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Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the...
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One of the world's leading experts on wealth, poverty, and the gap that separates them, explains how wealth is unevenly spread throughout our world, now and through time. Economist Branko Milanovic uses history, literature and stories straight out of today's newspapers, to discuss one of the major divisions in our social lives: between the haves and the have-nots. He reveals just how rich Elizabeth Bennet's suitor Mr. Darcy really was; how much Anna...
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This volume analyzes two decisive factors that have become embedded in the world spread of capitalism, a shift toward dominance of the financial sector, now entailing massive greed and calling into question whether the 'rules' of capitalism have been broken, and of global wage differentials so deep that recognition of a labor aristocracy cannot be avoided. These chapters are supplemented by two additional showing that gold still regulates the dollar's...
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Much popular belief, and public policy, rests on the idea that those born into poverty have it in their powers to escape. But the persistence of poverty and ever-growing economic inequality around the world has led to many economists to seriously question the model of individual economic self-determination when it comes to the poor. In this book, the contributors argue that there are many conditions that may trap individuals, groups, and whole economies...
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"More than four billion people--some 60 percent of humanity--live in debilitating poverty, on less than $5 per day. The standard narrative tells us this crisis is a natural phenomenon, having to do with climate, geography, and culture. It tells us all we have to do is give aid to help poor countries up the development ladder. If poor countries would only adopt the right institutions and economic policies, they could join the ranks of the rich world....
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Income inequality is an increasingly pressing issue in the United States and around the world. This book explores five critical issues to introduce some of the key moral and empirical questions about income, gender, and racial inequality: Do we have a moral obligation to eliminate poverty? Is inequality a necessary evil that's the best way available to motivate economic action and increase total output? Can we retain a meaningful democracy even when...
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Forbes reports that the richest 1 percent of the world's population owns nearly half the world's wealth, and the gap between the richest and poorest of the world only continues to increase. Deep Inequality looks behind these stark statistics to understand not only wealth inequality but also rising disparities in other elements of life--from education to the media. The authors argue that inequality has become so pervasive that it is the new normal....
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Egalitarians claim, for instance, that markets are unfair and that we must have redistributive policies to produce "social justice." This reasoning supposedly justifies the two-thirds of federal spending that simply robs Peter to pay Paul. We are stealing from each other. Browning's research and trenchant analysis show that: -Almost all U.S. citizens are harmed by the welfare state--even many of its apparent beneficiaries.-Welfare-state policies have...
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Like past editions, this ninth edition of Social Inequality: Forms, Causes, and Consequences is a user-friendly introduction to the study of social inequality. This book conveys the pervasiveness and extensiveness of social inequality in the United States within a comparative context, to show how Inequality occurs, how it affects all of us, and what is being done about it. This edition benefits from a variety of changes that have significantly strengthened...
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"What explains the growing class divide between the well educated and everybody else? Noted author Brink Lindsey, a senior scholar at the Kauffman Foundation, argues that it's because economic expansion is creating an increasingly complex world in which only a minority with the right knowledge and skills--the right "human capital"--reap the majority of the economic rewards. The complexity of today's economy is not only making these lucky elites richer--it...
Description
This work examines the relationship between equity and growth in Mexico. It looks at how specific inequalities in power, wealth and status have created and sustained economic institutions and policies that both tend to perpetuate these inequalities and are sources of inefficiences in the economy.
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American families are far more diverse and complex today than they were 50 years ago. As ideas about marriage, divorce, and remarriage have changed, so too have our understandings about cohabitation, childbearing, parenting, and the transition to adulthood. Americans of all socioeconomic backgrounds have witnessed changes in the nature of family life, but as this book reveals, these changes play out in very different ways for the wealthy or well off...
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"Introduces students to the sociology of class structure and inequalities as it asks whether the American dream has faded. The fourth edition of this powerful book demonstrates how and why class inequalities in the United States have widened, hardened, and become more entrenched than ever.
The fourth edition has been extensively revised and reorganized throughout, including a new introduction that offers an overview of key themes and shorter chapters...
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"One of the world's leading economists of inequality, Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations. He also reveals who has been helped the most by globalization, who has been held back, and what policies might tilt the balance toward economic...
Description
"Does economic inequality in one generation lead to inequality of opportunity in the next? In From Parents to Children, an esteemed international group of scholars investigates this question using data from ten countries with differing levels of inequality. The book compares whether and how parents' resources transmit advantage to their children at different stages of development and sheds light on the structural differences among countries that may...
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In this passionate and powerful book-part manifesto, part plan of action-the renowned economist Jeffrey D. Sachs offers a practical strategy to move America, seemingly more divided than ever, toward a new consensus: sustainable development. Sustainable development is a holistic approach that emphasizes economic, social, and environmental objectives in shaping policy. In focusing too much on economic growth, the United States has neglected rising economic...
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In this clearly written text sociologist Barbara Chasin examines both the interpersonal violence with which the news media keeps us familiar, and the less visible, but more costly, structural violence which the media practically ignores. Dr. Chasin makes the point that interpersonal violence is inflicted on its victims by identifiable others, is focused on by the media, and that remedies are available; whereas structural violence primarily affects...
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This book demonstrates why widening inequality cannot be understood without examining the rise of big finance. The growth of the financial sector has dramatically transformed the American economy by redistributing resources from workers and families into the hands of owners, executives, and financial professionals. The average American is now divested from a world driven by the maximization of financial profit. The authors provide systematic evidence...
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"The globalization gap reveals how globalization is spreading poverty, disease, and the disintegration of traditional cultures. A few "winners" are using their wealth to buffer themselves against these radical transformations. But, in most places, the new wealth generated by globalization is not trickling down. The result? More misery - and political upheavals that will endanger us all." "Isaak presents a realistic blueprint for sharing opportunity...
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