ISBN:
9781786431448
Language:
English
Pages:
1 Online-Ressource (v, 224 Seiten)
,
Diagramme
Series Statement:
New directions in modern economics
Series Statement:
Elgaronline
Series Statement:
Edward Elgar books
Series Statement:
Edward Elgar E-Book Archive
Parallel Title:
Erscheint auch als McCain, Roger A., 19XX - Approaching equality
DDC:
339.2
Keywords:
Vermögensverteilung
;
Einkommensverteilung
;
Verteilungsgerechtigkeit
;
Wirtschaftliche Instabilität
;
Mittelschicht
;
Distributive justice
;
Wealth Moral and ethical aspects
;
Equality Economic aspects
;
Electronic books
;
Einkommensverteilung
;
Vermögensverteilung
;
Soziale Ungleichheit
Abstract:
Contents: 1. Introduction : plan and scope of the book -- 2. The future of capitalism -- 3. Why be concerned? inequality and instability -- 4. Sir Arthur Lewis' equalitarian vision -- 5. Piketty's narrative and the wealth tax -- 6. Can we "grow the middle class?" -- 7. Synthesis and extension -- 8. To each according to need -- 9. Civilizing the corporation -- 10. Planning from the bottom up -- Index.
Abstract:
By combining recent research (especially that of Piketty and his associates) with established ideas (particularly from Sir Arthur Lewis), Roger McCain proposes policies that, together, would aim to reverse the observed tendency towards the concentration of wealth in market economies, thus 'approach equality.' The shortcomings and dangers of rising wealth inequality are discussed, both from the point of view of increasing instability and of equalitarian values. Drawing on Marxist concepts of class, the book clarifies both the relation of wealth to income inequality and the causal link between wealth inequality and economic instability, exploring practical issues related to the proposed policies. The role of the 'middle class' and the causes of the failure of much of the population to save even for retirement are analyzed. The author goes on to examine the implications for programs of distribution according to need and the role of the corporation, and the possibility of a scheme of economic planning that would retain the known advantages of the market allocation of resources. With inequality still a rising issue for public policy, professionals and students studying policy economics will benefit from the analysis in this book and its tight focus on inequality of wealth, as will interested lay readers with a background in economics and an interest in inequality
DOI:
10.4337/9781786431448
URL:
Volltext
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