Academic journal article Journal of Australian Political Economy

Michael Schneider, Mike Pottinger and John King the Distribution of Wealth-Growing Inequality?

Academic journal article Journal of Australian Political Economy

Michael Schneider, Mike Pottinger and John King the Distribution of Wealth-Growing Inequality?

Article excerpt

Michael Schneider, Mike Pottinger and John King

The Distribution of Wealth--Growing Inequality?

Edward Elgar, Cheltenham, 2016, pp. 214, hardback edition, $129.75.

Michael Schneider published the first edition of his book on inequality in wealth distribution in 2003. It was a worthy stocktaking of knowledge and data about the dimensions of wealth inequality in various countries, although it had only modest impact at the time. Much has happened since then, including the global financial crisis. Some political economists interpreted the GFC as having been caused caused by extreme wealth inequality: others have emphasised how it and the subsequent 'recovery' have further increased inequality. Thomas Piketty's blockbuster book then put wealth inequality right at the centre of public debate, riding the wave created by the Occupy movement's focus on the obscene concentration of wealth in the hands of the top 1%. Michael Schneider was ahead of the pack. Not that this modest gentleman would never make such a claim: he has been one of the quiet but consistently constructive contributors to Australian political economy. …

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