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Income Inequality : Why It Matters and Why Most Economists Didn't Notice by Matthew P. Drennan is a politics available to read on EtoBox.

What is Income Inequality : Why It Matters and Why Most Economists Didn't Notice about?

Prevailing economic theory attributes the 2008 crash and the Great Recession that followed to low interest rates, relaxed borrowing standards, and the housing price bubble. After careful analyses of statistical evidence, however, Matthew Drennan discovered that income inequality was the decisive factor behind the crisis. Pressured to keep up consumption in the face of flat or declining incomes, Americans leveraged their home equity to take on excessive debt. The collapse of the housing market le

Who reads Income Inequality : Why It Matters and Why Most Economists Didn't Notice?

Author

Matthew P. Drennan

Publisher

Yale University Press

Published

2015

Language

EN

ISBN

9780300216349

Category

politics

Subjects

Economics, Business, Political Science

Rating

4.6 / 5 (6 ratings)

Updated

2026-03-14