The Political Economy of Inequality

The Political Economy of Inequality
Author: Frank Stilwell
Publisher: John Wiley & Sons
Total Pages: 265
Release: 2019-05-10
Genre: Political Science
ISBN: 1509528687

During the last few decades, the gap between the incomes, wealth and living standards of rich and poor people has increased in most countries. Economic inequality has become a defining issue of our age. In this book, leading political economist Frank Stilwell provides a comprehensive overview of the nature, causes, and consequences of this growing divide. He shows how we can understand inequalities of wealth and incomes, globally and nationally, examines the scale of the problem and explains how it affects our wellbeing. He also shows that, although governments are often committed to ‘growth at all costs’ and ‘trickle down’ economics, there are alternative public policies that could be used to narrow the gap between rich and poor. Stilwell’s engaging and clear guide to the issues will be indispensable reading for all students, general readers and scholars interested in inequality in political economy, economics, public policy and beyond.

Political Economy of Hunger

Political Economy of Hunger
Author: Jean Drèze
Publisher: Clarendon Press
Total Pages: 516
Release: 1991-02-21
Genre: Political Science
ISBN: 0191544469

This is an open access title available under the terms of a CC BY-NC-ND 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. WIDER Studies in Development Economics The World Institute for Development Economics Research, established in 1984, started work in Helsinki in 1985, with the financial support of the Government of Finland. The principal purpose of the Institute is to help identify and meet the need for policy-oriented socio-economic research on pressing global and development problems and their inter-relationships. WIDER's research projects are grouped into three main themes: hunger and poverty; money, finance, and trade; and development and technological transformation. BL Sen is an internationally renowned, prizewinning economist This volume is the first of three addressing a wide range of policy issues relating to the role of public action in combating hunger and deprivation in the modern world. It deals with the background nutritional, economic, social, and political aspects of the problem of world hunger. Topics covered include the characteristics and causal antecedents of famines and endemic deprivation, the interconnections between economic and political factors, the role of social relations and the family, the special problems of women's deprivation, the connection between food consumption and other indicators of living standards, and the medical aspects of undernourishment and its consequences. Several contributions also address the political background of public policy, in particular the connection between the government and the public, including the role of newspapers and the media, and the part played by political commitment and by adversarial politics and pressures. Taken together, these essays provide a comprehensive and authoritative analysis of the problem of hunger and deprivation, and an important guide for action.

Foundations of Real-World Economics

Foundations of Real-World Economics
Author: John Komlos
Publisher: Routledge
Total Pages: 292
Release: 2019-01-11
Genre: Business & Economics
ISBN: 1351584715

The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP.

Democratic Practice

Democratic Practice
Author: Robert M. Fishman
Publisher: Oxford University Press
Total Pages: 320
Release: 2019-03-04
Genre: Philosophy
ISBN: 0190912898

At a time of growing concern over the fate of contemporary democracy this book shows how vast differences between countries in forms of political conduct, and taken for granted assumptions, determine what democracies actually accomplish. In Democratic Practice, Robert M. Fishman elucidates why some democracies include the economically underprivileged, and cultural others within the circles of political relevance that set policies and the political agenda, whereas others exclude them. On the basis of in-depth research on Portugal and Spain, Fishman develops a theoretically innovative explanation for the breadth of democratic inclusion and draws out large implications for democracies everywhere. Democratic Practice examines the record of two countries that began the worldwide turn to democracy in the 1970s, showing how and why basic assumptions about what democracy is, and how political actors should treat one another, diverged. The book offers detailed empirical evidence on how an inclusive approach to democratic politics provides major benefits not only for the poor and excluded but also for others, drawing large lessons for contemporary democracies.

Pluralistic Economics and Its History

Pluralistic Economics and Its History
Author: Ajit Sinha
Publisher: Taylor & Francis
Total Pages: 324
Release: 2019-05-24
Genre: Business & Economics
ISBN: 1000008673

This volume is a history of economics – as it was interpreted, discussed and established as a discipline – in the 20th century. It highlights the pluralism of the discipline and brings together leading voices in the field who reflect on their lifelong work. The chapters draw on a host of traditions of economic thought, including pre-classical, classical, Marxian, neoclassical, Sraffian, post-Keynesian, Cantabrigian and institutionalist traditions in economics. Further, the volume also looks at the history of economics in India and its evolution as a discipline since the country’s independence. This book will appeal to students, researchers and teachers of economics and intellectual history, as well as to the interested general reader.

A Revolution in Economic Theory

A Revolution in Economic Theory
Author: Ajit Sinha
Publisher: Springer
Total Pages: 255
Release: 2016-08-18
Genre: Business & Economics
ISBN: 3319306162

This book draws on the work of one of the sharpest minds of the 20th century, Piero Sraffa. Ludwig Wittgenstein credited him for 'the most consequential ideas' of the Philosophical Investigations (1953) and put him high on his short list of geniuses. Sraffa's revolutionary contribution to economics was, however, lost to the world because economists did not pay attention to the philosophical underpinnings of his economics. Based on exhaustive archival research, Sinha presents an exciting new thesis that shows how Sraffa challenged the usual mode of theorizing in terms of essential and mechanical causation and, instead, argued for a descriptive or geometrical theory based on simultaneous relations. A consequence of this approach was a complete removal of 'agent's subjectivity' and 'marginal method' or counterfactual reasoning from economic analysis – the two fundamental pillars of orthodox economic theory.