New economics of inequality and redistribution

By:

Bowles, Samuel

Material type: Text

TextSeries: Federico Caffè lecturesPublication details: New York Cambridge University Press 2012Description: xvii,188pISBN:

9781107014039

Subject(s):

DDC classification:

339.2 22 BO-N

LOC classification:

HB523 .B685 2012

Other classification:

BUS044000

Contents:

Machine generated contents note: List of figures; List of tables; Preface; 1. The new economics of inequality and redistribution; 2. The economic cost of wealth inequality; 3. Feasible egalitarianism in a competitive world; 4. Cosmopolitans, parochials and the politics of social insurance; 5. Altruism, reciprocity, and the politics of egalitarian redistribution; 6. Conclusion; Appendices; Works cited; Index.

Summary: "Economists warn that policies to level the economic playing field come with a hefty price tag. But this so-called 'equality-efficiency trade-off' - has proven difficult to document. The data suggest, instead, that the extraordinary levels of economic inequality now experienced in many economies are detrimental to the economy. Moreover, recent economic experiments and other evidence confirm that most citizens are committed to fairness and are willing to sacrifice to help those less fortunate than themselves. Incorporating the latest results from behavioral economics and the new microeconomics of credit and labor markets, Bowles shows that escalating economic disparity is not the unavoidable price of progress. Rather it is policy choice - often a very costly one. Here drawing on his experience both as a policy advisor and an academic economist, Samuel Bowles offers an alternative direction, a novel and optimistic account of a more just and better working economy"--

Item type:

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Holdings
Item type	Home library	Collection	Call number	Status	Date due	Barcode
Print	OPJGU Sonepat- Campus Main Library	General Books	339.2 BO-N (Browse shelf(Opens below))	Available		123590

Includes bibliographical references (pages 171-183) and index.

"Economists warn that policies to level the economic playing field come with a hefty price tag. But this so-called 'equality-efficiency trade-off' - has proven difficult to document. The data suggest, instead, that the extraordinary levels of economic inequality now experienced in many economies are detrimental to the economy. Moreover, recent economic experiments and other evidence confirm that most citizens are committed to fairness and are willing to sacrifice to help those less fortunate than themselves. Incorporating the latest results from behavioral economics and the new microeconomics of credit and labor markets, Bowles shows that escalating economic disparity is not the unavoidable price of progress. Rather it is policy choice - often a very costly one. Here drawing on his experience both as a policy advisor and an academic economist, Samuel Bowles offers an alternative direction, a novel and optimistic account of a more just and better working economy"--

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