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Inequality and Instability: A Study of the World Economy Just Before the Great Crisis 1st Edition

4.1 out of 5 stars 22

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Editorial Reviews

Review

"[P]otentially groundbreaking new methodology . . . Galbraith discredits a number of shibboleths of the economics profession. . . . In this rich study, the author brings both transparency and a fresh approach to a profession where a shake-up seems more than overdue. Economics specialists will enjoy this book, but so too will general readers disenchanted with current economic orthodoxies." --Kirkus Reviews

"In Inequality and Instability, James K. Galbraith brings to bear his considerable experience in government and academia to examine one of the most pressing issues of our time. In this accessible and far-reaching volume, he investigates not only the depth and breadth of inequality in Europe, America, and elsewhere, but also its implications for politics and society. It's no surprise that Galbraith, who is well known for having pioneered new understandings of economic inequality, leaves no stone unturned in his discussion of metrics and methodologies...It is a must-read for anyone who wishes to understand our political and economic era."--Joseph E. Stiglitz, author of Freefall: America, Free Markets, and the Sinking of the World Economy, winner of the 2001 Nobel Prize in economics

"Based on a mountain of new data, this book undermines much of what scholars thought they knew about economic inequality. James Galbraith's readable and compelling dissections of how financial bubbles and macroeconomic forces shape inequality and its effects on society and the state are seminal. Inequality and Instability is a work not just for scholars, but for citizens." --Thomas Ferguson, Professor of Political Science, University of Massachusetts, Boston

"The most comprehensive examination to date of the connection between the financial sector, the Achilles heel of 'free enterprise' economies, and income inequality across countries. Galbraith and his fellow researchers at the University of Texas Inequality Project demonstrate how the seeds of the current economic crisis were sown by the refusal to confront and reverse an unequalizing worldwide spiral of income disparity. This could be the empirical Bible for the Occupy movement."--William Darity, Arts and Sciences Professor of Public Policy, Economics, and African American Studies, Duke University

"Galbraith's timely and provocative book adds some economic and statistical ballast to the vague rhetorical slogans of the Occupy protesters. Drawing on meticulous academic research, it argues that the main source of the growing inequality across the world in recent years has been not industrial change, educational reform, or geopolitical shift but the financialization of the modern world." --Foreign Affairs

"Galbraith's book presents an extremely varied and nutritious fare for all of those who want to find out more about the things that they 'were afraid to ask' during the last twenty years: why did inequality increase so much and who benefited from it? But Galbraith did notice the increase, wrote about it, and here in a sort of collected works, are his essays, fully vindicated by time. Not many economists can say so." --Journal of Economic Literature

Book Description

The first serious study of the actual effect of inequality on economic instability, written by a leading economist and expert on inequality and the state

Product details

  • ASIN ‏ : ‎ 019985565X
  • Publisher ‏ : ‎ Oxford University Press; 1st edition (March 30, 2012)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 336 pages
  • ISBN-10 ‏ : ‎ 9780199855650
  • ISBN-13 ‏ : ‎ 978-0199855650
  • Item Weight ‏ : ‎ 1.37 pounds
  • Dimensions ‏ : ‎ 0.9 x 6.4 x 9.3 inches
  • Customer Reviews:
    4.1 out of 5 stars 22

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Customer reviews

4.1 out of 5 stars
4.1 out of 5
22 global ratings

Top reviews from the United States

Reviewed in the United States on May 4, 2013
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Reviewed in the United States on August 13, 2012
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Reviewed in the United States on January 14, 2013
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Reviewed in the United States on September 6, 2012
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ogilvie
4.0 out of 5 stars alternatingly very insightful and agonizing
Reviewed in Canada on May 23, 2016
Mackensen
4.0 out of 5 stars wichtig, nur leider schlecht zu lesende Graphiken
Reviewed in Germany on April 11, 2014
Carole Galbraith
3.0 out of 5 stars Written by a member of my family but beyond my capabilities to complrehend all the arguments!!
Reviewed in the United Kingdom on January 3, 2013
One person found this helpful
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Mr. Neil Thomason
1.0 out of 5 stars Turgidly academic
Reviewed in the United Kingdom on January 21, 2013
One person found this helpful
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