ECONOMIST JAMES K. GALBRAITH EXPLAINS HOW RISING ECONOMIC INEQUALITY IS VERY CLOSELY ASSOCIATED WITH RISE OF THE STOCK MARKET AND THE INSTABILITY IT BROUGHT ON. SOME QUOTES: "ECONOMIC POWER SHOULD NOT BE UNDER THE CONTROL OF BANKERS." IT IS A MYTH THAT UNEMPLOYMENT IN EUROPE IS A CONSEQUENCE OF THEIR MORE EGALITARIAN POLICIES. "THE FACT ON THE GROUND IS THAT COUNTRIES WHICH ARE MORE UNEQUAL IN EUROPE HAVE MUCH HIGHER UNEMPLOYMENT THAN THE MORE EGALITARIAN COUNTRIES"

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April 18, 2012

Inequality and Instability 

James K. Galbraith presents his study of the world economy just before the great crisis

April 19, 2012

Inequality and Instability - Part 2 

James K. Galbraith: The Bush years - Growth demanded new markets among debtors who previously had not qualified for mortgages



April 20, 2012

Inequality and Instability - Part 3 

James K. Galbraith on link between inequality and instability: Societies that are more egalitarian are more stable



April 22, 2012

Inequality and Instability - Part 4 

James K. Galbraith on his study of the world economy just before the great crisis

Bio 

James K. Galbraith teaches economics at the University of Texas where he is a Senior Scholar of the Levy Economics Institute and the Chair of the Board of Economists for Peace and Security. The son of renowned economist, the late, John Kenneth Galbraith, he writes a column called "Econoclast" for Mother Jones, and occasional commentary in many other publications, including The Texas Observer, The American Prospect, and The Nation. He is an occasional commentator for Public Radio International's Marketplace.He directs the University of Texas Inequality Project, an informal research group based at the LBJ School.