Inequality, the financial crisis and stagnation: competing stories and why they matter
"This paper examines several mainstream explanations of the financial crisis and stagnation and the role they attribute to income inequality. Those explanations are contrasted with a structural Keynesian explanation. The role of income inequality differs substantially, giving rise to different...
| Main Author: | |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Düsseldorf
2015
IMK |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19112693124919308759-inequality,-the-financial-cris.htm |
| _version_ | 1771659898408402944 |
|---|---|
| author | Palley, Thomas I. |
| author_facet | Palley, Thomas I. |
| collection | Library items |
| description | "This paper examines several mainstream explanations of the financial crisis and stagnation and the role they attribute to income inequality. Those explanations are contrasted with a structural Keynesian explanation. The role of income inequality differs substantially, giving rise to different policy recommendations. That highlights the critical importance of economic theory. Theory shapes the way we understand the world, thereby shaping how we respond to it. The theoretical narrative we adopt therefore implicitly shapes policy. That observation applies forcefully to the issue of income inequality, the financial crisis and stagnation, making it critical we get the story right." |
| format | TEXT |
| id | 19112693124919308759_fa08f49d5d8e4730957d00a073991a48 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19112693124919308759_fa08f49d5d8e4730957d00a073991a48 |
| is_hierarchy_title | Inequality, the financial crisis and stagnation: competing stories and why they matter |
| language | English |
| physical | 20 p. Digital |
| publishDate | 2015 |
| publisher | Düsseldorf IMK |
| spellingShingle | Palley, Thomas I. economic recession economic theory income distribution social inequality Inequality, the financial crisis and stagnation: competing stories and why they matter |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=108084692626 |
| title | Inequality, the financial crisis and stagnation: competing stories and why they matter |
| topic | economic recession economic theory income distribution social inequality |
| url | https://www.labourline.org/KENTIKA-19112693124919308759-inequality,-the-financial-cris.htm |