Pursuits

Book Review: 'Inequality and Instability,' by James K. Galbraith

For Galbraith fils, the polarization of wealth leads to economic instability

Galbraith disputes the view that inequality is the price to pay for flexible marketsIllustration by Yarek Waszul

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By Roger Lowenstein

April 6, 2012 at 12:15 AM UTC

This article is for subscribers only.

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This article is part of the April 9, 2012 issue of businessweek.

Inequality and Instability:
A Study of the World Economy Just Before the Great Crisis
By James K. Galbraith
Oxford University Press; 336pp; $29.95

Book Review: 'Inequality and Instability,' by James K. Galbraith