New Economics of Inequality and Redistribution

New Economics of Inequality and Redistribution

EnglishHardbackPrint on demand
Bowles Samuel
Cambridge University Press
EAN: 9781107014039
Print on demand
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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, he offers an alternative direction, a novel and optimistic account of a more just and better working economy.
EAN 9781107014039
ISBN 1107014034
Binding Hardback
Publisher Cambridge University Press
Publication date July 12, 2012
Pages 208
Language English
Dimensions 216 x 140 x 15
Country United Kingdom
Authors Bowles Samuel
Illustrations 1 Tables, black and white; 34 Line drawings, unspecified
Series Federico Caffè Lectures