Abstract
Abstract. Matthew P. Drennan, Income Inequality: Why It Matters and Why Most Economists Didn’t Notice (Yale University Press, 2015) deserves significant notice. The author focuses on theoretical approaches that might have shown the causes of income inequality with main attention to the theory of consumption, where the mainstream of the economics profession, after some attention earlier, turned away from inequality as a causal factor after the 1950s. He documents that turn, and suggests directions for a new theory. He gives brief mention to policy suggestions, but mainly concerns himself with causal issues on which policy would have to be based. Matthew Drennan has been a Visiting Professor of Urban Planning, Luskin School of Urban Affairs, UCLA since 2004. He is an Emeritus Professor, City and Regional Planning, Cornell University.
Keywords. Income, Income inequality, Economicsts.
JEL. D31, E01, E24, E25, H24, N30.
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