Economies, Economists and Economics", Kit Simmons Taylor, "Human society and The Global Economy".
"Heterdox Economics Newsletter", Frederic Lee ,"l.web.umkc.edu".
"The Role of Ideology", R. Carson, W. Thomas, and J. Hecht, "Economic Issues Today: Alternative Approaches"
"The Study of Economics and Economists", Raymond Franklin, "American Capitalism:Two Visions"
"The Economist Behind the Curtain", Jared Berstein, "All Together Now: Common Sense for a Fair Economy"
"Karl Marx's Historical Method", Ronald Meek, "Economics and Ideology".
"Alternative Economic Philosophies", Carson, Thomas and Hecht, "Economic Issues Today".
"Ask Dr. Dollar: Radical vs. Liberal Economics", Ellen Frank, "DollarandSense.org".
"Market Fundamentalism vs. Moral Economy", Fred Block, "Longview Institute".
"A Moral Economy", Fred Block,"The Nation"
"Back to Basics: Progressive Economics for the 21st Century", Thomas Palley, "thomaspalley.com".
"From Keynesianism to Neoliberalism: Shifting Paradigms in Economics", Thomas Palley, "thomaspalley.com".
"Breaking the Neoclassical Monopoly in Economics", Thomas Palley, "thomaspalley.com".

* VIEW:
"What Happened to Our Dream of Freedom": Parts I & II, Adam Curtis (BBC), "InformationClearingHouse.info".
"The Power of Nightmares": Parts I, II & III, Adam Curtis (BBC), "InformationClearingHouse.info".
"The Global Warming Debate", On-Line NewsHour, "pbs.org"
"We Must Reverse Global Warming", Jeffrey Sacks, "CommonDreams.org".
"Green Economics", Paul Ekins, "The Atlas of Green Economics".

* VISIT:
"Cost of War", "costofwar.com".
"The Worse Things Get in Irag, The More Privatized this War Becomes, The More Profitable This War Becomes", Naomi Klein,"DemocracyNow.org".
"War in Iraq Aims a Bullet at the Heart of the Economy", James K. Galbraith, "Los Angeles Times".
"Coming Home from War on the Cheap: Shortchanging the Wounded", Judith Coburn, "CommonDreams.org".
"Bush's Shadow Army", Jery Scahill, "The Nation".
"737 U.S. Military Bases = Global Empire", Chalmers Johnson, "Alternet.org".

* MORE READINGS:
" Real Wages Fail to Match a Rise in Productivity", New York Times, "CommonDreams.org"
"How Low-Wage Jobs Damage Us All", Beth Shulman, "The Betrayal Of Work".
"Minimum Wage Raise Is Good For Business", Holly Sklar,"Commondreams.org"
" The Minimum Wage is the Minimum: A Call for Moral Outrage", Sally Kohn, "CommonDreams.org"
"A Just Minimum Wage", Holley Sklar, "afsc.org"
"Minimum Wage: The Floor Has Holes In It", Zack Z. Smith,"Fort-Worth Star-Telegram".
"Minimum Wage (FAQ)", EPI Issue Guide, "Economic Policy Institute".
"Minimum Wages and the Human Commodity", John Buell, "CommonDreams.org".
"High Wages, Low Wages, and Moraliy", David R. Francis, "Christian Science Monitor".
"Ergonomics a Women's Issue?", Lisa Girion, "Los Angeles Times"

II. "The Invisible Hand" & "The Handshake"

* READ:
"Three Great Economists", Heilbroner & Thurow, "Economics Explained".
"Capitalism's Crises and Critics", Kit Sims Taylor, "Human Society and the Global Economy".
"The Keynesian Revolution", Kit Sims Taylor, "Human Society and the Global Economy".
"Keynesianism: What it is and why it still matters.", Thomas Palley, "thomaspalley.com".
The "M > C > ...P... > C* > M*" Model , F. Green & B. Sutcliff, "The Profit System".
"The Mercantilist Policy System", Salvatore Schiavo-Campo, "International Economics".
"Classical Liberalism", E. K. Hunt, "Property and Prophets".
"The Social Contract", Laurence S. Seidman, "Economic Parables & Policies".
"Markets: Guided by an Invisivible Hand or Foot?", Robin Hahnel, "The ABCs of Political Economy: A Modern Approach".
"Socialism as it was Always Meant to Be", Michael Albert & Robin Hahnel, "The Participatory Economics Project".
"The Three Efficiencies", Robert Kuttner, "Everything For Sale".

* VIEW:
"Confessions of an Economic Hit Man", Video Interview, "DemocracyNow.org"
Readings From Howard Zinn's "Voices of a People's History of the United States", DemocracyNow.com
"Remembering John K. Galbraith Video, "pbs.org"
"Community Investment", KPBS NewsHour' Video, "pbs.org".
"Good Business Deeds", KPBS 'NewsHour' Video, "pbs.org".

* VISIT:
"Center for Popular Economics", "populareconomics.org".
"Low-Wage Work" , Beth Shulman, "Fainess Initiate on Low-Wage Work".
"Close to Slavery: Guestworker Programs in the United States" , Mary Bauer, "DemocracyNow.org".
"Ford and GM Devastate Workers By Slashing Jobs And Closing Plants", Video, "DemocracyNow.org".

* MORE READINGS:
"Close to Slavery: Guestworker Programs in the United States", Southern Poverty Law Center, "splcenter.org".
"The New Rules Economy: A Policy Framework for the 21st Century", "ThirdWay.com".
"Hustling Backwards - How the Economy Fails the Working Poor", Bob Burnett, "CommonDreams.org".
"What Numbers Aren't Saying About the Economy Most live In", Pierre Tristam, "Datona Beach News-Journal".
"Rich Man, Poor Man: Hungry Children in America", Cesar Chelala, "Seattle Times".

III. "How Are We Doing?"

* READ:
"Productivity: Is The Boom Over?", John Miller, "inthesetimes.com".
"Green-Collar Jobs for Urban America", V. Jones & Ben Wyskida, "Alternet.org".
"Free Fall In The Free Market" , "RockridgeNation.org".
"U.S Economy Leaving Record Numbers in Severe Poverty", Tony Pugh, "McClatchy Newspapers".
"Slicing Up At The Long Barbeque: Who Gorges, Who Serves, and Who Gets Roaasted?",James Cypher, "Dollarsndsense. org".
"What's Wrong With The GDP?" , "Redefining Progress. org".
"The 'Thing' Economy and the 'Care' Economy", Fred Block, "Alternet.org".
"Why Working Women Are Stuck in the 1950s", Ruth Rosen, "Alternet.org".

* VIEW:
"Economic Indicators", "epi.org".
"Child Labor Exposed in Guatemalan Province Visited by President Bush", "The National Labor Committee".
"Layoffs Cause Selfesteem Problems, Author Finds", KPBS "NewsHour" Video, "pbs.org"
"Job Threat", KPBS 'NewsHour' Video, "pbs.org"
"Disappearing Dropouts" KPBS 'NewsHour' Video, "pbs.org"
"A Days Work" KPBS 'NewsHour' Video, "pbs.org"
"Philadelphia Plans Citywide Wireless Internet" KPBS 'NewsHour' Video, "pbs.org"

* VISIT:
"The Levy Institute Measure of Economic Well-Being (LIMEW)", The Levy Economic Institute, "levy.org".
"Redefining Progress", "Redefining Progress.org"
"Economic Network", "Yardeni.com"
"U.S. Economic Accounts", "Bureau of Economic Analysis"
"Economagic",   "Economagic.com"
"Current Economic Data",   "MartinCapital.com"
"Economic Statistics",   "Whitehouse.gov".
"Economic Indicators", CEA, Joint Economic Committee.
"Essential Principle of Economics", William King Website.
"Data Library", "FreeLunch.com"

* MORE READINGS:
"Standing Up For Moral Value of Economic Justice", Michael Zweig, "Baltimore Sun".
"Social-Economic Justice", J. Wilson in Ekins & Max-Ned,"Real-Life Economics".
"Living in the Fringe Economy", Howard Karger, "Dollars and Sense".
"If America is Richer, Why Are its Families So Much Less Secure?", Peter G.Gosselin, "Los Angeles Times".
"The Poor Have More Things Today- Including Wild Income Swings", Peter G.Gosselin, "Los Angeles Times".
"How Just a Handful of Setbacks Sent the Ryans Tumbling Out of Prosperity", Peter G.Gosselin, "Los Angeles Times".
"The Source of the Statistics and How They Were Analyzed", Peter G.Gosselin, "Los Angeles Times".
"Plight Deepens for Black Men, Studies Warn", Erik Eckholm, "The New York Times".
"Slow Wage Growth but Soaring Profits in the Current Recovery", John Miller, "DollarandSense.org".
"Workers' Saftey Net Is Full of Loopholes", Steve Lopez, "Los Angeles Times".
"A Paradox of Progress: Stepped-Up Stress", Gregg Easterbrook, "Los Angeles Times".
"Econmy's Growing, but Where Are the New Jobs?", Nicholas Riccardi, "Los Angeles Times".
"Long-Term Jobless Find a Degree Just Isn't Working", Nicholas Riccardi, "Los Angeles Times".
"Wealth & Inequality By the Numbers", United for a Fair Economy, "DollarsandSense.org".

IV. "A Very Special Variable"

* READ:
"The Role of Profit In The Leading Indicator System", Norman Frumkin, "Tracking America's Economy".

* VIEW:
"Profits and Principles", KPBS 'NewsHour' Video, "pbs.org"
"Wealth and Democracy", KPBS 'NewsHour' Video, "pbs.org"

* VISIT:
"The Upside-Down Economy", "The Center for American Progress".
"Income Inequality Charts","United For A Fair Economy".
"Wealth Inequality Charts","United For A Fair Economy".
"CEO Pay Charts","United For A Fair Economy".
"Inequality Matters", "inequality.org"
"Wealth and Income Inequality in the USA", Multinational Monitor
"A Perfect Picture of Profit", Orley Amos, "A Pedestrian's Guide to the Economy".

* MORE READINGS:
"A Model of Profit", The Levy Economic Institute, "levy.org".
"The Incredible Shrinking Middle Class",John Balzar, "Los Angeles Times".
"Nearly 36 Million Americans Living in Poverty", "Reuters".
"Boom Time for Billionaires", "CommonDreams.org".
"Divided Decade:...", Collins, Hartman, Sklar, "United for a Fair Economy".
" The Cavernous Divide: More Billionaires, More Poverty", Scott Klinger, "CommonDreams.org".

V. "Maps & Models"

* READ:
"Macroeconomics Through Time", James K. Galbraith & W. Darity Jr., "Macroeconomics".
"What Kind of Economy?", James K. Galbraith, "CommonDreams.org".
"Looking Over Our Shoulder ... Origins of the Modern Economy...", Robert Carson, "What Economists Know...".
"Economic Models", Gary Evans, "Macroeconomics".
"Aggregate Supply & Aggregate Demand" Model, Gary Evans, "Macroeconomics".

* VIEW:
The 'Keynesian' Theory', J. Neilis & D. Parker, "The Essence of the Economy".
The "Injections & Leakages" Model, J. Neilis & D. Parker, "The Essence of the Economy".
"The Supply Side", St. Louis Federal Reserve, "Economic Review".

* VISIT:
"Luxury Fever", KPBS 'NewsHour' Video, "pbs.org"

VI. "Money, Money, Money,.."

* READ:
"Managing Credit-Money", Robert Guttmann, "Reforming Money and Finance".
"The Loanable Funds Model", Gary Evans, "Introduction to Macroeconomics".
"Comment on Marx's Theory of Money and Alienation", "Economics.about.com".
"Attack of the Mortgage Vultures", Matthew Rothschild, "The Progressive".
"The Myth of the Risky Sub-Prime Borrower", Mark Winston Griffith, "Alternet.org".
"Privatizing and Profiteering", Robert Kuttner, "The Boston Globe".
"Lenders Sought Edge Against U.S. in Student Loans", J. Glater & K. Arenson, "New york Times"
"Overselling Capitlism with Consumerism", Benjamin Barber, "Baltimore Sun"
"Who is to Blame for the Mortgage Carnage and Coming Financial Disaster?...", Nouriel Roubini , "Rubini Global Economic Monitor".

* VIEW:
"In Debt We Trust: America Before the Bubble Burst", Danny Schechter ,"DemocracyNow.org"
"Subprime Lending Crisis: Millions of Families Face Losing Their Homes to Foreclosure", Keith Ernst, "DemocracyNow.org"
"Dealing With Debt", KPBS Video, "pbs.org"
"Payday Lending", KPBS 'NewsHour' Video, "pbs.org"

* VISIT:
"Real Estate Roller Coaster", Richard Hodge, "speculativebubble.com".
"FOMC Alert", Financial Markets Center, "fmcenter.org".
"The Board of Governors of the Federal Reserve System", The Federal Reserve.
"The '12' Federal Reserve Districts", The Federal Reserve.
"FED 101", The Federal Reserve.
"How The Fed Works", "money.howstuffworks.com".

* MORE READINGS:
"Interest", George P. Brockway, "The End of Economic Man".
"Banks and Rates", Stephen Rousseas, "Post Keynesian Monetary Economics".
"Speculation & The Stock Market", George P. Brockway,"The End of Economic Man".
"How The Bond Market Works", Olivar Blanchard, "Macroeconomics".
"Bonds: Prices & Rates", Frederick Mishkin,"The Economics of Money, Banking, ...".

VII. The"ABCs" of Stabilization Policy

* READ:
The "AD & AS" Model, Robert Carson, "What Economists Know...".
"Introduction to Business Cycles", Gary Evans "Macroeconomics".

A. Monetary Policy

* READ:
"The Federal Reserve and the Control of Money", James K. Galbraith & W. Darity Jr., "Macroeconomics".
"Bernanke's Dilema",William Greider, "Dollars & Sense".
"The Questionable Legacy of Alan Greenspan", Thomas Palley, "Challenge".
"Alan Greenspan: The One-Eyed King", William Grieder, "The Nation".
"Watching Greenspan Grow", James K. Galbraith, "The American Prospect".

* VIEW:
"The End of An Era", KPBS 'NewsHour' Video, "pbs.org"
"Deconstrcting Bernanke", KPBS 'NewsHour' Video, "pbs.org"

* VISIT:
"The Federal Reserve System: Purposes & Functions", Board of Governors, The Federal Reserve System.
"FED Points":
# 15 "Federal Funds", The Federal Reserve.
# 49 "The Money Supply", The Federal Reserve.
# 32 "Open Market Operations", The Federal Reserve.
# 18 "Discount Window", The Federal Reserve.
# 45 "Reserve Requirements", The Federal Reserve.

* MORE READINGS:
"The Money Supply", The Federal Reserve.

B. Fiscal Policy

* READ:
"The Bush Death spiral", Robert Freeman, "CommonDreams.org".
"The Case For An Environmentally Sustainable Jobs Program", The Levy Economic Institute, "Levy.org."
"Overview of the .... Social Security Plan",Center on Budget and Policy Priorities, "cbpp.org".

* VIEW:
"The 2006 Budget", Center on Budget and Policy Prioities, "cbpp.org".
"Federal Budget Simulation", Center for Community Economic Research, UC-Berkeley.

* VISIT:
"A Citizen's Guide to the Federal Budget", Department of Management and Budget.
"A Guide to the Gov't Securities Market", Businesss Week.

* MORE READINGS:
"Progressive Taxation: Some Hidden Truths", George Lakoff and Bruce Budne, "buzzflash.com".
"The Big Fix: The Case For Public Spending", Jame s K. Galbraith, The Levy Institute, "Levy.org"
"Monetary Policy Targets", Frederick Mishkin, "The Economics of Money,....".
"Old Attempts & New Ideas", James K. Galbraith & W. Darity Jr., "Macroeconomics".
.

VIII. "The Natural Rate" & "The Speed Limit"

* READ:
"A Brief Primer on Inflation", B. Bluestone & B. Harrison,"Growing Prosperity".
"Bernankenstein's Monster", James K. Galbraith, "MotherJones.com".

* VIEW:
"Inflation calculator", Bureau of Labor Statistics.

* VISIT:
"The Phillips Curve: 1960-Present", J.B. DeLong, "Animations Library".
"What is the Phillips Curve?", J.B. DeLong, "Animations Library".
"The 'Steep' Phillips Curve", J.B. DeLong, "Animations Library".
"The 'Shallow' Phillips Curve", J.B. DeLong, "Animations Library".
"Expectations and The Natural Rate", J.B. DeLong, "Animations Library".
"The Delimma of Stagflation", J.B. DeLong, "Animations Library".

* MORE READINGS:
"The Spector of inflation", R. Heilbroner & Lester Thurow, "Economics Explained".
"The Fear of Unemployment", George Brockway, "Economists Can Be Bad for Your Health".
"Inflation", George Brockway, "Economists Can Be Bad for Your Health".

IX. "Growth & Our Global Economy"

* READ:
"Global Economy 101", "GlobalExchange.com"
"The Falling Dollar", John Miller, "inthesetimes.com".
"Dollar Anxiety", John Miller, "dollarsandsense.org".
"The Economics and Politics of Trade Deficits", Thomas Palley, "thomaspalley.com".
"Where Do U.S. Dollars Go When The U.S. Runs A Trade Deficit?", Ellen Frank, "dollarsandsense.org".
"Rangel and Jefferson Agreee on a National Service Program", Thom Hartmann, "commondreams.org".
"Wall Street Moves Main Street", Burton G.Malkiel, "Wall Street Journal".
"Free, Free at Last", John Miller, "dollarsandsense.org".

* VIEW:
"The Wall Street Model", B.Bluestone & B. Harrison, "Growing Prosperity".
"The Main Street Model", B.Bluestone & B. Harrison, "Growing Prosperity".
"Growing Gap" (12-14-04), KPBS 'NewsHour' Video "pbs.org"
"Falling Dollar" (12-2-04) , KPBS 'NewsHour' Video, "pbs.org"
"Falling Dollar II" (4-19-2004), KPBS 'NewsHour' Video, "pbs.org"
"Falling Dollar III" (5-27-03), KPBS 'NewsHour' Video, "pbs.org"

* VISIT:
"Exchange Rates", "x-rates.com"
"The American Growth Record", J.B. DeLong, "Animations Library".

* MORE READINGS:
"U.S. Should Form a Marshall Plan for Latin America", Andrew Reding, "Los Angeles Times".
"Globalization Is Doing a World of Good for U.S.", James Flanigan, "Los Angeles Times".
"Benefit Burden Puts GM in Slow Lane", John O'Dell, "Los Angeles Times".
"Many Unhappy Returns", Paul Krugman, "New York Times".
"Dollar's Decline Will Reverberate", David Streifeld, "Los Angeles Times".
"U.S. Is More Customer Than Big Global Debtor", James Flanigan, "Los Angeles Times".
"Bush Erasing FDR's Legacy While Waging Class Warfare", Floyd J. McKay, "Seatle Times".
"FDR's 'Forgoten Man' at Risk", Johathan Alter, "Los Angeles Times".
"A Society That Throws the Sick Away", Barrbra Ehrenreich, "Los Angeles Times".
"Democratizing the Global Economy", "Global Exchange".
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"Economics 100: Survey of Economics"
Kit Sims Taylor
"Bellevue Community College -- Distance Education".
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