Includes bibliographical references (pages 319-341) and index.
Contents
pt. 1. Ideas -- The crisis of wages and transfers -- The skill fallacy -- Monopoly power -- The concept of the wage structure -- pt. 2. Evidence -- Instability and stagnation -- The three-level economy -- The patterns of industrial change -- Inequality, unemployment, inflation, and growth -- Service wages and the investment cycle -- pt. 3. Heresies -- The NAIRU trap -- The new Victorians -- Liberals stuck on the supply side -- pt. 4. Interest rates and the central bank -- Inflation control without unemployment -- International full employment -- The fate of the market.
Summary
"The strong U.S. economy in the late 1990s has validated the bold thesis of this book. Created Unequal shows that America's historically high inequality of pay and incomes is not the result of impersonal market forces such as technology or trade, but of bad economic policies over several decades and the poor performance they created.
Featuring a new preface on the improvements since 1994, Created Unequal is a book that reminds us we can reclaim our country through economic understanding, commonsense policy, and political action."--Jacket.
