American Inequality


Book Description

Monograph presenting a macroeconomic analysis of the relationship of economic development to wealth and income distribution inequality trends in the USA from the historical 1770s to the 1970s - rejects the notion that inequality was a necessary precondition of economic growth, and argues that complex interactions among such variables as technological change, labour supply and capital formation were sources of economic disparity. Bibliography pp. 335 to 349 and graphs.







Progressive Inequality


Book Description

The Progressive Era has been depicted as a seismic event in American history--a landslide of reform that curbed capitalist excesses and reduced the gulf between rich and poor. Progressive Inequality cuts against the grain of this popular consensus, demonstrating how income inequality's growth prior to the stock market crash of 1929 continued to aggravate class divisions. As David Huyssen makes clear, Progressive attempts to alleviate economic injustice often had the effect of entrenching class animosity, making it more, not less, acute. Huyssen interweaves dramatic stories of wealthy and poor New Yorkers at the turn of the twentieth century, uncovering how initiatives in charity, labor struggles, and housing reform chafed against social, economic, and cultural differences. These cross-class actions took three main forms: prescription, in which the rich attempted to dictate the behavior of the poor; cooperation, in which mutual interest engendered good-faith collaboration; and conflict, in which sharply diverging interests produced escalating class violence. In cases where reform backfired, it reinforced a set of class biases that remain prevalent in America today, especially the notion that wealth derives from individual merit and poverty from lack of initiative. A major contribution to the history of American capitalism, Progressive Inequality makes tangible the abstract dynamics of class relations by recovering the lived encounters between rich and poor--as allies, adversaries, or subjects to inculcate--and opens a rare window onto economic and social debates in our own time.




Inequality and Institutions in 20th Century America


Book Description

We provide a comprehensive view of widening income inequality in the United States contrasting conditions since 1980 with those in earlier postwar years. We argue that the income distribution in each period was strongly shaped by a set of economic institutions. The early postwar years were dominated by unions, a negotiating framework set in the Treaty of Detroit, progressive taxes, and a high minimum wage - all parts of a general government effort to broadly distribute the gains from growth. More recent years have been characterized by reversals in all these dimensions in an institutional pattern known as the Washington Consensus. Other explanations for income disparities including skill-biased technical change and international trade are seen as factors operating within this broader institutional story.







Inequality


Book Description