Macroeconomic inequality from Reagan to Trump : market power, wage repression, asset price inflation, and industrial decline / Lance Taylor.
Taylor, Lance, 1940-| Call Number | 339.20973 |
| Author | Taylor, Lance, 1940- author. |
| Title | Macroeconomic inequality from Reagan to Trump : market power, wage repression, asset price inflation, and industrial decline / Lance Taylor. |
| Physical Description | 1 online resource (xii, 132 pages) : digital, PDF file(s). |
| Series | Studies in new economic thinking |
| Notes | Title from publisher's bibliographic system (viewed on 17 Jul 2020). |
| Summary | For five decades, rising US income and wealth inequality has been driven by wage repression and production realignments benefitting the top one percent of households. In this inaugural book for Cambridge Studies in New Economic Thinking, Professor Lance Taylor takes an innovative approach to measuring inequality, providing the first and only full integration of distributional and macro level data for the US. While work by Thomas Piketty and colleagues pursues integration from the income side, Professor Taylor uses data of distributions by size of income and wealth combined with the cost and demand sides, flows of funds, and full balance sheet accounting of real capital and financial claims. This blends measures of inequality with national income and product accounts to show the relationship between productivity and wages at the industry sector level. Taylor assesses the scope and nature of various interventions to reduce income and wealth inequalities using his simulation model, disentangling wage growth and productivity while challenging mainstream models. |
| Subject | Income distribution United States History 20th century. Income distribution United States History 21st century. Macroeconomics United States History 20th century. Macroeconomics United States History 21st century. United States Economic conditions 1945- |
| Multimedia |
Total Ratings:
0
02766nam a22004338i 4500
001
vtls001594098
003
VRT
005
20220808222300.0
006
m|||||o||d||||||||
007
cr||||||||||||
008
220808s2020||||enk o ||1 0|eng|d
020
$a 9781108854443 (ebook)
020
$z 9781108494632 (hardback)
020
$z 9781108796101 (paperback)
035
$a (UkCbUP)CR9781108854443
039
9
$y 202208082223 $z santha
040
$a UkCbUP $b eng $e rda $c UkCbUP
043
$a n-us---
050
0
0
$a HC110.I5 $b T39 2020
082
0
0
$a 339.20973 $2 23
100
1
$a Taylor, Lance, $d 1940- $e author.
245
1
0
$a Macroeconomic inequality from Reagan to Trump : $b market power, wage repression, asset price inflation, and industrial decline / $c Lance Taylor.
264
1
$a Cambridge : $b Cambridge University Press, $c 2020.
300
$a 1 online resource (xii, 132 pages) : $b digital, PDF file(s).
336
$a text $b txt $2 rdacontent
337
$a computer $b c $2 rdamedia
338
$a online resource $b cr $2 rdacarrier
490
1
$a Studies in new economic thinking
500
$a Title from publisher's bibliographic system (viewed on 17 Jul 2020).
520
$a For five decades, rising US income and wealth inequality has been driven by wage repression and production realignments benefitting the top one percent of households. In this inaugural book for Cambridge Studies in New Economic Thinking, Professor Lance Taylor takes an innovative approach to measuring inequality, providing the first and only full integration of distributional and macro level data for the US. While work by Thomas Piketty and colleagues pursues integration from the income side, Professor Taylor uses data of distributions by size of income and wealth combined with the cost and demand sides, flows of funds, and full balance sheet accounting of real capital and financial claims. This blends measures of inequality with national income and product accounts to show the relationship between productivity and wages at the industry sector level. Taylor assesses the scope and nature of various interventions to reduce income and wealth inequalities using his simulation model, disentangling wage growth and productivity while challenging mainstream models.
650
0
$a Income distribution $z United States $x History $y 20th century.
650
0
$a Income distribution $z United States $x History $y 21st century.
650
0
$a Macroeconomics $z United States $x History $y 20th century.
650
0
$a Macroeconomics $z United States $x History $y 21st century.
651
0
$a United States $x Economic conditions $y 1945-
776
0
8
$i Print version: $z 9781108494632
830
0
$a Studies in new economic thinking.
856
4
0
$u https://doi.org/10.1017/9781108854443
999
$a VIRTUA
No Reviews to Display
| Summary | For five decades, rising US income and wealth inequality has been driven by wage repression and production realignments benefitting the top one percent of households. In this inaugural book for Cambridge Studies in New Economic Thinking, Professor Lance Taylor takes an innovative approach to measuring inequality, providing the first and only full integration of distributional and macro level data for the US. While work by Thomas Piketty and colleagues pursues integration from the income side, Professor Taylor uses data of distributions by size of income and wealth combined with the cost and demand sides, flows of funds, and full balance sheet accounting of real capital and financial claims. This blends measures of inequality with national income and product accounts to show the relationship between productivity and wages at the industry sector level. Taylor assesses the scope and nature of various interventions to reduce income and wealth inequalities using his simulation model, disentangling wage growth and productivity while challenging mainstream models. |
| Notes | Title from publisher's bibliographic system (viewed on 17 Jul 2020). |
| Subject | Income distribution United States History 20th century. Income distribution United States History 21st century. Macroeconomics United States History 20th century. Macroeconomics United States History 21st century. United States Economic conditions 1945- |
| Multimedia |