Inequality: The Political Economy of Income Distribution

Inequality: The Political Economy of Income Distribution

Inequality: The Political Economy of Income Distribution

Inequality: The Political Economy of Income Distribution

Synopsis

A worsening economic crisis due to the shift in wealth over the past decade is the central concern of this carefully documented study. It profiles the current status of income inequality in this country and discerns disturbing trends for the future. A wealth of data are collected, evaluated, and simplified into a straightforward view of the variables of income distribution. Dovring asserts that these must be examined in order to reverse the economic decline that threatens our democratic system. The study clarifies the problems associated with income inequality and formulates a consistent system for measuring its effects.

Excerpt

With rising numbers of homeless children, a trillion-dollar national debt at high interest, and increasing environmental damage, the economy of the United States is now in worse shape than it was ten years ago. If the recent crisis of communism is not to be followed by a severe crisis of capitalism, something serious must be done about the economy of the richest country in the world. There are several facets to our economic quandary. A large part centers around the distribution of income and wealth, which has become visibly more unequal in the last few years. This book endeavors to explain the facts and the problems of economic distributions to the general public.

The trouble with facts is that there are so many of them. Although this was recently expressed by a prominent astronomer, it applies to economic data just as much as to the stars. There is indeed a great wealth of information about economic distributions, as on many other economic topics. To avoid repelling the reader with a surfeit of statistics, data will be cited mainly as signposts to lend some reality to the explanation of economic changes. Some of the facts will change even as this book goes to print, but the explanations should nonetheless apply to the foreseeable future as well.

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