first_imgAddThis ShareCONTACT: Franz BrotzenPHONE: 713-348-6775E-MAIL: [email protected] Reich to speak at Rice’s Baker Institute on recession’s causesMany blamed Wall Street for the economic meltdown of 2008, but former Labor Secretary Robert Reich argues the problem runs deeper. He points to the growing concentration of wealth among the richest Americans as the source of economic instability.Reich will speak at Rice University’s Baker Institute for Public Policy Oct. 12 about his new book, “Aftershock: The Next Economy and America’s Future.” The event will begin at 5 p.m. and is free and open to the public.Reich, who served in President Bill Clinton’s cabinet and is currently a professor of public policy at the Goldman School of Public Policy at the University of California at Berkeley, noted that the last time in U.S. history when wealth was so highly concentrated at the top was in 1928, just before the Great Depression. While this disparity sometimes creates great booms, it is usually followed by even worse busts. Reich said that unless steps are taken to address income disparity, the country will inevitably face more and deeper economic crashes in the future.Reich’s book will be available for sale, provided courtesy of Brazos Bookstore.The event will be held in Baker Hall’s Doré Commons on the Rice campus, 6100 Main St. For directions, go to” alt=”last_img” /> read more