This volume of essays builds upon renewed interest in the long-run global development of wealth and inequality stimulated by the publication of Thomas Piketty’s Capital in the Twenty-First Century. It brings together an international team of leading economic historians and economists to provide an overview of global developments in the theory and reality of inequality and its salience in the modern world order. The contributors take stock of the key concepts involved in contemporary debates – capital, wealth and income distribution, economic development, private and collective assets, financialization, global liberalisation – and evaluate the evidence for both common and contrasting historical trends in national statistical data sources. To the developed economies upon which Piketty drew are added contributions covering Latin America, Africa, India and Japan, providing a global perspective upon a global phenomenon. The book seeks to provide readers with a deeper awareness and understanding of the significance of inequality in economic development, the varying pace and nature of economic change around the world, and the manner in which this process of change affects the distribution of incomes and wealth in diverse economies. The collection marks an important step in the process of developing Piketty’s analytical framework and empirical material, overcoming some of their limitations and helping to cement a lasting place for inequality in the future agenda of economics and economic history.
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An international team of leading economic historians provide an overview of global developments in the theory and reality of inequality in the light of the work of Thomas Piketty.
1. Introduction Pat Hudson and Keith Tribe Part I: Concepts and Models 2. Capital and Wealth G. C. Harcourt, University of New South Wales and Keith Tribe 3. Inequality Keith Tribe 4. Models, Money and Housing Avner Offer, University of Oxford Part II: Piketty in Western National Contexts 5. French Idiosyncracies Gauthier Lanot, Umeå University 6. Fact or Fiction? Complexities of Economic Inequality in Twentieth-Century Germany Jan-Otmar Hesse, University of Bayreuth 7. Collective Wealth Formation: Conflict and Compromise in Sweden, 1950-2000 Ylva Hasselberg and Henry Ohlsson, Uppsala University 8. A Confusion of Capital in the United States Mary A. O'Sullivan, University of Geneva 9. Distributional Politics: The Search for Equality in Britain since the First World War Jim Tomlinson, University of Glasgow Part III: Piketty: Global Commentaries 10. Looking at Piketty from the Periphery Luis Bértola, Universidad de la República, Uruguay 11. The Differences of Inequality in Africa Patrick Manning and Matt Drwenski, University of Pittsburgh 12. Income Distribution in Pre-War Japan Tetsuji Okazaki, University of Tokyo 13. Piketty and India Prasannan Parthasarathi, Boston College Part IV: Prospect 14. Goals and Measures of Development: The Piketty Opportunity Pat Hudson 15. Wealth and Income Distribution: New Theories for a New Era Ravi Kanbur,Cornell University and Joseph E. Stiglitz, Columbia University
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This excellent volume effectively exploits and builds on ‘the Piketty opportunity’: the contested new terrain created by Thomas Piketty’s challenge to mainstream economics and economic history. With their deep knowledge of the history of the study of inequality in various regions of the world and in the discipline of economics, the contributors engage critically with Piketty’s Capital in the Twenty-First Century to provide a plethora of new insights and important alternative policy proposals. This volume demonstrates why public policy-makers need to pay full attention to historians in grappling with the political trilemma of our age posed by Piketty: democracy, capitalism and inequality.
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Produktdetaljer

ISBN
9781911116110
Publisert
2016-10-30
Utgiver
Vendor
Agenda Publishing
Høyde
234 mm
Bredde
156 mm
Aldersnivå
UP, 05
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
312

Biographical note

Pat Hudson is Emeritus Professor of Economic History at Cardiff University. Her books include The Industrial Revolution (1992), History by Numbers: An Introduction to Quantitative Approaches (second edition 2016) and The Routledge Handbook of Global Economic History (co-editor, 2016).

Keith Tribe taught economics at Keele University in the 1980s and 1990s before taking early retirement in 2002. Since then he has continued to write, translate and teach. He is currently teaching the history of economics at the University of Birmingham. His books include Governing Economy (1988), Strategies of Economic Order (1995/2007) and The Economy of the Word (2015).