Financial Deregulation, Income Inequality, and Partisan Politics from the Great War to the Great Recession
Author | : Eric Reed Keller |
Publisher | : |
Total Pages | : 252 |
Release | : 2015 |
ISBN-10 | : OCLC:1012938354 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Financial Deregulation, Income Inequality, and Partisan Politics from the Great War to the Great Recession written by Eric Reed Keller and published by . This book was released on 2015 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines how financial deregulation and partisan politics shaped American market-based income distribution from 1914 to 2012 through a process called market conditioning. By using time-series data analysis, I access the effect of legislative and bureaucratic financial deregulation on market-based income concentration for the very wealthy. Then, I use process-tracing to determine why both political parties converged in the 1980s to support financial deregulation. I find financial deregulation does increase market-based income for top income earners, especially the top .01 percent. In addition, I determine that both parties were captured by neoliberal economic ideology and through the bureaucracy, shaped the financial free market in favor of the top income earners.