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

Author

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  • 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
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    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.
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    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

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