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The Distribution of Wealth - Growing Inequality?
Synopsis
This book answers a number of important questions about the distribution of wealth among people and the way that this distribution has changed over time. It provides a comprehensive analysis of the personal distribution of wealth from many dimensions: economic, statistical, ethical, political, sociological and legal.
Using data from 21 countries, this book demonstrates how inequality in the distribution of wealth varies between different parts of the world and how it evolves, with particular emphasis on the claim that there has been a long-term and continued increase in inequality since the 1970s in most countries. It discusses alternative ways of measuring the degree of inequality, analyses Thomas Piketty's claim that society has become more unequal in recent decades, and assesses the relative importance of the various determinants of the distribution of wealth. The authors explain why the distribution of wealth is unequal, and discuss how it could be changed with alternative policies and the possible consequences of these policies for economic efficiency. The authors also compare the different distributions of wealth that are implied by alternative views of society.
This is a valuable resource for students and academics in economics, political science and sociology seeking a state-of-the-art account of the theory and evidence surrounding inequality in the distribution of wealth.
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What Reviewers Are Saying
'Michael Schneider, doyen of wealth inequality, has teamed up with two talented coauthors to produce an authoritative work on this critical issue. Their book covers everything from 18th century Danish inequality to the ethics of wealth inequality. The Distribution of Wealth - Growing Inequality? is packed with data, insightful analysis and policy suggestions. The work is generous to other scholars, internationally focused and theoretically rich. If you care about the distribution of wealth - and all of us should - then this terrific book should be among your assets.' --Andrew Leigh, Economist and Australian Parliamentarian