Inequality in financial capitalism
From the 1980s to the present day, this book considers the theoretical aspects of inequality (its foundations, definitions, approaches and origins) and examines empirical evidence of income inequality in a wide range of advanced economies. The key arguments in this volume are that income inequality increased during this period because labour and welfare became seen as costs to be compressed in "financial capitalism" rather than as a fundamental part of aggregate demand to be expanded. However, …
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- Full title :Inequality in financial capitalism / Pasquale Tridico.
Summary
From the 1980s to the present day, this book considers the theoretical aspects of inequality (its foundations, definitions, approaches and origins) and examines empirical evidence of income inequality in a wide range of advanced economies. The key arguments in this volume are that income inequality increased during this period because labour and welfare became seen as costs to be compressed in "financial capitalism" rather than as a fundamental part of aggregate demand to be expanded. However, the welfare state is not a drain on economic performance and competitiveness, nor is it a barrier to economic efficiency. Instead, it is demonstrated that in countries that adopt "welfare capitalism", welfare state expenditure not only contributes to a reduction in inequality but also fosters economic growth.
Read More ↓Edition Statements
- Publication Date:2017
Publication Statements
- Publisher(s):Routledge
- Place of Publication:London ; New York
- Language:eng
- Publication Date:2017
Notes
Includes index.
The Physical Object
- Description:xvi, 235 Seiten : : Diagramme
Edition Identifiers
- ISBN:9781138944121, 1138944122
- oclc:ocn992500835
- LC Classification:HB523
- Dewey Decimal:339.2
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