A global macroeconomics – yes, macroeconomics, dammit – of inequality and income distribution by James K. Galbraith published by Edward Elgar (2019). “There are global turning points in the path of pay inequality. They occur around 1971, around 1980, and around 2000. These correspond in each case to major shifts in the worldwide financial regime: to the breakdown of Bretton Woods, to the outbreak of the global debt crisis, and to return to low interest rates and rising commodity prices that followed the NASDAQ slump and the 9/11 attacks…”
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