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Not Paying the Rent - Imagining a Fairer Capitalism (Hardcover, 1st ed. 2021)
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Not Paying the Rent - Imagining a Fairer Capitalism (Hardcover, 1st ed. 2021)
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This is a conversational book with chapters directly followed by
responses from experts. The main authors propose that the failure
in development is not due to capitalism but rather rentism, which
is earnings based on political rather market returns. Rent prevents
development and ingrains social and economic inequalities. Using
the case study of Brazil's economic development, it is shown how
development fails because policies Brazil and other low to
middle-income countries promote do not overcome the main obstacle
to development - rent. The overcoming of rent would occur within a
model of globalisation whereby the advanced economics still prosper
concurrently as the poorest countries grow, all underpinned by
international organisations defending a rule-based globalisation.
Not Paying the Rent: Imagining a Fairer Capitalism presents a new
application of the theory of rent, both historically in the case of
Brazil, and in practical terms in tackling it through modern
international organisations. It will be relevant to students,
researchers, and general readers interested in inequality and
development economics.
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