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Books > Business & Economics > Economics > Macroeconomics
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Approaching Equality - What Can Be Done About Wealth Inequality? (Hardcover)
Loot Price: R3,082
Discovery Miles 30 820
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Approaching Equality - What Can Be Done About Wealth Inequality? (Hardcover)
Series: New Directions in Modern Economics series
Expected to ship within 12 - 19 working days
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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.
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