Lance Taylor is the Arnhold Professor Emeritus of International Cooperation and Development and was Director of the Center for Economic Policy Analysis at the New School for Social Research, New York.

• Introduction; 1. Decades of income inequality; 2. Macroeconomic income distribution; 3. 'Capital', capital gains, capitalization, and wealth; 4. Sectoral stagnation, flat productivity, and lagging real wages; 5. Institutions and models for maldistribution; 6. Possible future prospects; References.

'This book is a tour de force. Combining deep theoretical insights with thorough empirical work, the authors explain the causes and consequences of major recent episodes in the advanced capitalist world. Over the decades, Taylor has built up a convincing, original, and thoroughly researched theoretical structure of his own. The end results illuminate understanding about the provision of humane and realistic policies. These findings operate as characteristics of this new volume, the first in an important new series. Macroeconomic Inequality from Reagan to Trump is certain to be a jewel in its crown.' Geoff Harcourt, Jesus College, Cambridge