Inequality and the Great Recession

Barry Clark

Challenge, 2011, vol. 54, issue 3, 56-79

Abstract: What part did global inequality play in the worldwide credit crisis? Using Keynesian analysis, this author thinks it was the primary factor. Lack of demand reduced productive investment opportunities. Finance turned to speculation instead.

Date: 2011
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DOI: 10.2753/0577-5132540303

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