James K. Galbraith looks at the relationship between global financial capital and inequality

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James K. Galbraith reviews in his special report inequality under globalisation: A reprise
published at DOC Research Isntitute historic approaches to inequality, from Rousseau, Marx, and Smith to the Kuznets’ Curve, and explains how work by researchers at the University of Texas improves on the use of older datasets to measure inequality. He presents an economics sans frontières, an empirical economics for an age of globalisation, an economics which treats interdependence as a foundational fact whose properties are to be analysed, rather than as an add-on to a prefabricated national model , transcending the conventional distinction between advanced and developing countries, and blending the two into a portrait of the world economy as a unified whole.
 

Galbraith is the Lloyd M. Bentsen Jr. Chair in Government/Business Relations, Lyndon B. Johnson School of Public Affairs; and Professor of Government at the University of Texas at Austin.