Extreme Inequalities in Contemporary Capitalism

Should We Be Concerned About the Rich?

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy, Social Science, Sociology, Business & Finance
Cover of the book Extreme Inequalities in Contemporary Capitalism by Maurizio Franzini, Elena Granaglia, Michele Raitano, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Maurizio Franzini, Elena Granaglia, Michele Raitano ISBN: 9783319288116
Publisher: Springer International Publishing Publication: May 28, 2016
Imprint: Springer Language: English
Author: Maurizio Franzini, Elena Granaglia, Michele Raitano
ISBN: 9783319288116
Publisher: Springer International Publishing
Publication: May 28, 2016
Imprint: Springer
Language: English

This book explores the mechanisms by which top incomes are achieved through work in today’s advanced economies and asks to what extent current extreme inequalities are compatible with widely held values of social justice. Reflecting on the heterogeneity of the working rich, the authors argue that very high earnings often result not from heightened competition induced by globalization but rather from a lack of competition, or at best deficient competition. It is proposed that such incomes cannot be justified in terms of efficiency or merit and do not generate positive trickle-down effects with benefits for all of society; rather, extreme inequalities in earnings risk jeopardizing equality of opportunity. The book concludes by offering a wide array of innovative policy prescriptions that are not punitive in intent and are not merely directed toward income redistribution. Readers will find the book to be a fascinating source of insights into the subject of the working rich, which remains largely unexplored within both economics and ethics.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book explores the mechanisms by which top incomes are achieved through work in today’s advanced economies and asks to what extent current extreme inequalities are compatible with widely held values of social justice. Reflecting on the heterogeneity of the working rich, the authors argue that very high earnings often result not from heightened competition induced by globalization but rather from a lack of competition, or at best deficient competition. It is proposed that such incomes cannot be justified in terms of efficiency or merit and do not generate positive trickle-down effects with benefits for all of society; rather, extreme inequalities in earnings risk jeopardizing equality of opportunity. The book concludes by offering a wide array of innovative policy prescriptions that are not punitive in intent and are not merely directed toward income redistribution. Readers will find the book to be a fascinating source of insights into the subject of the working rich, which remains largely unexplored within both economics and ethics.

More books from Springer International Publishing

Cover of the book Handbook of Evidence-Based Practices in Intellectual and Developmental Disabilities by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Hope for a Good Life by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Innovation Through Cooperation by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Mathematical Aspects of Quantum Field Theories by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Clinical Approaches to Hospital Medicine by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Max Schmeling and the Making of a National Hero in Twentieth-Century Germany by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Sustainable Water Management in Urban Environments by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Soft Tissue Pathology for Clinicians by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book The Incomputable by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Languages for Specific Purposes in the Digital Era by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Advanced Thyroid and Parathyroid Ultrasound by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Learning Analytics in R with SNA, LSA, and MPIA by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Web Information Systems and Technologies by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Parametric and Nonparametric Inference for Statistical Dynamic Shape Analysis with Applications by Maurizio Franzini, Elena Granaglia, Michele Raitano
Cover of the book Media Reforms and Democratization in Emerging Democracies of Sub-Saharan Africa by Maurizio Franzini, Elena Granaglia, Michele Raitano
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy