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The Political Economy of Inequality

The Political Economy of Inequality PDF Author: Frank Stilwell
Publisher: John Wiley & Sons
ISBN: 1509528687
Category : Political Science
Languages : en
Pages : 256

Book Description
During the last few decades, the gap between the incomes, wealth and living standards of rich and poor people has increased in most countries. Economic inequality has become a defining issue of our age. In this book, leading political economist Frank Stilwell provides a comprehensive overview of the nature, causes, and consequences of this growing divide. He shows how we can understand inequalities of wealth and incomes, globally and nationally, examines the scale of the problem and explains how it affects our wellbeing. He also shows that, although governments are often committed to ‘growth at all costs’ and ‘trickle down’ economics, there are alternative public policies that could be used to narrow the gap between rich and poor. Stilwell’s engaging and clear guide to the issues will be indispensable reading for all students, general readers and scholars interested in inequality in political economy, economics, public policy and beyond.

The Political Economy of Inequality

The Political Economy of Inequality PDF Author: Frank Stilwell
Publisher: John Wiley & Sons
ISBN: 1509528687
Category : Political Science
Languages : en
Pages : 256

Book Description
During the last few decades, the gap between the incomes, wealth and living standards of rich and poor people has increased in most countries. Economic inequality has become a defining issue of our age. In this book, leading political economist Frank Stilwell provides a comprehensive overview of the nature, causes, and consequences of this growing divide. He shows how we can understand inequalities of wealth and incomes, globally and nationally, examines the scale of the problem and explains how it affects our wellbeing. He also shows that, although governments are often committed to ‘growth at all costs’ and ‘trickle down’ economics, there are alternative public policies that could be used to narrow the gap between rich and poor. Stilwell’s engaging and clear guide to the issues will be indispensable reading for all students, general readers and scholars interested in inequality in political economy, economics, public policy and beyond.

Income Inequality

Income Inequality PDF Author: Brian Keeley
Publisher: Org. for Economic Cooperation & Development
ISBN: 9789264246003
Category :
Languages : en
Pages : 120

Book Description
Income inequality is rising. A quarter of a century ago, the average disposable income of the richest 10% in OECD countries was around seven times higher than that of the poorest 10%; today, it's around 9½ times higher. Why does this matter? Many fear this widening gap is hurting individuals, societies and even economies. This book explores income inequality across five main headings. It starts by explaining some key terms in the inequality debate. It then examines recent trends and explains why income inequality varies between countries. Next it looks at why income gaps are growing and, in particular, at the rise of the 1%. It then looks at the consequences, including research that suggests widening inequality could hurt economic growth. Finally, it examines policies for addressing inequality and making economies more inclusive.

Unbound

Unbound PDF Author: Heather Boushey
Publisher: Harvard University Press
ISBN: 0674919319
Category : Business & Economics
Languages : en
Pages : 305

Book Description
A Financial Times Book of the Year “The strongest documentation I have seen for the many ways in which inequality is harmful to economic growth.” —Jason Furman “A timely and very useful guide...Boushey assimilates a great deal of recent economic research and argues that it amounts to a paradigm shift.” —New Yorker Do we have to choose between equality and prosperity? Decisions made over the past fifty years have created underlying fragilities in our society that make our economy less effective in good times and less resilient to shocks, such as today’s coronavirus pandemic. Many think tackling inequality would require such heavy-handed interference that it would stifle economic growth. But a careful look at the data suggests nothing could be further from the truth—and that reducing inequality is in fact key to delivering future prosperity. Presenting cutting-edge economics with verve, Heather Boushey shows how rising inequality is a drain on talent, ideas, and innovation, leading to a concentration of capital and a damaging under-investment in schools, infrastructure, and other public goods. We know inequality is fueling social unrest. Boushey shows persuasively that it is also a serious drag on growth. “In this outstanding book, Heather Boushey...shows that, beyond a point, inequality damages the economy by limiting the quantity and quality of human capital and skills, blocking access to opportunity, underfunding public services, facilitating predatory rent-seeking, weakening aggregate demand, and increasing reliance on unsustainable credit.” —Martin Wolf, Financial Times “Think rising levels of inequality are just an inevitable outcome of our market-driven economy? Then you should read Boushey’s well-argued, well-documented explanation of why you’re wrong.” —David Rotman, MIT Technology Review

Economic Inequality – Trends, Traps and Trade-offs

Economic Inequality – Trends, Traps and Trade-offs PDF Author: Medani P. Bhandari
Publisher: CRC Press
ISBN: 1000792927
Category : Business & Economics
Languages : en
Pages : 343

Book Description
The book “Economic Inequality – Trends, Traps and Trade-offs” presents the unexplored issues of economic inequality, including case studies of various countries. Inequality is a chronic divisive factor of society. It is well known that inequalities (such as economic, social, cultural, religious, geographical, etc.) have been omnipresent in human society. Inequalities can be found within each family, each community, and each nation and thus globally. Inequality is a major cause of political, economic, social instability, and creates crisis and conflict within society. A major cause of inequality is unequal, uneven, biased, power centric distributions of human economic, social, political, cultural and spiritual human necessities.The edited book examines the major parameters of the socio-economic issues of inequality and focuses on the key economic issues of inequality, namely, income and wealth distribution, equity & equality of outcome, and equality of opportunities. Economic inequality is measured by wealth, income dsiproportions in distribution and consumption patterns in a specific area. Mostly, inequality is measured using various statistical tools including the Gini Coefficient, inequality adjusted human development index, 20:20 ratio, Palma ratio, Hoover index, Galt score, Coefficient of variation, Theil index, wage share etc. However, not all income can be measured by these tools. By using case studies, this book encourages us to reframe economic development through the lens of growing inequalities and disparities. Economic growth per se is disproportional, and the efforts of scholars, practitioners and policymakers should be directed to empower the marginalized of society in a way that ‘no one should left behind’ (UN Slogan).

The Economics of Inequality

The Economics of Inequality PDF Author: Thomas Piketty
Publisher: Harvard University Press
ISBN: 0674504801
Category : Business & Economics
Languages : en
Pages : 153

Book Description
Succinct, accessible, and authoritative, Thomas Piketty’s The Economics of Inequality is the ideal place to start for those who want to understand the fundamental issues at the heart of one the most pressing concerns in contemporary economics and politics. This work now appears in English for the first time.

Meritocracy and Economic Inequality

Meritocracy and Economic Inequality PDF Author: Kenneth Arrow
Publisher: Princeton University Press
ISBN: 069119033X
Category : Business & Economics
Languages : en
Pages : 367

Book Description
Most Americans strongly favor equality of opportunity if not outcome, but many are weary of poverty's seeming immunity to public policy. This helps to explain the recent attention paid to cultural and genetic explanations of persistent poverty, including claims that economic inequality is a function of intellectual ability, as well as more subtle depictions of the United States as a meritocracy where barriers to achievement are personal--either voluntary or inherited--rather than systemic. This volume of original essays by luminaries in the economic, social, and biological sciences, however, confirms mounting evidence that the connection between intelligence and inequality is surprisingly weak and demonstrates that targeted educational and economic reforms can reduce the income gap and improve the country's aggregate productivity and economic well-being. It also offers a novel agenda of equal access to valuable associations. Amartya Sen, John Roemer, Robert M. Hauser, Glenn Loury, Orley Ashenfelter, and others sift and analyze the latest arguments and quantitative findings on equality in order to explain how merit is and should be defined, how economic rewards are distributed, and how patterns of economic success persist across generations. Moving well beyond exploration, they draw specific conclusions that are bold yet empirically grounded, finding that schooling improves occupational success in ways unrelated to cognitive ability, that IQ is not a strong independent predictor of economic success, and that people's associations--their neighborhoods, working groups, and other social ties--significantly explain many of the poverty traps we observe. The optimistic message of this beautifully edited book is that important violations of equality of opportunity do exist but can be attenuated by policies that will serve the general economy. Policy makers will read with interest concrete suggestions for crafting economically beneficial anti-discrimination measures, enhancing educational and associational opportunity, and centering economic reforms in community-based institutions. Here is an example of some of our most brilliant social thinkers using the most advanced techniques that their disciplines have to offer to tackle an issue of great social importance.

Human Rights and Economic Inequalities

Human Rights and Economic Inequalities PDF Author: Gillian MacNaughton
Publisher: Cambridge University Press
ISBN: 1316518698
Category : Business & Economics
Languages : en
Pages : 446

Book Description
This interdisciplinary volume examines the potential of human rights to challenge economic inequalities and their adverse impacts on human wellbeing.

The Oxford Handbook of Economic Inequality

The Oxford Handbook of Economic Inequality PDF Author: Wiemer Salverda
Publisher: Oxford University Press
ISBN: 0199231370
Category : Business & Economics
Languages : en
Pages : 759

Book Description
Comprehensive analysis of economic inequality in developed countries. The contributors give their view on the state-of-the-art scientific research in their fields and add their own visions of future research.

Combating Inequality

Combating Inequality PDF Author: Olivier Blanchard
Publisher: MIT Press
ISBN: 0262045613
Category : Political Science
Languages : en
Pages : 313

Book Description
Leading economists and policymakers consider what economic tools are most effective in reversing the rise in inequality. Economic inequality is the defining issue of our time. In the United States, the wealth share of the top 1% has risen from 25% in the late 1970s to around 40% today. The percentage of children earning more than their parents has fallen from 90% in the 1940s to around 50% today. In Combating Inequality, leading economists, many of them current or former policymakers, bring good news: we have the tools to reverse the rise in inequality. In their discussions, they consider which of these tools are the most effective at doing so.

The Velvet Rope Economy

The Velvet Rope Economy PDF Author: Nelson D. Schwartz
Publisher: Anchor
ISBN: 0385543093
Category : Social Science
Languages : en
Pages : 337

Book Description
From New York Times business reporter Nelson D. Schwartz comes a gripping investigation of how a virtual velvet rope divides Americans in every arena of life, creating a friction-free existence for those with money on one side and a Darwinian struggle for the middle class on the other side. In nearly every realm of daily life--from health care to education, highways to home security--there is an invisible velvet rope that divides how Americans live. On one side of the rope, for a price, red tape is cut, lines are jumped, appointments are secured, and doors are opened. On the other side, middle- and working-class Americans fight to find an empty seat on the plane, a place in line with their kids at the amusement park, a college acceptance, or a hospital bed. We are all aware of the gap between the rich and everyone else, but when we weren't looking, business innovators stepped in to exploit it, shifting services away from the masses and finding new ways to profit by serving the privileged. And as decision-makers and corporate leaders increasingly live on the friction-free side of the velvet rope, they are less inclined to change--or even notice--the obstacles everyone else must contend with. Schwartz's "must read" book takes us on a behind-the-scenes tour of this new reality and shows the toll the velvet rope divide takes on society.