Here is the second part of the interview with Jame K Gakbraith.  The first part is in the post Inequality and Instability.  There will be at least two more parts to follow the current one.

There is a trememndous amount of clarification in these interviews about the role that Equality did or did not play in the difference in economic growth and unemployment between Europe and The United States. The actual relation is quite different from what you have been lead to believe. Again, an indication that what seems like a logically consistent theory in books and academic papers can be turned on its head when you look at the data in a realistic way. The data is where you find the factors that you forgot to include in the theoretical analsysis.