References
- Abedi, V., O. Olulana, V. Avula, D. Chaudhary, A. Khan, S. Shahjouei, J. Li, and R. Zand. 2021. ‘Racial, Economic, and Health Inequality and COVID-19 Infection in the United States.’ Journal of Racial & Ethnic Health Disparities 8 (3): 732–742.
- Adrian, T., and F. Natalucci. 2021. ‘Financial Perils in Check for Now, Eyes Turn to Risk of Market Correction.’ IMF Blog, January 27. https://blogs.imf.org/2021/01/27/financial-perils-in-check-for-now-eyes-turn-to-risk-of-market-correction/.
- Alveda, P., T. Ferguson, and J. C. Mallery. 2020. ‘To Save the Economy, Save People First.’ INET Blog November 18. New York: Institute for New Economic Thinking. https://www.ineteconomics.org/perspectives/blog/to-save-the-economy-save-people-first.
- Appelbaum, E., and R. Batt. 2020. ‘Private Equity Buyouts in Healthcare: Who Wins, Who Loses?’ INET Working Paper No. 118. New York: Institute for New Economic Thinking.
- Ben-David, I., D. F. Franzoni, R. Moussawi, and J. Sedunov. 2020. ‘The Granular Nature of Large Institutional Investors.’ NBER Working Paper 22247. Cambridge, MA: National Bureau of Economic Research.
- Besley, T., and P. Hennesy. 2009. ‘Letter to Her Majesty The Queen.' British Academy, July 22. London: British Academy. https://www.ma.imperial.ac.uk/~bin06/M3A22/queen-lse.pdf.
- Blundell, R., M. Costa Dias, R. Joyce, and X. Xu. 2020. ‘COVID-19 and Inequality.’ Fiscal Studies 41 (2): 291–319.
- Bourquin, P., R. Joyce, and A. Norris Keiler. 2020. Living Standards, Poverty and Inequality in the UK: 2020. London: The Institute for Fiscal Studies. https://www.ifs.org.uk/uploads/R170-Living-standards-poverty-and-inequality-in-the-UK-2019-2020%20.pdf.
- Braun, B. 2020. ‘Asset Manager Capitalism as a Corporate Governance Regime. Forthcoming.’ In American Political Economy: Institutions, Interests, and Inequalities, edited by J. S. Hacker, A. Hertel-Fernandez, P. Pierson, and K. Thelen. New York: Cambridge University Press.
- Case, A., and A. Deaton. 2020. Deaths of Despair and the Future of Capitalism. Princeton: Princeton University Press.
- Chappata, B. 2021. ‘Covid Housing Boom Is Even Bigger Than Imagined.’ Bloomberg Opinion, February 21. https://www.bloomberg.com/opinion/articles/2021-02-17/covid-housing-boom-is-even-bigger-than-imagined.
- Child Poverty Action Group. 2020. ‘Child Poverty: Facts and Figures.’ https://cpag.org.uk/child-poverty/child-poverty-facts-and-figures#footnoteref1_bdleu6p.
- Collins, C. 2020. ‘U.S. Billionaire Wealth Surges Past $1 Trillion Since Beginning of Pandemic — Total Grows to $4 Trillion.’ Blog Institute for Policy Studies. https://ips-dc.org/u-s-billionaire-wealth-surges-past-1-trillion-since-beginning-of-pandemic/?utm_campaign=ipsnews-120420&emci=d1f78969-5536-eb11-9fb4-00155d43b2cd&emdi=12d4c45d-5f36-eb11-9fb4-00155d43b2cd&ceid=3874843.
- Deuschl, G., E. Beghi, F. Fazekas, T. Varga, K. A. Christoforidi, E. Sipido, C. L. Bassetti, T. Vos, and V. L. Feigin. 2020. ‘The Burden of Neurological Diseases in Europe: An Analysis for the Global Burden of Disease Study 2017.’ The Lancet Public Health 5 (10): E551–E567. https://www.thelancet.com/journals/lanpub/article/PIIS2468-2667(20)30190-0/fulltext.
- Ferguson, T., P. Jorgenson, and J. Chen. 2019. ‘How Money Drives US Congressional Elections: Linear Models of Money and Outcomes.’ Structural change and economic dynamics, in press.
- Ferguson, T., P. Jorgenson, and J. Chen. 2021. ‘Big Money Drove the Congressional Elections – Again.’ INET Blog, February 11. New York: Institute for New Economic Thinking. https://www.ineteconomics.org/perspectives/blog/big-money-drove-the-congressional-elections-again.
- Franzoni, F. 2019. The Effects of Concentration in the Asset Management Industry on Stock Prices.’ VoxEU.org, June 3. https://voxeu.org/article/concentration-asset-management-industry-and-stock-prices.
- Furman, J., and L. Summers. 2020. ‘A Reconsideration of Fiscal Policy in the Era of Low Interest Rates.’ Brookings Institution. https://www.brookings.edu/wp-content/uploads/2020/11/furman-summers-fiscal-reconsideration-discussion-draft.pdf.
- Gabor, D. 2020. ‘Critical Macro-Finance: a Theoretical Lens.’ Finance and Society 6 (1): 45–55.
- Gabor, D. 2021. ‘The Wall Street Consensus.’ Development and Change 52 (3): 429–459.
- Galbraith, J. K. 1958. The New Industrial State.
- Galbraith, J. K. 1973. ‘Power and the Useful Economist.’ American Economic Review 63 (1): 1–11.
- Galbraith, J. K. 2021. ‘The Long Overdue Revolution in Economic Thinking.’ INET Podcast, March 1. https://www.ineteconomics.org/perspectives/podcasts/long-overdue-revolution.
- Giles, C. 2021a. ‘OECD Warns Governments to Rethink Constraints on Public Spending.’ The Financial Times, January 4, 2021.
- Giles, C. 2021b. ‘Rethink Public Finance Rules and Live with Much Higher Debt, IMF says.’ The Financial Times, January 28, 2021.
- Grice, A. 2015. ‘Food Banks: One Million Britons will Soon be Using them, According to Trussell Trust.’ The Independent, 18 April. https://www.independent.co.uk/news/uk/home-news/one-million-britons-using-food-banks-according-trussell-trust-10186142.html.
- Gupta, A., S. T. Howell, C. Yannelis, and A. Gupta. 2021. ‘Does Private Equity Investment in Healthcare Benefit Patients? Evidence from Nursing Homes.’ NBER Working Paper 28474. Cambridge, MA: National Bureau of Economic Research.
- Henwood, D. 2019. ‘Modern Monetary Theory Isn’t Helping.’ Jacobin, 21 February. Available at: https://www.jacobinmag.com/2019/02/modern-monetary-theory-isnt-helping.
- Hochlaf, D., H. Quilter-Pinner, and T. Kibasi. 2019. Ending the Blame Game. The Case for a New Approach to Public Health and Prevention. London: The Institute for Public Policy Research. https://www.ippr.org/files/2019-06/public-health-and-prevention-june19.pdf.
- Hope, D., and J. Limberg. 2020. ‘The Economic Consequences of Major Tax Cuts for the Rich.’ LSE International Inequalities Institute Working Paper 55. London School of Economics. http://eprints.lse.ac.uk/107919/1/Hope_economic_consequences_of_major_tax_cuts_published.pdf.
- Horton, R. 2020a. ‘Covid-19 has Exposed the Reality of Britain: Poverty, Insecurity and Inequality.’ The Guardian, 8 September. https://www.theguardian.com/commentisfree/2020/sep/08/covid-19-britain-poverty-insecurity-inequality-fairer-society.
- Horton, R. 2020b. ‘Alarming New Data Shows the UK was the ‘Sick Man’ of Europe Even before Covid.’ The Guardian, 18 October. https://www.theguardian.com/commentisfree/2020/oct/18/alarming-data-britain-sick-man-europe-before-covid.
- IMF. 2020. Fiscal Monitor: Policies for the Recovery. October. Washington, DC: IMF.
- IMF. 2021. Fiscal Monitor Update: January 2021. Washington, DC: IMF. https://www.imf.org/en/Publications/FM/Issues/2021/01/20/fiscal-monitor-update-january-2021.
- Islam, N., B. Lacey, S. Shabnam, A. M. Erzurumluoglu, H. Dambha-Miller, G. Chowell, I. Kawachi, and M. Marmot. 2021. ‘Social Inequality and the Syndemic of Chronic Disease and COVID-19: County- Level Analysis in the US.’ Journal of Epidemiology & Community Health 75: 496–500. https://jech.bmj.com/content/jech/75/6/496.full.pdf.
- Johnson, P. 2013. ‘Opening Remarks.’ Institute for Fiscal Studies. London. https://www.ifs.org.uk/budgets/sr2013/paul_johnson.pdf.
- Joyce, R., and X. Xu. 2019. Inequalities in the 21st Century: Introducing the Deaton Review. London: The Institute for Fiscal Studies. https://www.ifs.org.uk/inequality/wp-content/uploads/2019/05/The-IFS-Deaton-Review-launch_final.pdf.
- Jung, C., and S. Nanda. 2021. Tax and Recovery: Beyond the Binary. Why Raising Some Taxes This Year, Alongside a Bold Stimulus, is in Line with a Strong Recovery. London: Institute for Public Policy Research. https://www.ippr.org/research/publications/tax-and-recovery.
- Kane, E. 2020. Masters of Illusion: Bank and Regulatory Accounting for Losses in Distressed Banks. INET Working Paper 136. New York: Institute for New Economic Thinking.
- Keynes, J. M. 1936. The General Theory of Employment, Interest and Money. London: Macmillan.
- Lazonick, W., and M. Hopkins. 2020. ‘The $5.3 Trillion Question Behind America’s COVID-19 Failure.’ INET Blog. New York: Institute for New Economic Thinking.
- Lazonick, W., M. E. Sakinç, and M. Hopkins. 2020. ‘Why Stock Buybacks Are Dangerous for the Economy.’ Harvard Business Review, January 7. https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for-the-economy.
- Liao, T. F., and F. De Maio. 2021. ‘Association of Social and Economic Inequality with Coronavirus Disease 2019 Incidence and Mortality Across US Counties.’ JAMA Network Open. January 20. https://jamanetwork.com/journals/jamanetworkopen/ fullarticle/2775303.
- Lipsey, R. G. 2007. ‘Reflections on the General Theory of Second Best at its Golden Jubilee.’ International Tax and Public Finance 14: 349–364.
- Lipsey, R. G., and K. Lancaster. 1956. ‘The General Theory of the Second Best.’ The Review of Economic Studies 24 (1): 11–32.
- Macfarlane, L. 2021. ‘Rishi Sunak said He’d Protect the Vulnerable. So why is he making them pay? Open Democracy, March 4. https://www.opendemocracy.net/en/oureconomy/ rishi-sunak-said-hed-protect-the-vulnerable-so-why-is-he-making-them-pay/.
- Mankiw, N. G. 2015. Principles of Economics (7th Edition). Stanford, CT: Cengage Learning.
- Mankiw, N. G. 2021. ‘Can America Afford to become a Major Welfare State?’ The New York Times, September 15.
- Marmot, M. 2020a. Health Equity in England: The Marmot Review Ten Years On. Institute of Health Equity. https://www.health.org.uk/publications/reports/the-marmot-review-10-years-on.
- Marmot, M., J. Allen, and P. Goldblatt. 2020b. Build Back Fairer: The COVID-19 Marmot Review. The Pandemic, Socioeconomic and Health Inequalities in England. Institute of Health Equity. http://www.instituteofhealthequity.org/resources-reports/build-back-fairer-the-COVID-19-marmot-review/build-back-fairer-the-COVID-19-marmot-review-executive-summary.pdf.
- O’Connor, J. 1973. The Fiscal Crisis of the State. New Brunswick, NJ: Transaction Publisher.
- Palley, T. 2020. ‘What’s Wrong with Modern Monetary Theory: Macro and Political Economic Restraints on Deficit-Financed Fiscal Policy.’ Review of Keynesian Economics 8 (4): 472–493.
- Palma, J. G. 2020. ‘Finance as Perpetual Orgy: How the “New Alchemists” Twisted Kindleberger’s Cycle of “Manias, Panics and Crashes” into “Manias, Panics, and Renewed Manias”.’ Cambridge Working Paper in Economics 2094. University of Cambridge: Faculty of Economics.
- Politi, J. 2020. ‘Federal Reserve Debates Tougher Regulation to Prevent Asset Bubbles.’ The Financial Times, October 17.
- Pratley, N. 2021. ‘Veteran Investor is Right to Question Stock Market Exuberance.’ The Guardian, January 6. https://www.theguardian.com/business/nils-pratley-on-finance/2021/jan/06/veteran-investor-stock-market-jeremy-grantham-epic-bubble-wall-street.
- Saez, I., and G. Zucman. 2016. ‘Wealth Inequality in the United States Since 1913: Evidence from Capitalized Income tax Data.’ Quarterly Journal of Economics 131 (2): 519–578.
- Saez, I., and G. Zucman. 2019. ‘How wouLd a Progressive Wealth Tax Work? Evidence from the Economics Literature.’ Mimeo. https://eml.berkeley.edu/~saez/saez-zucman-wealthtaxobjections.pdf.
- Stansbury, A., and L. H. Summers. 2020. ‘The Declining Worker Power Hypothesis: An Explanation for the Recent Evolution of the American Economy.’ NBER Working Paper 27193. Cambridge, MA: National Bureau of Economic Research.
- Stewart, H. 2009. ‘This is How We Let the Credit Crunch Happen, Ma’am … ’. The Guardian, July 26.
- Storm, S. 2017. ‘The new Normal: Demand, Secular Stagnation, and the Vanishing Middle Class.’ International Journal of Political Economy 46 (4): 169–210.
- Storm, S. 2018. ‘Financialization and Economic Development: A Debate on the Social Efficiency of Modern Finance.’ Development and Change 49 (2): 302–329.
- Storm, S. 2021. ‘Cordon of Conformity: why DSGE Models are not the Future of Macroeconomics.’ International Journal of Political Economy 50 (2): 77–98.
- Tan, A. X., J. A. Hinman, H. S. Abdel Magid, L. M. Nelson, and M. C. Odden. 2021. ‘Association Between Income Inequality and County-Level COVID-19 Cases and Deaths in the US.’ JAMA Network Open 4 (5): e218799. https://jamanetwork.com/journals/jamanetworkopen/fullarticle/2779417.
- Taylor, L. (with Ö. Ömer) 2020. Macroeconomic Inequality from Reagan to Trump. Market Power, Wage Repression, Asset Price Inflation, and Industrial Decline. Cambridge: Cambridge University Press.
- Trussel Trust. 2020. ‘End of Year Stats.’ https://www.trusselltrust.org/news-and-blog/latest-stats/end-year-stats/.
- Tufekci, Z. 2020. ‘This Overlooked Variable Is the Key to the Pandemic. It’s not R.’ The Atlantic, September 30. https://www.theatlantic.com/health/archive/2020/09/k-overlooked-variable-driving-pandemic/616548/.
- Woolhandler, S., D. U. Himmelstein, S. Ahmed, Z. Bailey, M. T. Bassett, M. Bird, J. Bor, et al. 2021. ‘Public Policy and Health in the Trump era.’ The Lancet 397 (10275): 705–753.