001398957 000__ 02800cam\a2200445Ii\4500 001398957 001__ 1398957 001398957 005__ 20220610095715.0 001398957 006__ m\\\\\o\\d\\\\\\\\ 001398957 007__ cr\cn\nnnunnun 001398957 008__ 220610s2015\\\\ctua\\\\ob\\\\001\0\eng\d 001398957 020__ $$a9780300216349$$q(electronic book) 001398957 020__ $$a0300216343$$q(electronic book) 001398957 020__ $$z9780300209587 001398957 020__ $$z0300209584 001398957 035__ $$aocn927441061 001398957 035__ $$a(OCoLC)927441061 001398957 035__ $$a(MiAaPQ)EBC4093150 001398957 040__ $$aN$T$$beng$$erda$$epn$$cN$T 001398957 049__ $$aISEA 001398957 050_4 $$aHC79.I5$$b.D74 2015eb 001398957 08204 $$a330$$222 001398957 1001_ $$aDrennan, Matthew P.,$$d1937- 001398957 24510 $$aIncome inequality$$h[electronic resource] :$$bwhy it matters and why most economists didn't notice /$$cMatthew P. Drennan. 001398957 264_1 $$aNew Haven, Connecticut :$$bYale University Press$$c2015. 001398957 300__ $$a1 online resource (xi, 155 pages) :$$billustrations 001398957 336__ $$atext$$btxt$$2rdacontent 001398957 337__ $$acomputer$$bc$$2rdamedia 001398957 338__ $$aonline resource$$bcr$$2rdacarrier 001398957 504__ $$aIncludes bibliographical references and index. 001398957 5050_ $$aTrends in income distribution -- Possible causes of rising income inequality -- Consumers' shift to debt -- Panel regression analysis of state and national data -- Consumption theory and its critics -- Has this happened before? 001398957 506__ $$aAccess limited to authorized users. 001398957 5208_ $$aPrevailing economic theory attributes the 2008 crash and the Great Recession that followed to low interest rates, relaxed borrowing standards, and the housing price bubble. After careful analyses of statistical evidence, however, Matthew Drennan discovered that income inequality was the decisive factor behind the crisis. Pressured to keep up consumption in the face of flat or declining incomes, Americans leveraged their home equity to take on excessive debt. The collapse of the housing market left this debt unsupported, causing a domino effect throughout the economy. Drennan also found startling similarities in consumer behavior in the years leading to both the Great Depression and the Great Recession. Offering an economic explanation of a phenomenon described by prominent observers including Thomas Piketty, Jacob Hacker, Robert Kuttner, Paul Krugman, and Joseph Stiglitz, Drennan's evenhanded analysis disproves dominant theories of consumption and draws much-needed attention to the persisting problem of income inequality. 001398957 588__ $$aDescription based on print version record. 001398957 650_0 $$aIncome distribution. 001398957 650_0 $$aEconomics$$xPolitical aspects. 001398957 77608 $$iPrint version:$$aDrennan, Matthew P.$$tIncome inequality.$$dNew Haven, Connecticut : Yale University Press, 2015$$z9780300209587$$w(DLC) 2015940164$$w(OCoLC) 929615619 001398957 852__ $$bacq 001398957 85280 $$bebk$$hProQuest Ebook Central Academic Complete 001398957 85640 $$3ProQuest Ebook Central Academic Complete$$uhttps://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=4093150$$zOnline Access 001398957 909CO $$ooai:library.usi.edu:732432$$pGLOBAL_SET 001398957 980__ $$aEBOOK 001398957 980__ $$aBIB 001398957 982__ $$aEbook 001398957 983__ $$aOnline