Journal ArticleDOI
The Price of Inequality: How Today's Divided Society Endangers Our Future
TLDR
The causes and consequences of income and wealth inequality have become matters of deep interest, not only to social scientists but also to the general public as discussed by the authors. In clear and accessible language and...Abstract:
The causes and consequences of income and wealth inequality have become matters of deep interest, not only to social scientists but also to the general public. In clear and accessible language and ...read more
Citations
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Book
Undoing the Demos: Neoliberalism's Stealth Revolution
TL;DR: In Undoing the Demos, the authors, the authors trace the devastating erosions of democratic principles, practices, and cultures, and explain how democracy itself is imperiled.
Journal ArticleDOI
Redistribution, Inequality, and Growth
TL;DR: In this paper, the authors show that from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases).
Journal ArticleDOI
Mis)perceptions of Inequality
TL;DR: It is shown that people on average misperceive current levels of inequality, typically underestimating the extent of inequality in their country, and it is documented that these (mis)perceptions of inequality drive behavior and preferences for redistribution.
Journal ArticleDOI
American Economic Power Hasn't Declined—It Globalized! Summoning the Data and Taking Globalization Seriously
TL;DR: The authors argues that a fundamental failing in the debate on the decline of American economic power is not taking globalization seriously, and that we can no longer give the same relevance to national accounts such as balance of trade and GDP in the twenty-first century as we did in the mid-twentieth.
Book ChapterDOI
New Theoretical Perspectives on the Distribution of Income and Wealth Among Individuals
TL;DR: A central question of economics has been: how do we explain the distribution of income among factors of production, and the distributions of income and wealth among individuals among individuals as mentioned in this paper ].
References
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Book
Stabilizing an Unstable Economy
TL;DR: In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today as mentioned in this paper, explaining why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns and why the economy is now undergoing a credit crisis that he foresaw.
Journal ArticleDOI
Reflections on the Natural Rate Hypothesis
TL;DR: This paper showed that small deviations from the NAIRU will lead to only small, possibly easily correctable, changes in the inflation rate and refutes the need for a highly restrictive bias in macroeconomic policy.
Posted Content
The unfortunate uselessness of most ’state of the art’ academic monetary economics
TL;DR: The authors argues that both the New Classical and New Keynesian complete markets macroeconomic theories not only did not allow the key questions about insolvency and illiquidity to be answered, but they did not even allow such questions to be asked.
Journal ArticleDOI
The Cambridge-Cambridge Controversy in the Theory of Capital; A View from New Haven: A Review Article
TL;DR: In this article, a survey article from the Journal of Economic Literature (1969) was extended into a book dealing with one of the latest so-called controversies, that between Cambridge, England, and Cambridge, Massachusetts, concerning capital theory.