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Social Inequality - Values, Growth, and the State (Hardcover)
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Social Inequality - Values, Growth, and the State (Hardcover)
Series: Development & Inequality in the Market Economy
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Inequality of income, wealth, and opportunities is an ancient
concern of economists, philosophers, political leaders, and the
community at large. Is inequality the unavoidable dark side of
capitalism? Is it the price to be paid for fostering wealth
creation and material progress? Can economic growth and social
equity coexist? Is inequality an ethical or moral problem? An
economic problem? A political one?
Leading international scholars endeavor here to answer these key
questions. The volume treats the problem of income distribution
from three angles. First, it reviews the recent literature on
distributive justice both from the viewpoint of philosophers
(Rawls, Dworkin, Nozick, Cohen) and economists (Sen, Roemer, and
others), in order to clarify issues, approaches, and conclusions
derived from work done in the interface between philosophy and
economics. Second, it analyzes the issue of inequality from the
viewpoint of its impact on (and interactions with) economic
performance, particularly on the rate of economic growth, the level
of savings and investment, and the degree of macro and social
stability. And third, it examines the effect of redistributive
policies--aimed to reduce inequality--in the size of the state and
the accountability of government.
The essays in the book provide a thorough analysis of existing
conceptual frameworks, highlighting new areas for future analysis
and identifying open questions on the subject with empirical
analysis of actual country experiences. It will be invaluable to
economists, students, and others concerned with issues of
equality.
Andres Solimano is Director of the Country Management Unit for
Colombia, Ecuador, and Venezuela at the WorldBank.
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