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

By: Material type: TextTextPublication details: New York : Oxford University Press, c2012.Description: xiv, 324 p. : ill. ; 25 cmISBN:
  • 9780199855650
Subject(s): DDC classification:
  • 339.2 23 G148
Contents:
1. The physics and ethics of inequality -- 2. The need for new inequality measures -- 3. Pay inequality and world development -- 4. Estimating the inequality of household incomes -- 5. Economic inequality and political regimes -- 6. The geography of inequality in America, 1969 to 2007 -- 7. State-level income inequality and American elections -- 8. Inequality and unemployment in Europe : a question of levels -- 9. European wages and the flexibility thesis -- 10. Globalization and inequality in China -- 11. Finance and power in Argentina and Brazil -- 12. Inequality in Cuba after the Soviet collapse -- 13. Economic inequality and the world crisis-- References-- Index.
Summary: Professional macroeconomists have generally taken little interest in inequality because, within the parameters of traditional economic theory, the economy will stabilize itself at full employment. In addition, enlightened economists could enact stabilizing measures to manage any imbalances. The dominant voices among academic economists were unable to interpret the causal forces at work during both the Great Depression and the recent global financial crisis.
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Holdings
Item type Current library Call number Status Date due Barcode Item holds
Books ISI Library, Kolkata 339.2 G148 (Browse shelf(Opens below)) Available 135622
Total holds: 0

Includes bibliographical references (p. 295-307) and index.

1. The physics and ethics of inequality --
2. The need for new inequality measures --
3. Pay inequality and world development --
4. Estimating the inequality of household incomes --
5. Economic inequality and political regimes --
6. The geography of inequality in America, 1969 to 2007 --
7. State-level income inequality and American elections --
8. Inequality and unemployment in Europe : a question of levels --
9. European wages and the flexibility thesis --
10. Globalization and inequality in China --
11. Finance and power in Argentina and Brazil --
12. Inequality in Cuba after the Soviet collapse --
13. Economic inequality and the world crisis--

References--
Index.

Professional macroeconomists have generally taken little interest in inequality because, within the parameters of traditional economic theory, the economy will stabilize itself at full employment. In addition, enlightened economists could enact stabilizing measures to manage any imbalances. The dominant voices among academic economists were unable to interpret the causal forces at work during both the Great Depression and the recent global financial crisis.

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