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Preface to the Second Edition xi Preface to the First Edition xv 1 The New Gilded Age 1 Escalating Economic Inequality 7 Interpreting Inequality 16 Economic Inequality as a Political Issue 23 Inequality and American Democracy 28 2 The Partisan Political Economy 33 Partisan Patterns of Income Growth 35 A Partisan Coincidence? 38 Partisan Differences in Macroeconomic Policy 48 Macroeconomic Performance and Income Growth 52 Do Presidents Still Matter? 57 Partisan Redistribution 62 Democrats, Republicans, and the Rise of Inequality 69 3 Partisan Biases in Economic Accountability 74 Myopic Voters 76 The Electoral Timing of Income Growth 82 Class Biases in Economic Voting 87 The Wealthy Give Something Back: Partisan Biases in Campaign Spending 93 The Political Consequences of Biased Accountability 98 4 Do Americans Care about Inequality? 105 Egalitarian Values 108 Rich and Poor 113 Perceptions of Inequality 118 Facts and Values in the Realm of Inequality 124 5 Homer Gets a Tax Cut 136 The Bush Tax Cuts 138 Public Support for the Tax Cuts 144 Unenlightened Self-Interest 150 The Impact of Political Information 155 The Long Sunset 163 6 The Strange Appeal of Estate Tax Repeal 170 Public Support for Estate Tax Repeal 173 Is Public Support for Repeal a Product of Misinformation? 181 Did Interest Groups Manufacture Public Antipathy to the Estate Tax? 189 Elite Ideology and the Politics of Estate Tax Repeal 193 7 The Eroding Minimum Wage 198 The Economic Effects of the Minimum Wage 202 Public Support for the Minimum Wage 205 The Politics of Congressional Inaction 209 Democrats, Unions, and the Eroding Minimum Wage 217 Local Action 223 The Earned Income Tax Credit 228 8 Economic Inequality and Political Representation 233 Congressional Representation 235 Unequal Responsiveness 239 Partisan Differences in Responsiveness 248 Systemic Responsiveness 249 Plutocracy? 254 Why the Poor Are Unrepresented 257 9 Stress Test: The Political Economy of the Great Recession 269 The 2008 Election and the New New Deal 274 Reaction and Gridlock 281 The Political Impact of the Recession 286 But Did It Work? 295 Geithner's World 301 Not the New New Deal 305 10 The Defining Challenge of Our Time? 309 A National Conversation ? 311 The Class War Gets Personal: Inequality as an Issue in the 2012 Campaign 315 Obama and Inequality 329 The Political Challenge 334 11 Unequal Democracy 342 Who Governs? 344 Partisan Politics and the Have-nots 347 Political Obstacles to Economic Equality 352 The City of Utmost Necessity 358 Postscript 365 References 367 Index 385
Larry M. Bartels holds the May Werthan Shayne Chair of Public Policy and Social Science at Vanderbilt University. His books include Democracy for Realists: Why Elections Do Not Produce Responsive Government (with Christopher H. Achen) and Presidential Primaries and the Dynamics of Public Choice (both Princeton). He is a trustee of the Russell Sage Foundation, a fellow of the American Academy of Political and Social Science, and a member of the American Academy of Arts and Sciences and the National Academy of Sciences.
Winner of Gladys M. Kammerer Award, American Political Science Association 2009 (United States) and Leon D. Epstein Outstanding Book Award, Political Organizations and Parties Section, American Political Science Association 2009 (United States).