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A much needed examination of the size of out paychecks, "Created Unequal", written by one of the nation's most respected economists, demonstrates why the government--not "technology"--is responsible for exploding wage inequality.
Over the past thirty years, the issue of economic inequality has emerged from the backwaters of economics to claim center stage in the political discourse of America and beyond---a change prompted by a troubling fact: numerous measures of income inequality, especially in the United States in the last quarter of the twentieth century, have risen sharply in recent years. Even so, many people remain confused about what, exactly, politicians and media persons mean when they discuss inequality. What does "economic inequality" mean? How is it measured? Why should we care? Why did inequality rise in the United States? Is rising inequality an inevitable feature of capitalism? What should we do about...
The world knows that there is a global crisis of inequality in pay. But what caused it? Where is it more and where less severe? What can be done? This book deploys new techniques and a new global data set to advance striking answers to these questions, answers that have eluded even the largest international research institutions such as the OECD and the World Bank. Chapters trace the U.S. wage structure back to 1920, the relationship of inequality and unemployment in Europe, and the relationships of inequality to economic growth, liberalization, financial crisis, state violence and industrial policy in more than fifty developing countries.
A progressive economist challenges popular conservative-minded economic practices, in a scathing critique of Reagan-Bush policies that contends that the political right is misrepresenting the consequences of free-market and free-trade ideals. 50,000 first printing.
Justice in the U.S. is a sequel to Human Rights: Beyond the Liberal Vision, and the second in a trilogy on human rights. The Bill of Rights of the U.S. Constitution explicitly clarifies the personal political and civil rights of persons, and by court interpretation, the rights of corporations. Yet in the twentieth century, following World War II, most world leaders reached the conclusion that political and civil rights were not sufficient and they had to be supplemented with additional rights that would protect their citizens and create more robust societies. By the end of the century, most countries had amended their constitutions to include many other rights, notably those pertaining to so...
These essays assess the empirical and theoretical questions raised by inequalities of income and wealth.
Rather than an unintended by-product of poor state capacity, weak political and legal institutions are often weak by design.
As Wall Street rose to dominate the U.S. economy, income and pay inequalities in America came to dance to the tune of the credit cycle. As the reach of financial markets extended across the globe, interest rates, debt, and debt crises became the dominant forces driving the rise of economic inequality almost everywhere. Thus the "super-bubble" that investor George Soros identified in rich countries for the two decades after 1980 was a super-crisis for the 99 percent-not just in the U.S. but the entire world. Inequality and Instability demonstrates that finance is the driveshaft that links inequality to economic instability. The book challenges those, mainly on the right, who see mysterious fo...