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photo of James K. Galbraith

James K. Galbraith, economist, LBJ School of Public Affairs, University of Texas is national chairman of the Economists' Committee for a Decent Minimum Wage, a research associate at the Economic Policy Institute, consults on macroeconomic reform in China and writes a column on economic and political issues for the Texas Observer.

Economic Inequality in the Nation and the World

November 3-7, 1999 at the University of Oklahoma

Economic inequality is usually thought of as a topic in microeconomics: as a matter of supply-and-demand, influenced by labor market structures and technological change. This seminar will explore inequality in a different way, as a macroeconomic topic, influenced by national policies and economic performance.

The seminar
1. presented new ways to measure the evolution of inequality through time, particularly in the manufacturing sector, both within the United States and in other countries of the world, and examine what we can learn from this new evidence.
2. discussed the relationship between inequality, growth, unemployment, inflation and interest rates.
3. presented an analysis of the relationship between economic globalization and inequality, and
4. ended with a discussion of the relationship between equality, civil society and the process of economic development.

The Class Reading List: (These books and articles supplied by OSLEP)

Students prepared for this seminar withGalbraith's book, Created Unequal: The Crisis in American Pay , (The Free Press: 1998) and by examining the working papers that can be downloaded from http://utip.gov.utexas.edu.