Coverart for item
The Resource Income inequality : why it matters and why most economists didn't notice, Matthew P. Drennan, (electronic resource)

Income inequality : why it matters and why most economists didn't notice, Matthew P. Drennan, (electronic resource)

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
Subject
Language
eng
Summary
"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"--Dust jacket
Cataloging source
ERASA
http://library.link/vocab/creatorDate
1937-
http://library.link/vocab/creatorName
Drennan, Matthew P.
LC call number
HC110.I5
LC item number
D74 2015
http://library.link/vocab/subjectName
  • Income distribution
  • Consumer credit
  • Debt
  • Global Financial Crisis, 2008-2009
  • Global Financial Crisis (2008-2009)
  • Consumer credit
  • Debt
  • Income distribution
  • Einkommensverteilung
  • Ungleichheit
  • United States
Label
Income inequality : why it matters and why most economists didn't notice, Matthew P. Drennan, (electronic resource)
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Contents
Trends in income distribution -- Possible causes of rising income inequality -- Consumers' shift to debt -- Panel regression analysis of state and national data -- Consumption theory and its critics -- Has this happened before?
Control code
OCM1bookssj0001725397
Dimensions
22 cm
Dimensions
unknown
Extent
xi, 155 pages
Governing access note
License restrictions may limit access
Isbn
9780300209587
Lccn
2015940164
Other control number
(YBP)12366354
Other physical details
illustrations
Specific material designation
remote
System control number
(WaSeSS)ssj0001725397
Label
Income inequality : why it matters and why most economists didn't notice, Matthew P. Drennan, (electronic resource)
Publication
Bibliography note
Includes bibliographical references and index
Contents
Trends in income distribution -- Possible causes of rising income inequality -- Consumers' shift to debt -- Panel regression analysis of state and national data -- Consumption theory and its critics -- Has this happened before?
Control code
OCM1bookssj0001725397
Dimensions
22 cm
Dimensions
unknown
Extent
xi, 155 pages
Governing access note
License restrictions may limit access
Isbn
9780300209587
Lccn
2015940164
Other control number
(YBP)12366354
Other physical details
illustrations
Specific material designation
remote
System control number
(WaSeSS)ssj0001725397

Library Locations

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      38.710138 -90.311107
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