Income Inequality and Crisis Theories

Abstract

This paper aims to review the relationship between crisis theories in Mainstream economics, Post-Keynesian economics, Marxian economics and income inequality, especially within the context of great recession. Emergence of the great recession and its devastating effects, not only on financial sectors likewise on real economy brought discussions of origin of crises back in fashion. Inequality was accepted as an important factor contributing to great recession and it is brought to the fore in crisis theories due to sharply increased income inequality before the great recession even though there is disagreement amongst different schools of thought on causes of crisis.

Keywords

• Income ınequality
• Crisis Theories
• Great Recession

Gelir Eşitsizliği ve Kriz Teorileri

Abstract

Bu makale, özellikle 2007-2008 büyük durgunluk dönemi bağlamında, gelir eşitsizliği ve Ana akım iktisat, Post-Keynesyen iktisat ve Marksist iktisattaki kriz teorileri arasındaki ilişkiyi gözden geçirmeyi amaçlamaktadır. Büyük durgunluğun ortaya çıkışı ve sadece finansal sektör değil, aynı zamanda reel ekonomi üzerindeki yıkıcı etkileri, krizlerin kökeni tartışmalarını yeniden moda haline getirmiştir. Eşitsizlik, büyük durgunluğa katkıda bulunan önemli bir faktör olarak kabul edilmiş ve krizin nedenleri konusunda farklı düşünce okulları arasında anlaşmazlık olsa da, büyük durgunluktan önce keskin bir şekilde artan gelir eşitsizliği nedeniyle kriz teorilerinde ön plana çıkmıştır.

Keywords

• gelir eşitsizliği
• kriz teorileri
• büyük durgunluk

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