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The inequality trap : fighting capitalism instead of poverty / William Watson.

By: Material type: TextTextSeries: Publication details: Toronto : University of Toronto Press, (c)2015.Description: 1 online resourceContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781442624948
  • 9781442624955
Subject(s): Genre/Form: LOC classification:
  • HM821 .I547 2015
Online resources: Available additional physical forms:
Contents:
2. The Deserving Rich -- 3. Ginis Rising -- 4. Who Are the 1 Per Cent? -- 5. Is Good Inequality Bad, Too? -- 6. Poverty -- 7. Opportunity -- 8. Anti-Occupy.
Subject: "US President Barack Obama has called economic inequality the "defining issue of our time." It has inspired the "Occupy" movements, made a French economist into a global celebrity, and given us a new expression--the "one percent." But is our preoccupation with inequality really justified? Or wise? In his new book, William Watson argues that focusing on inequality is both an error and a trap. It is an error because much inequality is "good," the reward for thrift, industry, and invention. It is a trap because it leads us to fixate on the top end of the income distribution, rather than on those at the bottom who need help most. In fact, if we respond to growing inequality by fighting capitalism rather than poverty, we may end up both poorer and less equal. Explaining the complexities of modern economics in a clear, accessible style, The Inequality Trap is the must-read rejoinder to the idea that fighting inequality should be our top policy priority."--
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Item type Current library Collection Call number URL Status Date due Barcode
Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD) Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD) G. Allen Fleece Library ONLINE Non-fiction HM821 (Browse shelf(Opens below)) Link to resource Available ocn921143519

Includes bibliographies and index.

"US President Barack Obama has called economic inequality the "defining issue of our time." It has inspired the "Occupy" movements, made a French economist into a global celebrity, and given us a new expression--the "one percent." But is our preoccupation with inequality really justified? Or wise? In his new book, William Watson argues that focusing on inequality is both an error and a trap. It is an error because much inequality is "good," the reward for thrift, industry, and invention. It is a trap because it leads us to fixate on the top end of the income distribution, rather than on those at the bottom who need help most. In fact, if we respond to growing inequality by fighting capitalism rather than poverty, we may end up both poorer and less equal. Explaining the complexities of modern economics in a clear, accessible style, The Inequality Trap is the must-read rejoinder to the idea that fighting inequality should be our top policy priority."--

1. History: The Sequel -- 2. The Deserving Rich -- 3. Ginis Rising -- 4. Who Are the 1 Per Cent? -- 5. Is Good Inequality Bad, Too? -- 6. Poverty -- 7. Opportunity -- 8. Anti-Occupy.

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