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InequalityWhat Everyone Needs to Know®
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Inequality: What Everyone Needs to Know®  

James K. Galbraith

Abstract

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 it? Inequality: What Everyone Needs to Know takes up these questions and more in plain and clear language, bringing to life one of the great economic and political debates of our age. Inequality expert James K. Galbraith has compiled the latest economic research on inequality and explains his findings in a way that everyone can understand. He offers a comprehensive introduction to the study of economic inequality, including its philosophical and theoretical origins, the variety of concepts in wide use, empirical measures and their advantages and disadvantages, competing modern theories of the causes and effects of rising inequality in the United States and worldwide, and a range of policy measures. This latest addition to the popular What Everyone Needs to Know series from Oxford University Press will tell you everything you need to know to make informed opinions on this significant issue.

Keywords: capitalism, economic inequality, economic policy, political revolution, United States

Bibliographic Information

Publisher:
Oxford University Press
ISBN:
9780190250461
DOI:
10.1093/wentk/9780190250461.001.0001
James K. Galbraith

Author

James K. Galbraith, author


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Subject(s) in What Everyone Needs to Know®

  • Economics
  • General Economics
  • General Economics and Teaching
  • Health, Education, and Welfare
  • Public Economics
  • Social Sciences
  • Welfare Economics
  • Welfare and Poverty

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Contents

  • Front Matter
    • Dedication
    • Preface
    • Acknowledgments
  • 1 Inequality: Should We Care?
  • 2 Inequality in the History of Economic Thought
  • 3 Categorical Inequality
  • 4 Major Concepts of Distribution
  • 5 Measures of Inequality
  • 6 Causes of Changing Inequality in the United States
  • 7 Causes of Changing Inequality in the World
  • 8 Are We Heading Back to the Victorian Age?
  • 9 Norms and Consequences
  • 10 Policies Against Inequalities
  • 11 A Note on Wealth and Power
  • A Final Digression: Does Economic Equality Lead to Victory in War?
  • End Matter
    • Appendix
    • Index
  • Oxford University Press
Copyright © 2023.

date: 21 March 2023

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