# Acronyms

**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.