The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...

Eine zentrale Ursache der aktuellen Krise, die von international renommierten Ökonomen betont wird aber in der öffentlichen Debatte in Deutschland noch wenig Beachtung findet, ist die rasante Zunahme der Einkommensungleichheit in vielen Industrieländern, aber auch in einigen...

A central cause of the crisis, which the public debate has taken little notice of so far, is the rapid increase of income inequality in many industrialised countries, but also in some emerging economies. In the USA many private households have reacted to stagnating real incomes by increasingly...