The political economy of inequality in the "age of extremes"

Abstract

Massey's presidential address correctly points to growing economic inequality as one of the pressing issues of our day, but his analysis gives short shift to the political institutions that underlie the economic trends. We supplement his analysis with a review of some of those institutions. In particular we point out how politics mediates between computerized production and inequality, between the segregation of education and inequality, and (drawing directly from American Apartheid) between housing markets and residential segregation.