Inequality is a charged topic. Measures of income inequality rose in the USA in the 1990s to levels not seen since 1929 and gave rise to a suspicion, not for the first time, of a link between radical inequality and financial instability with a resulting crisis under capitalism. Professional macroeco[...]

In an inquiry that encompasses a probe of the human psyche, an analysis of the organization of primitive society, and an examination of the sources of profit and the accumulation of wealth, the noted economist explores the nature and dynamics of capitalism[...]

Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000-interrupted only by the troubled 1970s-represented a normal performance. From this perspective the crisis was an interruption, caused by bad policy or bad people, an[...]