Matthew P. Drennan's Books

Income Inequality

Why It Matters and Why Most Economists Didn't Notice

By: Matthew P. Drennan

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Income Inequality

Why It Matters and Why Most Economists Didn't Notice

By: Matthew P. Drennan

Prevailing economic theory attributes the 2008 crash and the Great Recession that followed to low interest rates, relaxed borrowing standards, and the housing price bubble. After careful analyses of statistical evidence, however, Matthew Drennan discovered that income inequality was the decisive factor behind the crisis. Pressured to keep up consumption in the face of flat or declining incomes, Americans leveraged their home equity to take on excessive debt. The collapse of the housing market left this debt unsupported, causing a domino effect throughout the economy. Drennan also found startling similarities in consumer behavior in the years leading to both the Great Depression and the Great Recession. Offering an economic explanation of a phenomenon described by prominent observers including Thomas Piketty, Jacob Hacker, Robert Kuttner, Paul Krugman, and Joseph Stiglitz, Drennan’s evenhanded analysis disproves dominant theories of consumption and draws much-needed attention to the persisting problem of income inequality.

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Page Count

168

Publisher

Yale University Press

Published Date

ISBN 10

0300216343

ISBN 13

9780300216349

Methods of Interregional and Regional Analysis

By: Walter Isard,Iwan J. Azis,Matthew P. Drennan,Ronald E. Miller,Sidney Saltzman,Erik Thorbecke

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Methods of Interregional and Regional Analysis

By: Walter Isard,Iwan J. Azis,Matthew P. Drennan,Ronald E. Miller,Sidney Saltzman,Erik Thorbecke

This landmark textbook introduces students to the principles of regional science and focuses on the key methods used in regional analysis, including regional and interregional input-output analysis, econometrics (regional and spatial), programming and industrial and urban complex analysis, gravity and spatial interaction models, SAM and social accounting (welfare) analysis and applied general interregional equilibrium models. The coherent development of the materials contained in the set of chapters provides students with a comprehensive background and understanding of how to investigate key regional problems. For the research scholar, this publication constitutes an up-to-date source book of the basic elements of each major regional science technique. More significant, it points to new directions for future research and ways interregional and regional analytic approaches can be fused to realise much more probing attacks on regional and spatial problems - a contribution far beyond what is available in the literature.

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Page Count

497

Publisher

Routledge

Published Date

ISBN 10

1351917897

ISBN 13

9781351917896

The Information Economy and American Cities

By: Matthew P. Drennan

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The Information Economy and American Cities

By: Matthew P. Drennan

Data on how cities have adapted to changing times: “An excellent analysis of the rise and role of the information sector . . . in regional economic development.” — Regional Science and Urban Economics How do metropolitan regions remain prosperous and competitive in a rapidly changing economy? Using hard data, Matthew Drennan shows that those regions that have invested heavily in the information economy have done much better than those that continue to rely on manufacturing and industry as their base. Moreover, he contends, the benefits of that growth reach the urban working poor, earlier reports to the contrary notwithstanding. The Information Economy and American Cities provides a wealth of rigorously analyzed econometric data of great value to economists, planners, and policymakers concerned with the future of America’s metropolitan areas, and provides the kind of hard evidence needed to advocate effectively for change.

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Page Count

152

Publisher

Johns Hopkins University Press+ORM

Published Date

ISBN 10

0801875366

ISBN 13

9780801875366

Newcomers

Gentrification and Its Discontents

By: Matthew L. Schuerman

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Newcomers

Gentrification and Its Discontents

By: Matthew L. Schuerman

Gentrification is transforming cities, small and large, across the country. Though it’s easy to bemoan the diminished social diversity and transformation of commercial strips that often signify a gentrifying neighborhood, determining who actually benefits and who suffers from this nebulous process can be much harder. The full story of gentrification is rooted in large-scale social and economic forces as well as in extremely local specifics—in short, it’s far more complicated than both its supporters and detractors allow. In Newcomers, journalist Matthew L. Schuerman explains how a phenomenon that began with good intentions has turned into one of the most vexing social problems of our time. He builds a national story using focused histories of northwest Brooklyn, San Francisco’s Mission District, and the onetime site of Chicago’s Cabrini-Green housing project, revealing both the commonalities among all three and the place-specific drivers of change. Schuerman argues that gentrification has become a too-easy flashpoint for all kinds of quasi-populist rage and pro-growth boosterism. In Newcomers, he doesn’t condemn gentrifiers as a whole, but rather articulates what it is they actually do, showing not only how community development can turn foul, but also instances when a “better” neighborhood truly results from changes that are good. Schuerman draws no easy conclusions, using his keen reportorial eye to create sharp, but fair, portraits of the people caught up in gentrification, the people who cause it, and its effects on the lives of everyone who calls a city home.

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Page Count

339

Publisher

University of Chicago Press

Published Date

ISBN 10

022647626X

ISBN 13

9780226476261

Income Inequality

Why it Matters and why Most Economists Didn't Notice

By: Matthew P. Drennan

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Income Inequality

Why it Matters and why Most Economists Didn't Notice

By: Matthew P. Drennan

The first book-length treatment to conclusively demonstrate the link between income inequality and the 2008 financial crisis and Great Recession Prevailing economic theory attributes the 2008 crash and the Great Recession that followed to low interest rates, relaxed borrowing standards, and the housing price bubble. After careful analyses of statistical evidence, however, Matthew Drennan discovered that income inequality was the decisive factor behind the crisis. Pressured to keep up consumption in the face of flat or declining incomes, Americans leveraged their home equity to take on excessive debt. The collapse of the housing market left this debt unsupported, causing a domino effect throughout the economy. Drennan also found startling similarities in consumer behavior in the years leading to both the Great Depression and the Great Recession. Offering an economic explanation of a phenomenon described by prominent observers including Thomas Piketty, Jacob Hacker, Robert Kuttner, Paul Krugman, and Joseph Stiglitz, Drennan's evenhanded analysis disproves dominant theories of consumption and draws much-needed attention to the persisting problem of income inequality.

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Page Count

168

Publisher

Yale University Press

Published Date

ISBN 10

0300209584

ISBN 13

9780300209587

The Information Economy and American Cities

By: Matthew P. Drennan

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The Information Economy and American Cities

By: Matthew P. Drennan

How can metropolitan regions remain prosperous and competitive in a rapidly changing economy? Challenging some long-standing assumptions, the author argues that the regions that have fared best are those that have invested in the information economy.

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Page Count

192

Publisher

JHU Press

Published Date

ISBN 10

080186934X

ISBN 13

9780801869341

Book's by Matthew P. Drennan

Income Inequality

Income Inequality

Methods of Interregional and Regional Analysis

Methods of Interregional and Regional Analysis

The Information Economy and American Cities

The Information Economy and American Cities

Newcomers

Newcomers

Income Inequality

Income Inequality

The Information Economy and American Cities

The Information Economy and American Cities

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