The Great Recession was deep and the subsequent recovery has been slower than most economists predicted. This article summarizes the message of a recent book that presents perspectives from a group of Keynesian economists who warned prior to 2007 of dangerous trends that could lead to these...

"The severity of the Great Recession and the subsequent stagnation caught many economists by surprise. But a group of Keynesian scholars warned for some years that strong forces were leading the US toward a deep, persistent downturn. This book collects essays about these events from prominent...

Rising inequality reduced income growth for the bottom 95 percent of the US personal income distribution beginning about 1980. To maintain stable debt to income, this group's consumption-income ratio needed to decline, which did not happen through 2006, and its debt-income ratio rose...

Rising inequality reduced income growth for the bottom 95 percent of the US personal income distribution beginning about 1980. To maintain stable debt to income, this group’s consumption-income ratio needed to decline, which did not happen through 2006, and its debt- income ratio rose...

Cover -- AFTER THE GREAT RECESSION -- Title -- Copyright -- Contents -- Figures -- Tables -- Contributors -- Foreword -- Preface -- PART ONE: INTRODUCTION AND OVERVIEW -- ONE Understanding the Great recession -- 1. The Great Recession: A Brief History -- 2. Mainstream Macroeconomics and the...