IDEAS home Printed from https://ideas.repec.org/a/ksp/journ1/v3y2016i2p411-414.html
   My bibliography  Save this article

Matthew P. Drennan, Income Inequality: Why it Matters and Why Most Economicsts Didn’t Notice

Author

Listed:
  • Pierre CLAVEL

    (Cornell University, Department of City and Regional Planning, USA.)

Abstract

Matthew P. Drennan, Income Inequality: Why It Matters and Why Most Economists Didn’t Notice (Yale University Press, 2015) deserves significant notice. The author focuses on theoretical approaches that might have shown the causes of income inequality with main attention to the theory of consumption, where the mainstream of the economics profession, after some attention earlier, turned away from inequality as a causal factor after the 1950s. He documents that turn, and suggests directions for a new theory. He gives brief mention to policy suggestions, but mainly concerns himself with causal issues on which policy would have to be based. Matthew Drennan has been a Visiting Professor of Urban Planning, Luskin School of Urban Affairs, UCLA since 2004. He is an Emeritus Professor, City and Regional Planning, Cornell University.

Suggested Citation

  • Pierre CLAVEL, 2016. "Matthew P. Drennan, Income Inequality: Why it Matters and Why Most Economicsts Didn’t Notice," Journal of Economics and Political Economy, KSP Journals, vol. 3(2), pages 411-414, June.
    • Handle: RePEc:ksp:journ1:v:3:y:2016:i:2:p:411-414
    as

    Download full text from publisher

    File URL: http://www.kspjournals.org/index.php/JEPE/article/download/866/864
    Download Restriction: no
    File URL: http://www.kspjournals.org/index.php/JEPE/article/view/866/864
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. N. Gregory Mankiw, 2013. "Defending the One Percent," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 21-34, Summer.
    2. Jacob S. Hacker & Paul Pierson, 2010. "Winner-Take-All Politics: Public Policy, Political Organization, and the Precipitous Rise of Top Incomes in the United States," Politics & Society, , vol. 38(2), pages 152-204, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hope, David & Martelli, Angelo, 2019. "The transition to the knowledge economy, labor market institutions, and income inequality in advanced democracies," LSE Research Online Documents on Economics 100382, London School of Economics and Political Science, LSE Library.
    2. Hager, Sandy Brian, 2020. "Varieties of Top Incomes," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 18(4), pages 1175-1198.
    3. Jordan Rosenblum, 2024. "Politics, markets, and CEO pay: a congruence analysis of two competing theoretical explanations of executive compensation at large firms in Finland," Quality & Quantity: International Journal of Methodology, Springer, vol. 58(1), pages 413-444, February.
    4. Theine, Hendrik, 2019. "The media coverage of wealth and inheritance taxation in Germany," Department of Economics Working Paper Series 290, WU Vienna University of Economics and Business.
    5. Elsässer, Lea & Hense, Svenja & Schäfer, Armin, 2018. "Government of the people, by the elite, for the rich: Unequal responsiveness in an unlikely case," MPIfG Discussion Paper 18/5, Max Planck Institute for the Study of Societies.
    6. Lars Osberg, 2014. "What’s So Bad About More Inequality?," Working Papers daleconwp2014-01, Dalhousie University, Department of Economics.
    7. Cheng Li, 2019. "Morality and value neutrality in economics: a dualist view," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 12(2), pages 97-118, May.
    8. Gustavo A. Marrero & Juan Gabriel Rodríguez, 2019. "Inequality and growth: The cholesterol hypothesis," Working Papers 501, ECINEQ, Society for the Study of Economic Inequality.
    9. Höpner, Martin & Petring, Alexander & Seikel, Daniel & Werner, Benjamin, 2014. "Liberalization policy: An empirical analysis of economic and social interventions in Western democracies," WSI Working Papers 192, The Institute of Economic and Social Research (WSI), Hans Böckler Foundation.
    10. Hecht, Katharina & Savage, Mike & Summers, Kate, 2022. "Why isn’t there more support for progressive taxation of wealth? A sociological contribution to the wider debate," LSE Research Online Documents on Economics 120793, London School of Economics and Political Science, LSE Library.
    11. Andrew Lister, 2017. "Markets, desert, and reciprocity," Politics, Philosophy & Economics, , vol. 16(1), pages 47-69, February.
    12. Mau, Vladimir & Ulyukaev, Alexey, 2015. "Global crisis and challenges for Russian economic development," Russian Journal of Economics, Elsevier, vol. 1(1), pages 4-29.
    13. Biglan, Anthony & Cody, Christine, 2013. "Integrating the human sciences to evolve effective policies," Journal of Economic Behavior & Organization, Elsevier, vol. 90(S), pages 152-162.
    14. E. Wesley F. Peterson, 2017. "Is Economic Inequality Really a Problem? A Review of the Arguments," Social Sciences, MDPI, vol. 6(4), pages 1-25, December.
    15. Larcinese, Valentino & Parmigiani, Alberto, 2023. "Income inequality and campaign contributions: evidence from the Reagan tax cut," LSE Research Online Documents on Economics 118456, London School of Economics and Political Science, LSE Library.
    16. Clément Carbonnier, 2023. "Welfare Economics and Neoliberalism: Interpreting the ideal type of perfect competition general equilibrium," SciencePo Working papers Main hal-04062786, HAL.
    17. Nahla Dhib & Arvind Ashta, 2020. "How far can we go? Determining the optimal loan size in progressive lending," Working Papers hal-03001840, HAL.
    18. Cameron Hepburn & Eric Beinhocker & J. Doyne Farmer & Alexander Teytelboym, 2014. "Resilient and Inclusive Prosperity within Planetary Boundaries," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 22(5), pages 76-92, September.
    19. Iveta Pauhofová & Tomáš Želinský, 2015. "Regionálne aspekty príjmovej polarizácie v Slovenskej republike [Regional Aspects of Income Polarization in the Slovak Republic]," Politická ekonomie, Prague University of Economics and Business, vol. 2015(6), pages 778-796.
    20. Ahiteme N. Houndonougbo & Matthew N. Murray, 2019. "Millionaires or Job Creators: What Really Happens to Employment Growth When You Stick It to the Rich?," Public Finance Review, , vol. 47(1), pages 112-141, January.

    More about this item

    Keywords

    Income; Income inequality; Economicsts.;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksp:journ1:v:3:y:2016:i:2:p:411-414. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bilal KARGI (email available below). General contact details of provider: http://www.kspjournals.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.