Crisis and Inequality

Crisis and Inequality

Author: Mattias Vermeiren

Publisher: John Wiley & Sons

Published: 2021-02-11

Total Pages: 326

ISBN-13: 1509537708

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Spiralling inequality since the 1970s and the global financial crisis of 2008 have been the two most important challenges to democratic capitalism since the Great Depression. To understand the political economy of contemporary Europe and America we must, therefore, put inequality and crisis at the heart of the picture. In this innovative new textbook Mattias Vermeiren does just this, demonstrating that both the global financial crisis and the European sovereign debt crisis resulted from a mutually reinforcing but ultimately unsustainable relationship between countries with debt-led and export-led growth models, models fundamentally shaped by soaring income and wealth inequality. He traces the emergence of these two growth models by giving a comprehensive overview, deeply informed by the comparative and international political economy literature, of recent developments in the four key domains that have shaped the dynamics of crisis and inequality: macroeconomic policy, social policy, corporate governance and financial policy. He goes on to assess the prospects for the emergence of a more egalitarian and sustainable form of democratic capitalism. This fresh and insightful overview of contemporary Western capitalism will be essential reading for all students and scholars of international and comparative political economy.


Henry George and the Crisis of Inequality

Henry George and the Crisis of Inequality

Author: Edward O'Donnell

Publisher: Columbia University Press

Published: 2015-06-09

Total Pages: 377

ISBN-13: 0231539266

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America's remarkable explosion of industrial output and national wealth at the end of the nineteenth century was matched by a troubling rise in poverty and worker unrest. As politicians and intellectuals fought over the causes of this crisis, Henry George (1839–1897) published a radical critique of laissez-faire capitalism and its threat to the nation's republican traditions. Progress and Poverty (1879), which became a surprise best-seller, offered a provocative solution for preserving these traditions while preventing the amassing of wealth in the hands of the few: a single tax on land values. George's writings and years of social activism almost won him the mayor's seat in New York City in 1886. Though he lost the election, his ideas proved instrumental to shaping a popular progressivism that remains essential to tackling inequality today. Edward T. O'Donnell's exploration of George's life and times merges labor, ethnic, intellectual, and political history to illuminate the early militant labor movement in New York during the Gilded Age. He locates in George's rise to prominence the beginning of a larger effort by American workers to regain control of the workplace and obtain economic security and opportunity. The Gilded Age was the first but by no means the last era in which Americans confronted the mixed outcomes of modern capitalism. George's accessible, forward-thinking ideas on democracy, equality, and freedom have tremendous value for contemporary debates over the future of unions, corporate power, Wall Street recklessness, government regulation, and political polarization.


The Inequality Crisis

The Inequality Crisis

Author: Roger Brown

Publisher: Policy Press

Published: 2017-09-06

Total Pages: 304

ISBN-13: 1447337581

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Economic inequality has at last taken center stage in political discourse, but little is said to explain or to offer solutions to it. Written by an award-winning academic and policy maker, The Inequality Crisis provides a comprehensive, evenhanded survey of all the available evidence. Fully up to date with the latest developments, from Brexit to Donald Trump's election, this accessible, jargon-free introduction is international in scope and packed with eye-opening facts. In his closing chapters, Roger Brown evaluates whether current UK government policies will actually help reduce inequality and offers practical suggestions relevant the world over, including raising taxes on higher earners, implementing tougher action against tax dodgers, helping people on lower incomes to save, and reducing inequalities in education.


How to Fight Inequality

How to Fight Inequality

Author: Ben Phillips

Publisher: John Wiley & Sons

Published: 2020-09-29

Total Pages: 85

ISBN-13: 1509543104

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Inequality is the crisis of our time. The growing gap between a few at the top and the rest of society damages us all. No longer able to deny the crisis, every government in the world is now pledged to fix it – and yet it keeps on getting worse. In this book, international anti-inequality campaigner Ben Phillips shows why winning the debate is not enough: we have to win the fight. Drawing on his insider experience, and his personal exchanges with the real-life heroes of successful movements, he shows how the battle against inequality has been won before, and he shares a practical plan for defeating inequality again. He sets a route map for us to overcome deference, build our collective power, and create a new story. Most books on inequality are about what other people ought to do about it – this book is about why winning the fight needs you. Tired of feeling helpless in the face of spiralling inequality? Want to know what you can do about it? This is the book for you.


Inequality, Leverage and Crises

Inequality, Leverage and Crises

Author: Mr.Michael Kumhof

Publisher: International Monetary Fund

Published: 2010-11-01

Total Pages: 39

ISBN-13: 1455210757

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The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of the rich, a large increase in leverage for the remainder, and an eventual financial and real crisis. The paper presents a theoretical model where these features arise endogenously as a result of a shift in bargaining powers over incomes. A financial crisis can reduce leverage if it is very large and not accompanied by a real contraction. But restoration of the lower income group's bargaining power is more effective.


Inequality and Instability

Inequality and Instability

Author: James K. Galbraith

Publisher: OUP USA

Published: 2012-03-30

Total Pages: 339

ISBN-13: 019985565X

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Demonstrates that finance is the driveshaft that links inequality to economic instability.


Inequality

Inequality

Author: Max Rashbrooke

Publisher: Bridget Williams Books

Published: 2013-06-27

Total Pages: 338

ISBN-13: 1927131510

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The divide between New Zealand’s poorest and wealthiest inhabitants has widened alarmingly over recent decades. Differences in income have grown faster than in most other developed countries. New Zealand society is being reshaped, stretching to accommodate new distance between those who ‘have’ and those who ‘have not’. Income inequality is a crisis that affects us all. A diverse gathering of New Zealand scholars, journalists, researchers, business leaders, workers, students and parents share these pages. Their voices speak to the complex shape of income inequality, and its effects on the communities of these Pacific islands.


The Crisis of the Middle-Class Constitution

The Crisis of the Middle-Class Constitution

Author: Ganesh Sitaraman

Publisher: Vintage

Published: 2017-03-14

Total Pages: 433

ISBN-13: 0451493923

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In this original, provocative contribution to the debate over economic inequality, Ganesh Sitaraman argues that a strong and sizable middle class is a prerequisite for America’s constitutional system. A New York Times Notable Book of 2017 For most of Western history, Sitaraman argues, constitutional thinkers assumed economic inequality was inevitable and inescapable—and they designed governments to prevent class divisions from spilling over into class warfare. The American Constitution is different. Compared to Europe and the ancient world, America was a society of almost unprecedented economic equality, and the founding generation saw this equality as essential for the preservation of America’s republic. Over the next two centuries, generations of Americans fought to sustain the economic preconditions for our constitutional system. But today, with economic and political inequality on the rise, Sitaraman says Americans face a choice: Will we accept rising economic inequality and risk oligarchy or will we rebuild the middle class and reclaim our republic? The Crisis of the Middle-Class Constitution is a tour de force of history, philosophy, law, and politics. It makes a compelling case that inequality is more than just a moral or economic problem; it threatens the very core of our constitutional system.


Information Inequality

Information Inequality

Author: Herbert Schiller

Publisher: Routledge

Published: 2013-05-13

Total Pages: 170

ISBN-13: 1135216312

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Herbert Schiller, long one of America's leading critics of the communications industry, here offers a salvo in the battle over information. In Information Inequality he explains how privatization and the corporate economy directly affect our most highly prized democratic institutions: schools and libraries, media, and political culture. A master media-watcher, Schiller presents a crisp and far-reaching indictment of the "data deprivation" corporate interests are inflicting on the social fabric.


Restoring Opportunity

Restoring Opportunity

Author: Greg J. Duncan

Publisher: Harvard Education Press

Published: 2014-01-01

Total Pages: 233

ISBN-13: 1612506364

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In this landmark volume, Greg J. Duncan and Richard J. Murnane lay out a meticulously researched case showing how—in a time of spiraling inequality—strategically targeted interventions and supports can help schools significantly improve the life chances of low-income children. The authors offer a brilliant synthesis of recent research on inequality and its effects on families, children, and schools. They describe the interplay of social and economic factors that has made it increasingly hard for schools to counteract the effects of inequality and that has created a widening wedge between low- and high-income students. Restoring Opportunity provides detailed portraits of proven initiatives that are transforming the lives of low-income children from prekindergarten through high school. All of these programs are research-tested and have demonstrated sustained effectiveness over time and at significant scale. Together, they offer a powerful vision of what good instruction in effective schools can look like. The authors conclude by outlining the elements of a new agenda for education reform. Restoring Opportunity is a crowning contribution from these two leading economists in the field of education and a passionate call to action on behalf of the young people on whom our nation’s future depends. Copublished with the Russell Sage Foundation