I think about "the Great Exception" SO much lately. The Cowie/Salvatore article it's based on is probably one of the most formative things I read in grad school (Thanks, Matt Lassiter.) Caught myself trying to explain it to my in-laws the other day.
Jacqueline Antonovich
This chart from Thomas Piketty illustrates what Jefferson Cowie calls “the Great Exception,” the period of the New Deal Order from the 1930s to the 1970s when inequality was low, and rates of unionization and federal marginal tax rates were high.
