000			01476nam a22001577a 4500
999			_c25513 _d25513
020			_a9780815381297
082			_a 339.220973 _bSHE-I
100			_aSherman, Howard J.
100			_aSherman, Paul D.
245			_aInequality, Boom, and Bust _b: from billionaire capitalism to equality and full employment
260			_aLondon _bRoutledge _c2018
300			_axx, 207p.
504			_aInclude Reference and Index
520			_aThere is enormous inequality between the income and wealth of the richest 1 percent and all other Americans. While the top 1 percent own 42 percent of all wealth in America, the lower half on the income ladder has only 2 percent of all of the wealth. This book develops a viewpoint contrary to the prevailing conservative paradigm, setting out both reasons for this inequality and the impact of this. To explain inequality, conservative economists focus on individual characteristics such as intelligence and hard work. This book puts forward new evidence to show that changes in economic inequality are primarily due to characteristics inherent in the standard operation of capitalist institutions. Furthermore, the authors seek to explain the cycle of boom and bust by considering political and social factors often overlooked by conservative economists. This book also explores how wealth influences political policies in a way that increases economic inequality even more than its present level.
942			_2ddc _cBK