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

by James K. Galbraith

Book Overview

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...

• Format: Hardcover
• Language: English
• ISBN: 019985565X
• ISBN13: 9780199855650
• Release Date: March 2012
• Publisher: Oxford University Press, USA
• Length: 336 Pages
• Weight: 1.20 lbs.
• Dimensions: 1.0" x 6.4" x 9.3"