Rent-Seekers, Profits, Wages and Inequality: The Top 20%
Péter Mihályi, "Rent-Seekers, Profits, Wages and Inequality: The Top 20%"
English | ISBN: 3030038459 | 2019 | 163 pages | EPUB, PDF | 751 KB + 2 MB
English | ISBN: 3030038459 | 2019 | 163 pages | EPUB, PDF | 751 KB + 2 MB
Mihályi and Szelényi provide a timely contribution to contemporary debates about inequality of incomes and wealth, offering a careful examination of various sources of rent in contemporary societies, and considering several policy options to reduce inequality in order to preserve the meritocratic nature of liberal democracies.
While Rent-Seekers, Profits, Wages and Inequality acknowledges the rapid and disturbing increase of incomes and wealth in the top 1 or 0.1%, it focuses on the increasing rent component of incomes and wealth in the top 20% as even more consequential. The attention to cutting-edge issues on inequality in macroeconomics, political science and sociology will appeal to social scientists interested in income distribution and wealth accumulation.