Economic Policy-Foundational: Difference between revisions
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Created page with "==Resources== [https://stonecenter.gc.cuny.edu/ Stone Center on Socio Economic Inequality] ==Articles== =====Why Did the Rich Pull Away from the Rest? Paul Krugman, Understanding Inequality: Part I===== [https://stonecenter.gc.cuny.edu/why-did-the-rich-pull-away-from-the-rest-paul-krugman-understanding-inequality-part-i/ by Paul Krugman July 7, 2025 Stone Center on Socio-Economic Inequality] Between World War II and the 1970s income disparities in America were relative..." |
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=====Predatory Financialization. Paul Krugman, Understanding Inequality: Part V===== | =====Predatory Financialization. Paul Krugman, Understanding Inequality: Part V===== | ||
[ | [https://stonecenter.gc.cuny.edu/predatory-financialization-paul-krugman-understanding-inequality-part-v/ by Paul Krugman August 4, 2025 Stone Center on Socio-Economic Inequality] | ||
The fact is that financialization of the U.S. economy has been a major driver of rising inequality. What do I mean by financialization? Actually I mean two different but related things. One aspect is the extraordinary rise in the share of the U.S. economy devoted to financial activities as opposed to production of goods and services. A second is the pervasive way in which financiers and financial institutions like hedge funds and private equity have changed how even nonfinancial business operates. These changes have almost always increased inequality. | The fact is that financialization of the U.S. economy has been a major driver of rising inequality. What do I mean by financialization? Actually I mean two different but related things. One aspect is the extraordinary rise in the share of the U.S. economy devoted to financial activities as opposed to production of goods and services. A second is the pervasive way in which financiers and financial institutions like hedge funds and private equity have changed how even nonfinancial business operates. These changes have almost always increased inequality. | ||
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2.How growth in finance directly increases income and wealth inequality | 2.How growth in finance directly increases income and wealth inequality | ||
3.How the increased role of Wall Street has changed the way the rest of the economy operates | 3.How the increased role of Wall Street has changed the way the rest of the economy operates | ||
==People== | ==People== | ||
[https://stonecenter.gc.cuny.edu/people/krugman-paul/ Paul Krugman] | [https://stonecenter.gc.cuny.edu/people/krugman-paul/ Paul Krugman] | ||
