In This Review
Inequality and Instability: A Study of the World Economy Just Before the Great Crisis

Inequality and Instability: A Study of the World Economy Just Before the Great Crisis

By James K. Galbraith

Oxford University Press, USA, 2012, 336 pp.
Finance and the Good Society

Finance and the Good Society

By Robert J. Shiller

Princeton University Press, 2012, 304 pp.
Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America

Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America

By Charles H. Ferguson

Crown Business, 2012, 384 pp.

A few years ago, while looking at the Journal of Economic Literature, the weighty compendium that tracks economic research, the economist James Galbraith spotted a curious omission. Although the journal monitors work on income inequality and on financial stability, he explains in his new book, before the recent financial crisis, "there was (and is) no category for work relating inequality to the financial system."

Part of the problem is academic tribalism: the type of economists who study inequality tend to be interested in micro-level issues of poverty rather than macroeconomic issues, such as the global supply of credit. But the

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