Dewey Edition23
Reviews[ Atkinson ] does not mind speaking uncomfortable truths. Among them: that the comfort and opportunity provided by wealth matter just as much as the consumption that wealth affords; that holding down a job may not be enough to provide most workers with a standard of living that keeps up with economic growth; and that economic power helps protect itself in subtle and pervasive ways which might well demand an interventionist government response. Sir Anthony's answer might not be the right one. But if his book reminds the reader how far out of fashion the policies of the post-war decades have fallen, it also conveys how skewed the economy of today might look to an observer from the not so distant past--or, perhaps, from the not so distant future., Atkinson , a long-time expert on [economic inequality], seeks to lay bare the underlying issues in a manner accessible to non-economists. After covering the landscape of inequality measurement and theories of economic inequality, of both outcomes and opportunity, the author outlines a set of 15 fairly radical proposals to curb runaway inequality (assuming inequality needs curbing). These proposals include a minimum inheritance for all, a global tax on wealth, and a governmental role in influencing the direction of technological progress away from the kind that exacerbates inequality. They are bold and fresh proposals, but they have little chance of ever being adopted--at least not in today's U.S. But that is beside the point. Inequality has long been believed to be an inevitable outcome of capitalism; the author rightly begs to differ., There have been countless books on inequality in the recent past-some arguing that it is a pressing problem and others arguing that it is not-but Atkinson 's stands above the crowded field. By pairing quantitative economic analysis with a clear moral argument, he provides lay readers with a bracing and accessible guide to the current inequality debates... Atkinson's book represents the best case an economist can make on these issues... The fact that we even understand inequality as a real problem with nuanced constraints is something we owe to Atkinson, who helped make it the serious focus of inquiry it is today. This book is a forceful summary of that body of work, and stands as the best introduction to the concerns that will hang over all of our discussions of the economy in the 21st century., Inequality is a real accomplishment. It represents the first comprehensive, realistic, and detailed proposal for countering growing economic inequality-and it's done not by some energetic graduate student but by a seasoned economist who's been working on these issues for more than forty years., Atkinson knows his stuff. He understands arguments used by free marketeers (largely successfully) to marginalize inequality as a front-and-center issue...This is why Atkinson devotes much space in Inequality to rebutting these arguments and asserting that tackling the rich-poor divide should, and can, be a priority...By presenting a strategic combination of new and established ideas, Atkinson shows why addressing the growing pervasiveness of inequality in the twenty-first century requires a sustained attack on many fronts. It also requires seeing economics not just as a debate about numbers but as a debate about people...Atkinson shows what might be possible if we stretch our collective imagination and focus on innovative ways to address what is emerging as the defining issue of our time., Though it has not attracted the celebrity attention, in many respects Atkinson 's [ Inequality ] is more important than Thomas Piketty's pathbreaking Capital in the Twenty-First Century , and is the perfect sequel. Where Piketty explained the tendency of wealth and income to concentrate, Atkinson digs deeper into what drove this shift and why conventional remedies will not reverse the trends. He has a far surer grasp than Piketty of the political dynamics that made possible the anomalous egalitarian era of the 30 glorious years after World War II., Inequality is a real accomplishment. It represents the first comprehensive, realistic, and detailed proposal for countering growing economic inequality'e"and it'e(tm)s done not by some energetic graduate student but by a seasoned economist who'e(tm)s been working on these issues for more than forty years., There have been countless books on inequality in the recent past--some arguing that it is a pressing problem and others arguing that it is not--but Atkinson 's stands above the crowded field. By pairing quantitative economic analysis with a clear moral argument, he provides lay readers with a bracing and accessible guide to the current inequality debates... Atkinson's book represents the best case an economist can make on these issues... The fact that we even understand inequality as a real problem with nuanced constraints is something we owe to Atkinson, who helped make it the serious focus of inquiry it is today. This book is a forceful summary of that body of work, and stands as the best introduction to the concerns that will hang over all of our discussions of the economy in the 21st century., One of the world's leading economists, mentor of Piketty and associate of Stiglitz, has written this accessible overview of why inequality matters, and why we need a series of urgent policies to tackle it. You don't need to be an economist to appreciate this impressive synthesis of his life's thinking and work., Tony Atkinson has done more than anyone else in helping us to understand the meaning of inequality, why it is important, how it has changed over time, and how it can be influenced. He is one of the great scholars of our time., Inequality is a real accomplishment. It represents the first comprehensive, realistic, and detailed proposal for countering growing economic inequality--and it's done not by some energetic graduate student but by a seasoned economist who's been working on these issues for more than forty years.
Table Of ContentContents Acknowledgements Introduction Part One: Diagnosis 1. Setting the Scene 2. Learning from History 3. The Economics of Inequality A Summing-Up So Far Part Two: Proposals for Action 4. Technological Change and Countervailing Power 5. Employment and Pay in the Future 6. Capital Shared 7. Progressive Taxation 8. Social Security for All Proposals to Reduce the Extent of Inequality Part Three: Can It Be Done? 9. Shrinking the Cake? 10. Globalisation Prevents Action? 11. Can We Afford It? The Way Forward Glossary Notes Contents in Detail List of Tables and Figures Figure Sources Index
SynopsisInequality and poverty have returned with a vengeance in recent decades. To reduce them, we need fresh ideas that move beyond taxes on the wealthy. Anthony B. Atkinson offers ambitious new policies in technology, employment, social security, sharing of capital, and taxation, and he defends them against the common arguments and excuses for inaction., Winner of the Richard A. Lester Award for the Outstanding Book in Industrial Relations and Labor Economics, Princeton University An Economist Best Economics and Business Book of the Year A Financial Times Best Economics Book of the Year Inequality is one of our most urgent social problems. Curbed in the decades after World War II, it has recently returned with a vengeance. We all know the scale of the problem--talk about the 99% and the 1% is entrenched in public debate--but there has been little discussion of what we can do but despair. According to the distinguished economist Anthony Atkinson, however, we can do much more than skeptics imagine. " Atkinson] sets forth a list of concrete, innovative, and persuasive proposals meant to show that alternatives still exist, that the battle for social progress and equality must reclaim its legitimacy, here and now... Witty, elegant, profound, this book should be read." --Thomas Piketty, New York Review of Books "An uncomfortable affront to our reigning triumphalists. Atkinson's] premise is straightforward: inequality is not unavoidable, a fact of life like the weather, but the product of conscious human behavior. --Owen Jones, The Guardian