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Inequality has always been with us. With the growth of capitalism across the globe, inequalities of income, wealth and power became increasingly extreme. Written by economist Douglas Dowd, this book shows that the present banking crisis is the result of the growth of inequality across the globe. The expansion of the financial sector has brought incredible riches to a select few, at the expense of the majority. Inequality was ignored, or described as a necessary aspect of a booming global economy. With the collapse of the world markets, the fallacy of this position is clear. Inequality and the Global Economic Crisis shows how it is only by addressing inequality that we can secure the health of our economies in the future.--Publisher

Karl Marx: the needs of capital vs. the needs of human beings / by Michael Lebowitz -- Thorstein Veblen: the evolution of capitalism from economic and political to social dominance; economics as its faithful servant / by Douglas Dowd -- What gramsci means today / by Carl Boggs -- The U.S. institutionalists / by Michael Keaney -- Post Keynesian economics / by Frederic Lee -- Paul Sweezy and the monopoly capital school / by John Bellamy Foster -- Amartya Sen: late twentieth century's greatest political economist? / by Robin Hahnel