Inequality and Instability: A Study of the World Economy Just Before the Great Crisis

James Galbraith

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Langue : anglais

Edité par Oxford University Press Inc, 2012

019985565X / 9780199855650

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In the press, at the Capitol, on Wall Street and around the world, people are waking up to the dangers of inequality as never before. Mainstream journalists now note that income inequality in America today is greater than at any time since 1929 - just before the Great Depression. Perhaps this is not accidental. Where does inequality come from? And how does it lead to economic instability? In Inequality and Instability, leading economist James K. Galbraith demonstrates that finance is the driver converting inequality into instability. Those without money - made more numerous by inequality - find little recourse but to the ancient remedy of the loan. Their urges and needs, for bad and for good, are abetted by the aggressive desire of those with money to lend. But if the balloon of debt explodes, as it did in 2008, it disrupts an entire economy built upon a financial house of cards. And not merely in the United States: debt crises and economic instability can be linked to inequality all around the world. To support this conclusion, Galbraith marshals the data as never before, examining it in light of geography, economic change, and politics. For example, the dramatic rise of inequality in the United States in the 1990s correlated with the information-technology boom, whose wealth was concentrated in just three counties of Northern California, the Seattle area, and Manhattan. As for what drives this inequality, he writes, we need look no further than the capital markets - since those at the top have benefited not simply from salaries and bonuses, but increasingly from stock options, asset valuations, and capital gains. A landmark work of research and original insight, Inequality and Instability will change forever the way we understand this pivotal topic.…

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Titre
Inequality and Instability: A Study of the World Economy Just Before the Great Crisis
Auteur
James Galbraith
Éditeur
Oxford University Press Inc
Année de publication
2012
État de l'article
Very Good
Reliure
Hardback
Langue
anglais
ISBN à 10 chiffres
019985565X
ISBN à 13 chiffres
9780199855650

World of Books (was SecondSale)

Montgomery, IL, Etats-Unis

Vendeur avec une évaluation de 5 étoiles

Vendeur AbeBooks depuis 20 décembre 2007

Frais d'expédition à l'intérieur de ce pays : Etats-Unis

Article4 à 12 jours ouvrés3 à 6 jours ouvrés
Premier articleEUR 0,00EUR 9,81
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