000			01738nam a22002057a 4500
999			_c2986 _d2986
005			20220813135420.0
008			220720b ||||| |||| 00| 0 eng d
020			_a9781108796101
082			_a339.20973 _bTAY
100			_aTaylor, Lance _96859
245			_aMacroeconomic inequality from reagan to trump: market power, wage repression, asset price inflation, and industrial decline
260			_bCambridge University Press _aNew Jersey _c2020
300			_axii, 132 p.
365			_aGBP _b22.99
520			_aBook description For five decades, rising US income and wealth inequality has been driven by wage repression and production realignments benefitting the top one percent of households. In this inaugural book for Cambridge Studies in New Economic Thinking, Professor Lance Taylor takes an innovative approach to measuring inequality, providing the first and only full integration of distributional and macro level data for the US. While work by Thomas Piketty and colleagues pursues integration from the income side, Professor Taylor uses data of distributions by size of income and wealth combined with the cost and demand sides, flows of funds, and full balance sheet accounting of real capital and financial claims. This blends measures of inequality with national income and product accounts to show the relationship between productivity and wages at the industry sector level. Taylor assesses the scope and nature of various interventions to reduce income and wealth inequalities using his simulation model, disentangling wage growth and productivity while challenging mainstream models.
650			_aMacroeconomics _91161
650			_aEconomic history _91697
650			_aIncome distribution _91684
942			_2ddc _cBK