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Inequality and the Great Recession

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  • Barry Clark

Abstract

What part did global inequality play in the worldwide credit crisis? Using Keynesian analysis, this author thinks it was the primary factor. Lack of demand reduced productive investment opportunities. Finance turned to speculation instead.

Suggested Citation

  • Barry Clark, 2011. "Inequality and the Great Recession," Challenge, Taylor & Francis Journals, vol. 54(3), pages 56-79.
    • Handle: RePEc:mes:challe:v:54:y:2011:i:3:p:56-79
    DOI: 10.2753/0577-5132540303
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    Cited by:

    1. Habiyaremye, Alexis & Jacobs, Peter & Molewa, Olebogeng & Lekomanyane, Pelontle, 2021. "Macroeconomic stimulus packages and income inequality in developing countries: Lessons from the 2007-9 Great Recession for the Covid-19 crisis in South Africa," MERIT Working Papers 2021-006, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Olga Zakrevskaya & Sharon Mastracci, 2013. "Differential Effects of the Great Recession by Household Type," Challenge, Taylor & Francis Journals, vol. 56(6), pages 87-114.

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