Rent-Seekers, Profits, Wages and Inequality

Rent-Seekers, Profits, Wages and Inequality PDF Author: Péter Mihályi
Publisher: Springer
ISBN: 3030038467
Category : Social Science
Languages : en
Pages : 155

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Book Description
Mihályi and Szelényi provide a timely contribution to contemporary debates about inequality of incomes and wealth, offering a careful examination of various sources of rent in contemporary societies, and considering several policy options to reduce inequality in order to preserve the meritocratic nature of liberal democracies. While Rent-Seekers, Profits, Wages and Inequality acknowledges the rapid and disturbing increase of incomes and wealth in the top 1 or 0.1%, it focuses on the increasing rent component of incomes and wealth in the top 20% as even more consequential. The attention to cutting-edge issues on inequality in macroeconomics, political science and sociology will appeal to social scientists interested in income distribution and wealth accumulation.

Rent-Seekers, Profits, Wages and Inequality

Rent-Seekers, Profits, Wages and Inequality PDF Author: Péter Mihályi
Publisher: Springer
ISBN: 3030038467
Category : Social Science
Languages : en
Pages : 155

Get Book Here

Book Description
Mihályi and Szelényi provide a timely contribution to contemporary debates about inequality of incomes and wealth, offering a careful examination of various sources of rent in contemporary societies, and considering several policy options to reduce inequality in order to preserve the meritocratic nature of liberal democracies. While Rent-Seekers, Profits, Wages and Inequality acknowledges the rapid and disturbing increase of incomes and wealth in the top 1 or 0.1%, it focuses on the increasing rent component of incomes and wealth in the top 20% as even more consequential. The attention to cutting-edge issues on inequality in macroeconomics, political science and sociology will appeal to social scientists interested in income distribution and wealth accumulation.

The Captured Economy

The Captured Economy PDF Author: Brink Lindsey
Publisher: Oxford University Press
ISBN: 0190627786
Category : Political Science
Languages : en
Pages : 233

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Book Description
For years, America has been plagued by slow economic growth and increasing inequality. In The Captured Economy, Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit. They document the proliferation of regressive regulations that redistribute wealth and income up the economic scale while stifling entrepreneurship and innovation. They also detail the most important cases of regulatory barriers that have worked to shield the powerful from the rigors of competition, thereby inflating their incomes: subsidies for the financial sector's excessive risk taking, overprotection of copyrights and patents, favoritism toward incumbent businesses through occupational licensing schemes, and the NIMBY-led escalation of land use controls that drive up rents for everyone else. An original and counterintuitive interpretation of the forces driving inequality and stagnation, The Captured Economy will be necessary reading for anyone concerned about America's mounting economic problems and how to improve the social tensions they are sparking.

The Political Economy of Rent-Seeking

The Political Economy of Rent-Seeking PDF Author: Charles Rowley
Publisher: Springer Science & Business Media
ISBN: 9780898382419
Category : Business & Economics
Languages : en
Pages : 520

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Book Description
It is now twenty years since the concept of rent-seeking was first devised by Gordon Tullock, though he was not responsible for coining the phrase itself. His initial insight has burgeoned over two decades into a major research program which has had an impact not only on public choice, but also on the related disciplines of economics, political science, and law and economics. The reach of the insight has proved to be universal, with relevance not just for the democracies, but also, and arguably more important, for all forms of autocracy, irrespective of ideological com plexion. It is not surprising, therefore, that this volume is the third edited publication dedicated specifically to scholarship into rent-seeking behavior. The theory of rent-seeking bridges normative and positive analyses of state action. In its normative dimension, rent-seeking scholarship has expanded, enlivened, in some respects turned on its head, the traditional welfare analyses of such features of modern economics as monopoly, externalities, public goods, and trade protection devices. In its positive dimension, rent-seeking contributions have provided an important analy tical perspective from which to understand and to predict the behavior of politicians, interest groups and bureaucrats, the media and the academy within the political market place. This bridge between normative and positive elements of analysis is invaluable in facilitating an understanding of and evaluating the costs of state activity within a consistent paradigm.

Capital in the Twenty-First Century

Capital in the Twenty-First Century PDF Author: Thomas Piketty
Publisher: Harvard University Press
ISBN: 0674979850
Category : Business & Economics
Languages : en
Pages : 817

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Book Description
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.

The poor pay more

The poor pay more PDF Author: David Caplovitz
Publisher:
ISBN:
Category : Consumers
Languages : en
Pages : 0

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Book Description


The Anatomy of Post-Communist Regimes

The Anatomy of Post-Communist Regimes PDF Author: Bálint Magyar
Publisher: Central European University Press
ISBN: 9633863708
Category : Political Science
Languages : en
Pages : 834

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Book Description
Offering a single, coherent framework of the political, economic, and social phenomena that characterize post-communist regimes, this is the most comprehensive work on the subject to date. Focusing on Central Europe, the post-Soviet countries and China, the study provides a systematic mapping of possible post-communist trajectories. At exploring the structural foundations of post-communist regime development, the work discusses the types of state, with an emphasis on informality and patronalism; the variety of actors in the political, economic, and communal spheres; the ways autocrats neutralize media, elections, etc. The analysis embraces the color revolutions of civil resistance (as in Georgia and in Ukraine) and the defensive mechanisms of democracy and autocracy; the evolution of corruption and the workings of “relational economy”; an analysis of China as “market-exploiting dictatorship”; the sociology of “clientage society”; and the instrumental use of ideology, with an emphasis on populism. Beyond a cataloguing of phenomena—actors, institutions, and dynamics of post-communist democracies, autocracies, and dictatorships—Magyar and Madlovics also conceptualize everything as building blocks to a larger, coherent structure: a new language for post-communist regimes. While being the most definitive book on the topic, the book is nevertheless written in an accessible style suitable for both beginners who wish to understand the logic of post-communism and scholars who are interested in original contributions to comparative regime theory. The book is equipped with QR codes that link to www.postcommunistregimes.com, which contains interactive, 3D supplementary material for teaching.

Social Stratification in Central Europe

Social Stratification in Central Europe PDF Author: Jiří Večerník
Publisher: Springer Nature
ISBN: 3031094581
Category : Social Science
Languages : en
Pages : 158

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Book Description
This book provides a comparative and contemporary account of social stratification in the Central European states of Czechia, Poland, Hungary, and Slovakia (the Visegrad Four – V4 group), and also by contrast with Austria. It looks at the shared history of these countries as part of the erstwhile Austro-Hungarian Empire. While the V4 states experienced, for decades, the regressive authoritarian Soviet rule, Austria escaped this fate. The question is how some common historical roots, impact of the communist regime, and transition paths have shaped the specific social structures of V4 countries which differ despite belonging to a relatively homogeneous region. The book examines the changes and developments through analyses of large comparative surveys and other data collected after 1990, most notably using the European Union’s survey “Statistics on Income and Living Conditions” (EU-SILC) that has been fielded since 2005. The book starts with an outline of the long-term developments in key social structure dimensions which occurred during the post-communist transition. The analytical chapters then discuss topics previously not much examined in social stratification perspective: subjective well-being, couples’ status, cultural activities and differences among retirees. This book is intended for social scientists working on stratification research, and, specifically, V4 societies and politics.

Intellectuals, Inequalities and Transitions

Intellectuals, Inequalities and Transitions PDF Author:
Publisher: BRILL
ISBN: 9004400281
Category : Social Science
Languages : en
Pages : 271

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Book Description
This volume is devoted to the central themes in Iván Szelényi’s sociological oeuvre comprising of empirical explorations and their theoretical refinement in the last 50 years. The contributors have been asked to take interpretive and critical stances on his work, and to clarify the relevance of his insights. Iván Szelényi has been asked to write a concluding chapter, and respond to the present reflections on his work. The ensuing volume discusses Szelényi’s captivating scholarship as being grounded in a complex program for the political economy of socialisms and post-socialist capitalisms, and introduces him as a neoclassical sociologist whose research projects continue to investigate inequalities created by the interaction of markets and redistributive structures in various societies. Contributors include: Dorothee Bohle, Tamás Demeter, Gil Eyal, Béla Greskovits, Michael D. Kennedy, Tamás Kolosi, Karmo Kroos, Victor Nee, David Ost, Iván Szelényi, and Bruce Western.

Inequality and Growth

Inequality and Growth PDF Author: Theo S. Eicher
Publisher: MIT Press
ISBN: 0262050692
Category : Economic development
Languages : en
Pages : 343

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Book Description
Essays exploring the relationship between economic growth and inequality and the implications for policy makers.

Economy, Society and Public Policy

Economy, Society and Public Policy PDF Author: The Core Team
Publisher: Oxford University Press, USA
ISBN: 9780198849841
Category : Economic policy
Languages : en
Pages : 0

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Book Description
Economy, Society, and Public Policy is a new way to learn economics. It is designed specifically for students studying social sciences, public policy, business studies, engineering and other disciplines who want to understand how the economy works and how it can be made to work better. Topical policy problems are used to motivate learning of key concepts and methods of economics. It engages, challenges and empowers students, and will provide them with the tools to articulate reasoned views on pressing policy problems. This project is the result of a worldwide collaboration between researchers, educators, and students who are committed to bringing the socially relevant insights of economics to a broader audience.KEY FEATURESESPP does not teach microeconomics as a body of knowledge separate from macroeconomicsStudents begin their study of economics by understanding that the economy is situated within society and the biosphereStudents study problems of identifying causation, not just correlation, through the use of natural experiments, lab experiments, and other quantitative methodsSocial interactions, modelled using simple game theory, and incomplete information, modelled using a series of principal-agent problems, are introduced from the beginning. As a result, phenomena studied by the other social sciences such as social norms and the exercise of power play a roleThe insights of diverse schools of thought, from Marx and the classical economists to Hayek and Schumpeter, play an integral part in the bookThe way economists think about public policy is central to ESPP. This is introduced in Units 2 and 3, rather than later in the course.