Coverart for item
The Resource Income Inequality : why it matters and why most economists didn't notice, Matthew P. Drennan

Income Inequality : why it matters and why most economists didn't notice, Matthew P. Drennan

Label
Income Inequality : why it matters and why most economists didn't notice
Title
Income Inequality
Title remainder
why it matters and why most economists didn't notice
Statement of responsibility
Matthew P. Drennan
Creator
Author
Subject
Language
eng
Cataloging source
CtY
http://library.link/vocab/creatorDate
1937-
http://library.link/vocab/creatorName
Drennan, Matthew P.
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Income distribution
  • Economics
Label
Income Inequality : why it matters and why most economists didn't notice, Matthew P. Drennan
Instantiates
Publication
Note
Prevailing economic theory attributes the 2008 crash and the Great Recession that followed to low interest rates, relaxed borrowing standards, and the housing price bubble. After careful analyses of statistical evidence, however, Matthew Drennan discovered that income inequality was the decisive factor behind the crisis. Pressured to keep up consumption in the face of flat or declining incomes, Americans leveraged their home equity to take on excessive debt. The collapse of the housing market left this debt unsupported, causing a domino effect throughout the economy. Drennan also found startling similarities in consumer behavior in the years leading to both the Great Depression and the Great Recession. Offering an economic explanation of a phenomenon described by prominent observers including Thomas Piketty, Jacob Hacker, Robert Kuttner, Paul Krugman, and Joseph Stiglitz, Drennan's evenhanded analysis disproves dominant theories of consumption and draws much-needed attention to the persisting problem of income inequality -- jacket
Bibliography note
Includes bibliographical references (pages [139]-147) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
  • text
  • still image
Content type code
  • txt
  • sti
Content type MARC source
  • rdacontent
  • rdacontent
Control code
ocn929615619
Dimensions
22 cm
Extent
xi, 155 pages
Isbn
9780300209587
Isbn Type
(paperback)
Lccn
2015940164
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)929615619
Label
Income Inequality : why it matters and why most economists didn't notice, Matthew P. Drennan
Publication
Note
Prevailing economic theory attributes the 2008 crash and the Great Recession that followed to low interest rates, relaxed borrowing standards, and the housing price bubble. After careful analyses of statistical evidence, however, Matthew Drennan discovered that income inequality was the decisive factor behind the crisis. Pressured to keep up consumption in the face of flat or declining incomes, Americans leveraged their home equity to take on excessive debt. The collapse of the housing market left this debt unsupported, causing a domino effect throughout the economy. Drennan also found startling similarities in consumer behavior in the years leading to both the Great Depression and the Great Recession. Offering an economic explanation of a phenomenon described by prominent observers including Thomas Piketty, Jacob Hacker, Robert Kuttner, Paul Krugman, and Joseph Stiglitz, Drennan's evenhanded analysis disproves dominant theories of consumption and draws much-needed attention to the persisting problem of income inequality -- jacket
Bibliography note
Includes bibliographical references (pages [139]-147) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
  • text
  • still image
Content type code
  • txt
  • sti
Content type MARC source
  • rdacontent
  • rdacontent
Control code
ocn929615619
Dimensions
22 cm
Extent
xi, 155 pages
Isbn
9780300209587
Isbn Type
(paperback)
Lccn
2015940164
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)929615619

Library Locations

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      30.271302100000 -97.746016800000
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