000732432 000__ 02745cam\a2200445Ii\4500 000732432 001__ 732432 000732432 005__ 20220610095705.0 000732432 006__ m\\\\\o\\d\\\\\\\\ 000732432 007__ cr\cn\nnnunnun 000732432 008__ 151119s2015\\\\ctua\\\\ob\\\\001\0\eng\d 000732432 020__ $$a9780300216349$$q(electronic book) 000732432 020__ $$a0300216343$$q(electronic book) 000732432 020__ $$z9780300209587 000732432 020__ $$z0300209584 000732432 035__ $$aocn927441061 000732432 035__ $$a(OCoLC)927441061 000732432 035__ $$a(MiAaPQ)EBC4093150 000732432 040__ $$aN$T$$beng$$erda$$epn$$cN$T 000732432 049__ $$aISEA 000732432 050_4 $$aHC79.I5$$b.D74 2015eb 000732432 08204 $$a330$$222 000732432 1001_ $$aDrennan, Matthew P.,$$d1937- 000732432 24510 $$aIncome inequality$$h[electronic resource] :$$bwhy it matters and why most economists didn't notice /$$cMatthew P. Drennan. 000732432 264_1 $$aNew Haven, Connecticut :$$bYale University Press$$c2015. 000732432 300__ $$a1 online resource (xi, 155 pages) :$$billustrations 000732432 336__ $$atext$$btxt$$2rdacontent 000732432 337__ $$acomputer$$bc$$2rdamedia 000732432 338__ $$aonline resource$$bcr$$2rdacarrier 000732432 504__ $$aIncludes bibliographical references and index. 000732432 5050_ $$aTrends in income distribution -- Possible causes of rising income inequality -- Consumers' shift to debt -- Panel regression analysis of state and national data -- Consumption theory and its critics -- Has this happened before? 000732432 506__ $$aAccess limited to authorized users. 000732432 5208_ $$aPrevailing economic theory attributes the 2008 crash and the Great Recession that followed to low interest rates, relaxed borrowing standards, and the housing price bubble. After careful analyses of statistical evidence, however, Matthew Drennan discovered that income inequality was the decisive factor behind the crisis. Pressured to keep up consumption in the face of flat or declining incomes, Americans leveraged their home equity to take on excessive debt. The collapse of the housing market left this debt unsupported, causing a domino effect throughout the economy. Drennan also found startling similarities in consumer behavior in the years leading to both the Great Depression and the Great Recession. Offering an economic explanation of a phenomenon described by prominent observers including Thomas Piketty, Jacob Hacker, Robert Kuttner, Paul Krugman, and Joseph Stiglitz, Drennan's evenhanded analysis disproves dominant theories of consumption and draws much-needed attention to the persisting problem of income inequality. 000732432 588__ $$aDescription based on print version record. 000732432 650_0 $$aIncome distribution. 000732432 650_0 $$aEconomics$$xPolitical aspects. 000732432 77608 $$iPrint version:$$aDrennan, Matthew P.$$tIncome inequality.$$dNew Haven, Connecticut : Yale University Press, 2015$$z9780300209587$$w(DLC) 2015940164$$w(OCoLC) 929615619 000732432 852__ $$bacq 000732432 85280 $$bebk$$hEBSCOhost 000732432 85640 $$3EBSCOhost$$uhttps://univsouthin.idm.oclc.org/login?url=http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1088912$$zOnline Access 000732432 909CO $$ooai:library.usi.edu:732432$$pGLOBAL_SET 000732432 980__ $$aEBOOK 000732432 980__ $$aBIB 000732432 982__ $$aEbook 000732432 983__ $$aOnline