Macroeconomic Inequality From Reagan To Trump

An innovative approach to measuring inequality providing the first full integration of distributional and macro level data for the US.

Volume 40A of Research in the History of Economic Thought and Methodology features a symposium on the work of the radical economist David Gordon.

This visionary book seeks to uncover the main barriers to achieving greater social justice in existing twenty-first century capitalism. Developing a comprehensive consequentialist theory of justice applied to today’s global situation, Mike Berry adopts the thesis that, in order to move towards a more just world, the weaknesses of liberal democracy must be overcome through reconstructing robust, resilient social democracies.

No Joke is a detailed examination of Todd Phillips’s Joker, one of the biggest global box-office hits of 2019. While his success was no doubt partly because of the association of its title character with the Batman superhero franchise, Joker is anything but a flashy superhero romp. It does explore the pathologies of its central character and suggest ways in which his life experiences might have driven him to become a supervillain, the arch-enemy of Batman. At the same time, the film leaves open the possibility that its “Joker” is not, in fact, the same as the one conventionally associated with Batman. In fact, the film leaves open many interpretive possibilities, in keeping with the complex work of postmodern art that it turns out to be. Joker also engages in extensive dialogues with a range of works from modern American culture, especially the films of the 1970s and 1980s, the period in which the action of Joker is set. Moreover, Joker is a highly political film that comments in important ways on American political history from roughly the beginning of the presidency of Richard Nixon through the end of the Trump presidency, with a special focus on the Reagan years. It also comments in more general and fundamental ways on the very nature of American society and American capitalism. All this, and more, is covered in M. Keith Booker’s analysis of one of the most talked-about films of recent years.

This edited collection delves into the key aspects of the Trump campaign promises around immigration, trade, social and foreign policy, and unpicks how the first year of the presidency has played out in delivering them. It charts his first year from both historical and contemporary political standpoints, and in the context of comparative pieces stacking Trump’s performance against Gold-standard presidents such as Reagan, Kennedy and the last ‘outsider’, Eisenhower. Focusing in on a number of key elements of the presidency in depth, it offers a unique perspective on a presidency like no other, drawing on the overriding themes of populism, nativist nationalism and the battle for disengagement from the neoliberal power generation.

An in-depth political, legal, and philosophical study into the implications of wealth inequality in modern societies. Wealth, and specifically its distribution, has been a topic of great debate in recent years. Calls for justice against corporations implicated in the 2008 financial crash; populist rallying against “the one percent”; distrust of the influence of wealthy donors on elections and policy—all of these issues have their roots in a larger discussion of how wealth operates in American economic and political life. In Wealth a distinguished interdisciplinary group of scholars in political science, law and philosophy address the complex set of questions that relate to economic wealth and its implications for social and political life in modern societies. The volume thus brings together a range of perspectives on wealth, inequality, capitalism, oligarchy, and democracy. The essays also cover a number of more specific topics including limitarianism, US Constitutional history, the wealth defense industry, slavery, and tax policy. Wealth offers analysis and prescription including original assessment of existing forms of economic wealth and creative policy responses for the negative implications of wealth inequality. Economic wealth and its distribution is a pressing issue and this latest installment in the NOMOS series offers new and thought provoking insights.

"[We need] a grassroots, bottom-up movement that understands the challenge in front of us, and then organizes against monopoly power in communities across this country. This book is a blueprint for that organizing. In these pages, you will learn how monopolies and oligopolies have taken over almost every aspect of American life, and you will also learn about what can be done to stop that trend before it is too late." —From the foreword by Bernie Sanders. A passionate attack on the monopolies that are throttling American democracy. Every facet of American life is being overtaken by big platform monopolists like Facebook, Google, and Bayer (which has merged with the former agricultural giant Monsanto), resulting in a greater concentration of wealth and power than we've seen since the Gilded Age. They are evolving into political entities that often have more influence than the actual government, bending state and federal legislatures to their will and even creating arbitration courts that circumvent the US justice system. How can we recover our freedom from these giants? Anti-corruption scholar and activist Zephyr Teachout has the answer: Break 'Em Up. This book is a clarion call for liberals and leftists looking to find a common cause. Teachout makes a compelling case that monopolies are the root cause of many of the issues that today's progressives care about; they drive economic inequality, harm the planet, limit the political power of average citizens, and historically-disenfranchised groups bear the brunt of their shameful and irresponsible business practices. In order to build a better future, we must eradicate monopolies from the private sector and create new safeguards that prevent new ones from seizing power. Through her expert analysis of monopolies in several sectors and their impact on courts, journalism, inequality, and politics, Teachout offers a concrete path toward thwarting these enemies of working Americans and reclaiming our democracy before it’s too late.

The stories behind the inequality crisis—a forty-year investigation by In These Times With heart-wrenching reporting and incisive analysis, In These Times magazine has charted a staggering rise in inequality and the fall of the American middle class. Here, in a selection from four decades of articles by investigative reporters and progressive thinkers, is the story of our age. It is a tale of shockingly successful corporate takeovers stretching from Reagan to Trump, but also of brave attempts to turn the tide, from the Seattle global justice protests to Occupy to the Fight for 15. Featuring contributions from Michelle Chen, Noam Chomsky, Tom Geoghegan, Juan González, David Moberg, Salim Muwakkil, Ralph Nader, Frances Fox Piven, Keeanga-Yamahtta Taylor, Slavoj Žižek, and many others, The Age of Inequality is the definitive account of a defining issue of our time.