||1 of 1 people found the following review helpful.| Income Inequality is one of the most important issues Americans must face and solve.|By Margery Schab|Matthew P. Drennan’s new book entitled, “Income Inequality, Why it Matters, and Why Most Economists didn’t Notice.” Income Inequality is one of the most important issues facing Americans today. It is so important that Professor Drennan leaves no stone u||
“Matthew Drennan has written a timely, succinct, and highly readable work on the dynamics of inequality--and why most economists miss what's driving it. An essential book for understanding the great challenge of our age.”—Robert Kuttner
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 co... [PDF.tv75] Income Inequality: Why It Matters and Why Most Economists Didn't Notice Rating: 4.72 (657 Votes)
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You easily download any file type for your gadget.Income Inequality: Why It Matters and Why Most Economists Didn't Notice | Matthew P. Drennan.Not only was the story interesting, engaging and relatable, it also teaches lessons.
