Howard J. Sherman, Paul D. Sherman

Inequality, Boom, and Bust (eBook, PDF)

From Billionaire Capitalism to Equality and Full Employment

• Format: PDF

Produktbeschreibung

There is enormous inequality between the income and wealth of the richest 1 percent and all other Americans. While the top 1 percent own 42 percent of all wealth in America, the lower half on the income ladder has only 2 percent of all of the wealth. This book develops a viewpoint contrary to the prevailing conservative paradigm, setting out both reasons for this inequality and the impact of this.

To explain inequality, conservative economists focus on individual characteristics such as intelligence and hard work. This book puts forward new evidence to show that changes in economic inequality are primarily due to characteristics inherent in the standard operation of capitalist institutions. Furthermore, the authors seek to explain the cycle of boom and bust by considering political and social factors often overlooked by conservative economists. This book also explores how wealth influences political policies in a way that increases economic inequality even more than its present level.

Through analysis of American political and economic institutions, Inequality, Boom, and Bust presents concrete steps for an activist, progressive policy to greatly reduce inequality through free healthcare, free higher education, and reduced unemployment.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 228
• Erscheinungstermin: 19. Februar 2018
• Englisch
• ISBN-13: 9781351210898
• Artikelnr.: 54035554

Autorenporträt

Howard J. Sherman is Professor of Economics Emeritus at University of California, Riverside, and is Visiting Researcher at the Political Science Department of the University of California at Los Angeles, USA.

Paul D. Sherman is a computer engineer in Silicon Valley (USA) with concerns for the problems of the people of the world.

Inhaltsangabe

About the Authors
Prologue
Chapter 1. Evolution of capitalism
inequality
and unemployment
Chapter 2. Evolution of inequality and unemployment in America
Chapter 3. Storm over economics
Chapter 4. Inequality and the normal operation of American capitalism
Chapter 5. Unemployment and inequality
Chapter 6. Profit
investment
and inequality
Chapter 7. How boom and bust affects inequality
Chapter 8. How inequality affects consumer demand
Chapter 9. Credit
bubble
and bust
Chapter 10. Government: economic inequality and political inequality
Chapter 11. Global capitalism
inequality
and crisis
Chapter 12. Story of the inequality cycle
Chapter 13. The great recession and inequality
Chapter 14. Financial crisis and inequality
Chapter 15. A progressive road to economic equality and full employment
Technical appendix: model of the inequality cycle
Procedural appendix: measuring business cycles in the 21st century