BWE: Baseline workplace equilibrium.

CNDD: Constrained nonstationary demand disturbance.

DD: Nominal demand disturbance.

DSGE: Dynamic stochastic general equilibrium.

DSGE (aka DSGME): Dynamic stochastic general market equilibrium, which is the workhorse model of mainstream formal macroeconomics and in this book is equivalent to the venerable SVGE model class.

DSGWE: Dynamic stochastic general workplace equilibrium.

EWT: Efficiency-wage theory.

FEM: Formal economic method, featuring rational economic exchange organized around continuous general equilibrium.

FWGE: Fixed-wage general-equilibrium macro modeling. (See the list of terms above.)

GME: General market equilibrium.

GWE: General workplace equilibrium.

GWET: General workplace equilibrium theory.

ILJ: Involuntarily lost jobs.

LEV: Venue comprised of large, specialized establishments offering Class-I jobs.

MPL: Marginal product of labor.

MRS: Marginal rate of substitution between time at work and time at leisure.

NDD: Unchecked nonstationary (nominal) demand disturbance.

NNS: New neoclassical synthesis, which was proposed by Goodfriend and King (1997) and quickly became the consensus macro model in the academy.

OJB: On-the-job behavior, summarized from management’s aggregate perspective by Ź.

PC: Ptolemaic convention, referring to the implicit collusion among mainstream gatekeepers to accept, absent further justification, the presumption of market clearing.

RBC: Real business cycle, usually referring to the school of RBC theorists.

REH: Rational-expectations hypothesis.

SDD: Stationary (nominal) demand disturbance.

SEV: Venue comprised of establishments that are small or offer Class-II jobs.

SIR: Second Industrial Revolution.

SV: Single venue.

SVGE: Single-venue general equilibrium which, by the nature of the marketplace, is equivalent to single-venue general market equilibrium and, in its intertemporal stabilization variant, is equivalent to DSGE (the workhorse model of mainstream formal macroeconomics).

TVGE: Two-venue (workplace-marketplace) general equilibrium is equivalent to the Workplace-Marketplace Synthesis and is always intertemporal in nature, more precisely denoted by TVDGE.

TVT: The fundamental two-venue theorem.

UWC: Unbundled wage condition.

WER: Workplace Exchange Relation.

WET: Workplace equilibrium theory.

WMS: Workplace-marketplace synthesis.

WRC: Wage-rent constrained.