Created Unequal: The Crisis in American Pay by James K. GalbraithCreated Unequal: The Crisis in American Pay by James K. Galbraith

Created Unequal: The Crisis in American Pay

byJames K. Galbraith


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The boom of the U.S. economy in the late 1990s suggests that Americans are better off than they were a decade ago, but this is not true across the board and the reason, as James Galbraith explains, is wage inequality. He contends that inequality is not the result of impersonal market forces but of specific government decisions and the poor economic performance they created. Featuring a new afterword on wage shifts since 1994, Created Unequal is a rousing book that reminds us we can reclaim our country through economic understanding, commonsense policy, and political action.

"Created Unequal is not light reading, but Galbraith's elegant arguments, passionate exposition, and profound conclusions make it worth the trouble. . . . [Galbraith] remind[s] us that the economy is and ought to be run by humans, not humans by the economy."—Joanna Ciulla, Los Angeles Times Book Review

"Created Unequal is a lucid and wise explanation of why America seems to be prospering while most Americans aren't. James Galbraith takes steady aim at a variety of widely accepted economic myths and hits most of them dead center. This book will tell you a lot about the way your economic world really works."—Jeff Faux, President of the Economic Policy Institute

"[A] brilliant and iconoclastic examination of the major social trend of our time."—Michael Lind, Washington Monthly

James K. Galbraith is a professor at the Lyndon B. Johnson School of Public Affairs and at the Department of Government, University of Texas at Austin, and Senior Scholar of the Jerome Levy Economics Institute. He is the author of Balancing Acts: Technology, Finance, and the American Future and coauthor of two textbooks, The Economic P...
Title:Created Unequal: The Crisis in American PayFormat:PaperbackDimensions:378 pages, 9.25 × 6 × 0.9 inLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0226278794

ISBN - 13:9780226278797

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Table of Contents

Part One: Ideas
1. The Crisis of Wages and Transfers
2. The Skill Fallacy
3. Monopoly Power
4. The Concept of the Wage Structure
Part Two: Evidence
5. Instability and Stagnation
6. The Three-Level Economy
7. The Patterns of Industrial Change
8. Inequality, Unemployment, Inflation, and Growth
9. Service Wages and the Investment Cycle
Part Three: Heresies
10. The NAIRU Trap
11. The New Victorians
12. Liberals Stuck on the Supply Side
Part Four: Policies
13. Interest Rates and the Central Bank
14. Inflation Control Without Unemployment
15. International Full Employment
16. The Fate of the Market
Technical Appendixes to Chapters 2, 6, 7, and 8