The Great Polarization: How Ideas, Power, and Policies Drive Inequality (Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization) - Hardcover

Hardcover

ISBN 10: 0231199260 ISBN 13: 9780231199261

Verlag: Columbia University Press, 2022

Inhaltsangabe

Inequality of income and wealth has skyrocketed since the 1970s. As the super-rich have grasped the vast majority of the gains from economic growth, labor’s share of income has declined. The middle class has stagnated, and those at the bottom have become even worse off. Persistent structural discrimination on the basis of race and gender exacerbates these economic disparities.

The Great Polarization brings together scholars from disparate fields to examine the causes and consequences of this dramatic rise in inequality. Contributors demonstrate that institutions, norms, policy, and political power—not the “natural” operation of the market—determine the distribution of wealth and income. The book underscores the role of ideas and ideologies, showing how neoclassical economics and related beliefs have functioned in public debates to justify inequality. Together, these essays bear out an inescapable conclusion: inequality is a choice. The rules of the economy have been rewritten to favor those at the top, entrenching the imbalances of power that widen the gap between the very rich and everyone else.

Contributors reconsider the data on inequality, examine the policies that have led to this predicament, and outline potential ways forward. Using both theoretical and empirical analysis and drawing on the knowledge of experts in policy, political economy, economics, and other disciplines, The Great Polarization offers a kaleidoscopic view of the processes that have shaped today’s stark hierarchies.

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Über die Autorin bzw. den Autor

Rudiger L. von Arnim is associate professor of economics at the University of Utah. He is also senior research associate at the Austrian Foundation for Development Research.

Joseph E. Stiglitz is University Professor at Columbia University and a recipient of the Nobel Memorial Prize in Economic Sciences. He is copresident of the Initiative for Policy Dialogue at Columbia University, chief economist of the Roosevelt Institute, and cochair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD.

Details zur Ausgabe

• Verlag: Columbia University Press
• Erscheinungsdatum: 2022
• Sprache: Englisch
• ISBN 10: 0231199260
• ISBN 13: 9780231199261
• Einband: Gebundene Ausgabe
• Anzahl der Seiten: 390
• Herausgeber: Von Arnim Rudiger L., Stiglitz Joseph E.
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar