Economist James K. Galbraith, one of the country’s leading analysts of the financial crisis, speaks on the link between the growing inequality and economic instability. Galbraith, a professor in the LBJ School of Public Affairs at the University of Texas, will focus on the argument in his new book, Inequality and Instability: A Study of the World Economy Just before the Great Crisis, which demonstrates that increased inequality is a product of the rise of windfall profits in finance and the deregulation of markets.
Galbraith, a frequent commentator in the media and adviser to policymakers, is also the author of "The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too," and "Created Unequal: The Crisis in American Pay." In addition to his teaching and research, Galbraith has served in several positions on the staff of the U.S. Congress, including Executive Director of the Joint Economic Committee. At UT, Galbraith directs the Inequality Project.