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Income Distribution was written primarily as a textbook intended for undergraduate economics majors. The material, however, is treated with sufficient rigor to meet the needs of first year graduate students also. The book may also serve the needs of sociologists and political scientists who are primarily interested in the related social justice topics of income inequality and poverty. Each chapter is logically connected with the preceding chapters,...
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To the question "Are the rich getting richer?" Hacker notes that in 1979, 13,505 individuals or families earned the equivalent of $1 million per year. Only fifteen years later, that number had jumped to an incredible 68,064. The last few decades have indeed witnessed the rise of the "$1 Million a Year" American. The rich are getting richer, and more people are joining their ranks, but the lower income echelon is not dwindling. One in five children...
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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...
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Using the methods of reasoned history and comparative statistics, this work arrives at an assessment of egalitarianism. It traces the rise of egalitarianism from the Renaissance and Reformation onwards. A complementary approach is provided by a wide survey of actual distributions of income and wealth.
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"In his new book, Gar Alperovitz argues that the first decade of the twenty-first century - challenged by growing economic inequality, the devaluing of civil liberties, and a government unresponsive to the people - is already producing conditions that will force the United States to undergo historic changes." "There have been five major political realignments in American history, from before the Progressive Era to beyond the New Deal. All have occurred...
Description
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...
10) How to Get Rich
Description
Billie JD Porter explores how China's recent boom is changing people's lives fast. In bustling Guangzhou, she meets struggling migrant workers from the countryside and some super-rich supercar owners. On China's only tropical island, she sees how tourism is booming and creating new types of jobs-she samples beach life Chinese style, visits the world's largest duty free mall and second largest golf resort. As she celebrates a traditional Chinese New...
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Eberstadt argues that the official poverty rate is incapable of accurately representing long-term trends for material want in modern America, and that standards of living for the official poverty population are far higher today than they were in 1964 or 1965, at the start of the War on Poverty.
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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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In this concise and elegant work, first published in 1952, Bertrand de Jouvenel purposely ignores the economic evidence that redistributional efforts sap incentives and are economically destructive. Rather, he stresses the commonly disregarded ethical arguments showing that redistribution is ethically indefensible for, and practically unworkable in, a complex society. A new introduction relates Jouvenel's arguments to current discussions about the...
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"The most widely cited social welfare statistics in the United States are based on tabulations of family income. The picture that emerges is cause for concern; real median family income has hardly risen since the early 1970s, while inequality has increased and poverty has remained high. Yet consumption-based statistics as employed in this work yield rigorous and quite different estimates of individual and social welfare. Closely linked to economic...
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"This book is about wealth mobility. It is about how some people get rich while others stay poor, and it is about the paths people take during their lives that determine how well-off they will be. The advantages of owning wealth and the elusive nature of true wealth have long made questions about who is rich and why broadly appealing. In recent years, dramatic economic changes, accompanied by rising wealth inequality, have created renewed interest...
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"We are used to thinking about inequality within countries - about rich Americans versus poor Americans, for instance. But what about inequality between all citizens of the world? Worlds Apart addresses just how to measure global inequality among individuals, and shows that inequality is shaped by complex forces often working in different directions. Branko Milanovic, a top World Bank economist, analyzes income distribution worldwide using, for the...
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