Hemlock for economic students
(Putting effective demand in the long run and prices of production together)
Monday, April 9, 2012
Inequality and economic instability
Jamie Galbraith's new book is out. The main thesis in the book is that the inequality of the past three decades, driven fundamentally by financialization, led inexorably to boom and bust instability. A recent interview about his book and the current economic situation can be found here.