Inequality and instability : a study of the world economy just before the great crisis / James K. Galbraith.

Format:

Book

Author/Creator:

Galbraith, James K.

Language:

English

Subjects (All):

Income distribution.

Economic policy.

Globalization--Social aspects.

Globalization.

Power (Social sciences).

Economic development--Research.

Economic development.

Global Financial Crisis, 2008-2009.

Physical Description:

1 online resource (339 p.)

Edition:

1st ed.

Place of Publication:

New York : Oxford University Press, 2012.

Language Note:

English

Summary:

As Wall Street rose to dominate the U.S. economy, income and pay inequalities in America came to dance to the tune of the credit cycle. As the reach of financial markets extended across the globe, interest rates, debt, and debt crises became the dominant forces driving the rise of economic inequality almost everywhere. Thus the ""super-bubble"" that investor George Soros identified in rich countries for the two decades after 1980 was a super-crisis for the 99 percent-not just in the U.S. but the entire world.Inequality and Instability demonstrates that finance is the driveshaft that links ineq

Contents:

The physics and ethics of inequality

The need for new inequality measures

Pay inequality and world development

Estimating the inequality of household incomes

Economic inequality and political regimes

The geography of inequality in America, 1969 to 2007

State-level income inequality and American elections

Inequality and unemployment in Europe : a question of levels

European wages and the flexibility thesis

Globalization and inequality in China

Finance and power in Argentina and Brazil

Inequality in Cuba after the Soviet collapse

Economic inequality and the world crisis.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

0-19-993086-4

0-19-026137-4

1-280-59404-7

9786613623874

0-19-985566-8

OCLC:

780445037