The new economics of inequality and redistribution /
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| Author / Creator: | Bowles, Samuel, author. |
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| Imprint: | Cambridge : Cambridge University Press, 2012. |
| Description: | 1 online resource (xvii, 188 pages) : illustrations |
| Language: | English |
| Series: | Federico Caffè lectures Federico Caffè lectures. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/11864292 |
| Summary: | Economists warn that policies to level the economic playing field come with a hefty price tag. But this so-called 'equality-efficiency trade-off' has proven difficult to document. The data suggest, instead, that the extraordinary levels of economic inequality now experienced in many economies are detrimental to the economy. Moreover, recent economic experiments and other evidence confirm that most citizens are committed to fairness and are willing to sacrifice to help those less fortunate than themselves. Incorporating the latest results from behavioral economics and the new microeconomics of credit and labor markets, Bowles shows that escalating economic disparity is not the unavoidable price of progress. Rather it is policy choice - often a very costly one. Here drawing on his experience both as a policy advisor and an academic economist, he offers an alternative direction, a novel and optimistic account of a more just and better working economy. |
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| Physical Description: | 1 online resource (xvii, 188 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781139530682 1139530682 9781139526012 1139526014 9781139012980 1139012983 9781107014039 9781107601604 1107601606 9781139528405 1139528408 1283528452 9781283528450 1107014034 1107235006 9781107235007 1139527215 9781139527217 9786613840905 6613840904 1139531875 9781139531870 |