Galbraith: Inequality and economical instability, a systematic study

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What is the relationship between the extraordinary growth of inequality , that is literally exploded in the past two decades and the instability of the economical and financial system?

Can the differences in the distribution of the wealth and incomes have negative effects on the economical structure or is the problem of inequality an issue that concern exclusively ethical and social aspects?

What are the elements that have determined a systematical decrease of the economical differences between the most rich part of the society and the most poor one in western and developed countries in the period between the second world war and the 80’s and the contemporary strong growth of GDP?

Is there a correlation between the increase of the importance of the financial component in the economy, the  increase of inequality and the economical instability?

James Kenneth  Galbraith,  “Senior Scholar” at “Levy Economics Institute” of Bard College and  Director of  Inequality Project (UTIP) at the Department of Government, University of Texas at Austin, answer to these questions in this exclusive video of “lafinanzasulweb”, first of all explaining the difficulties in collecting comparable data between different countries and different periods.

We believe is  very significant, in this time when the most accredited theories of economy are brought into question by a more and more large number of academics and most of all by the evolution of the economical crisis, to report the thoughts of an economist that has always underlined the limits and the contradictions of the official economical theory, pondering new and original correlations.

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