Updated reading list for “Inequality and the Financial Crisis” class

This is the updated reading list for the final class of PO4730.

4.9 Inequality and the Financial Crisis

For this final topic, we will look at the relationships between economic inequality and the financial crisis that has unfolded since around 2007/2008. The sovereign debt crises that have emerged from the original private sector financial problems have had large impacts on public expenditure — and so redistributive programmes. However, it has also been argued that inequality itself was an important cause of the original financial crisis in the USA. We will examine these issues. N.B. Readings may be updated at a later date for this topic as scholarly work in this field is still emerging.

Shorter/Popular Readings (Required)
Required Readings
  • Rajan, Raghuram G. (2010). Fault Lines: How Hidden Fractures Still Threaten the World Economy. Princeton University Press, Princeton, NJ, Introduction and Chapter 1
  • Krugman, Paul and Wells, Robin (2010a). The Slump Goes On: Why? New York Review of Books.
  • Krugman, Paul and Wells, Robin (2010b). The Way Out of the Slump. New York Review of Books.
  • Atkinson, A. B. and Morelli, Salvatore (2011). Economic Crises and Inequality. Paper prepared for the 2011 Human Development Report, funded by the United Nations Development Programme.
Further Readings
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