Did Inequality cause the Economic Crisis?

02/05/2012 by
Till van Treeck

On the Rajan hypothesis and toxic theories of consumption The notion that inequality is causally related to the Great Recession of 2008 is currently one of the hottest topics in macroeconomics (see http://www.social-europe.eu/2012/04/the-impact-of-inequality-and-macroeconomics/). Before the crisis, most economists were hardly interested in the links between the distribution of income and financial stability. Although the higher [...]

Filed Under: Columns, Economic Policy Tagged With: , , ,

The Inequality Trap

08/03/2012 by
kemal dervis

As evidence mounts that income inequality is increasing in many parts of the world, the problem has received growing attention from academics and policymakers. In the United States, for example, the income share of the top 1% of the population has more than doubled since the late 1970’s, from about 8% of annual GDP to [...]

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