Extreme Inequalities in Contemporary Capitalism: Should We Be Concerned About the Rich? by Maurizio Franzini

Extreme Inequalities in Contemporary Capitalism: Should We Be Concerned About the Rich?

byMaurizio Franzini, Elena Granaglia, Michele Raitano

Kobo ebook | May 28, 2016

Pricing and Purchase Info

$95.79 online 
$119.75 list price save 20%

Prices and offers may vary in store

Available for download

Not available in stores

about

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.

Title:Extreme Inequalities in Contemporary Capitalism: Should We Be Concerned About the Rich?Format:Kobo ebookPublished:May 28, 2016Publisher:Springer International PublishingLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3319288113

ISBN - 13:9783319288116

Reviews