On Inequality

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Author: Harry G. Frankfurt

Publisher: Princeton University Press

ISBN: 0691167141

Category: Philosophy

Page: 120

View: 5904

Economic inequality is one of the most divisive issues of our time. Yet few would argue that inequality is a greater evil than poverty. The poor suffer because they don't have enough, not because others have more, and some have far too much. So why do many people appear to be more distressed by the rich than by the poor? In this provocative book, the #1 New York Times bestselling author of On Bullshit presents a compelling and unsettling response to those who believe that the goal of social justice should be economic equality or less inequality. Harry Frankfurt, one of the most influential moral philosophers in the world, argues that we are morally obligated to eliminate poverty—not achieve equality or reduce inequality. Our focus should be on making sure everyone has a sufficient amount to live a decent life. To focus instead on inequality is distracting and alienating. At the same time, Frankfurt argues that the conjunction of vast wealth and poverty is offensive. If we dedicate ourselves to making sure everyone has enough, we may reduce inequality as a side effect. But it’s essential to see that the ultimate goal of justice is to end poverty, not inequality. A serious challenge to cherished beliefs on both the political left and right, On Inequality promises to have a profound impact on one of the great debates of our time.

The Effects of Monetary Policy Shocks on Inequality

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Author: Davide Furceri,Mr.Prakash Loungani,Ms.Aleksandra Zdzienicka

Publisher: International Monetary Fund

ISBN: 1475568487

Category: Business & Economics

Page: 43

View: 2323

This paper provides new evidence of the effect of monetary policy shocks on income inequality. Using a measure of unanticipated changes in policy rates for a panel of 32 advanced and emerging market countries over the period 1990-2013, the paper finds that contractionary (expansionary) monetary actions increase (reduce) income inequality. The effect, however, varies over time, depending on the type of the shocks (tightening versus expansionary monetary policy) and the state of the business cycle, and across countries depending on the share of labor income and redistribution policies. In particular, we find that the effect is larger for positive monetary policy shocks, especially during expansions. Looking across countries, we find that the effect is larger in countries with higher labor share of income and smaller redistribution policies. Finally, while an unexpected increase in policy rates increases inequality, changes in policy rates driven by an increase in growth are associated with lower inequality.

Discourse on Inequality

On the Origin and Basis of Inequality Among Men

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Author: Jean-Jacques Rousseau

Publisher: The Floating Press

ISBN: 177541695X

Category: Philosophy

Page: 117

View: 3357

The searing indictment of man-made inequality in all its many forms that Rousseau offers in Discourse on Inequality is a must-read for philosophy buffs and supporters of social justice. This artfully composed argument sets forth the core elements of Rousseau's philosophical views, including his unique take on Hobbes' concept of nature and natural law.

Discourse on Inequality in France and Britain

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Author: John Edwards,Jean-Paul Révauger

Publisher: Routledge

ISBN: 0429858523

Category: Social Science

Page: 208

View: 5571

Published in 1998, this volume consists of 16 edited papers presented at an Anglo-French conference on inequality in France in March 1997. The purpose of this book is to bring together ideas and perceptions of inequality in the two countries across several areas including multi-ethnicity, education, social work, housing and health, presented by experts in these fields and in cultural studies. The purpose is not comparative in the traditional sense, but rather to analyze the different meanings amd conceptions that apply to inequality in France and Britain and to demostrate how these differences affect policies as well as what is considered to be legitimate grounds for policy intervention. This approach to social policy in Europe pays attention to the cultural meanings of concepts like inequality and demonstrates that comparative social policy can only be properly productive when it acknowledges that key words like poverty, inequality, citizenship, social rights and insertion/exclusion carry with them quite different ideological, moral and social meanings in two countries such as Britain and France.

Lucas Vs. Lucas: On Inequality and Growth

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Author: Juan Carlos Cordoba,Geneviève Verdier

Publisher: International Monetary Fund

ISBN: N.A

Category: Business cycles

Page: 39

View: 5152

Lucas (2004) asserts that "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution... The potential for improving the lives of poor people by finding different ways of distributing current production is nothing compared to the apparently limitless potential of increasing production." In this paper we evaluate this claim using an extended version of Lucas' (1987) welfare-evaluation framework. Surprisingly, we find that the welfare costs of inequality outweigh the benefits of growth in most cases. These calculations support the case for a research agenda that treats not only growth but also inequality as a priority.

A Discourse on Inequality

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Author: Jean-Jacques Rousseau

Publisher: Penguin UK

ISBN: 0141920009

Category: Political Science

Page: 192

View: 5261

In A Discourse on Inequality Rousseau sets out to demonstrate how the growth of civilization corrupts man’s natural happiness and freedom by creating artificial inequalities of wealth, power and social privilege. Contending that primitive man was equal to his fellows, Rousseau believed that as societies become more sophisticated, the strongest and most intelligent members of the community gain an unnatural advantage over their weaker brethren, and that constitutions set up to rectify these imbalances through peace and justice in fact do nothing but perpetuate them. Rousseau’s political and social arguments in the Discourse were a hugely influential denunciation of the social conditions of his time and one of the most revolutionary documents of the eighteenth-century.

Perspectives on Inequality

A Reassessment of the Effect of Family and Schooling in America

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Author: Philip W. Jackson,James S Coleman,Kenneth B Clark,Christopher Jencks

Publisher: Harvard University Press

ISBN: N.A

Category: Law

Page: 130

View: 4012

Beliefs About Inequality

Americans' Views of What Is and What Ought to Be

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Author: James R. Kluegel,Eliot R. Smith

Publisher: Transaction Publishers

ISBN: 0202303276

Category: Psychology

Page: 332

View: 7403

Motivated by the desire to explain how Americans perceive and evaluate inequality and related programs and policies, the authors conducted a national survey of beliefs about social and economic inequality in America. Here they present the results of their research on the structure, determinants, and certain political and personal consequences of these beliefs. The presentations serve two major goals; to describe and explain the central features of Americans' images of inequality. Beliefs About Inequality begins with a focus on people's perceptions of the most basic elements of inequality: the availability of opportunity in society, the causes of economic achievements, and the benefits and costs of equality and inequality. The book's analysis of the public's beliefs on these key issues is based on fundamental theories of social psychology and lays the groundwork for understanding how Americans evaluate inequality-related policies. The authors discuss the ultimate determinants of beliefs and the implications of their findings for social policies related to inequality. They propose that attitudes toward economic inequality and related policy are influenced by three major aspects of the current American social, economic, and political environment: a stable "dominant ideology" about economic inequality; individuals' social and economic status; and specific beliefs and attitudes, often reflecting "social liberalism" shaped by recent political debates and events. "a superb piece of scholarship, combining substantive ambition and theoretical depth with analytical clarity and sophistication."--Public Opinion Quarterly James R. Kluegel is chairman of the Department of Sociology at the University of Illinois at Urbana-Champaign. He is the author of Evaluating Contemporary Juvenile Justice. Eliot R. Smith is professor of psychology at Indiana University. He is the author of Social Psychology.

Thinking about Inequality

Personal Judgment and Income Distributions

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Author: Yoram Amiel,Frank Cowell

Publisher: Cambridge University Press

ISBN: 9780521466967

Category: Business & Economics

Page: 181

View: 5414

What is inequality? In the late 1990s there was an explosion of interest in the subject that yielded a substantial body of formal tools and results for income-distribution analysis. Nearly all of this is founded on a small set of core assumptions - such as the Principle of Transfers, scale independence, the population principle∑ - that are used to give meaning to specific concepts of inequality measurement, inequality ranking and, indeed, to inequality itself. But does the standard axiomatic structure coincide with public perceptions of inequality? Or is the economist's concept of inequality a thing apart, perpetuated through serial brainwashing in the way the subject is studied and taught? In this 1999 book, Amiel and Cowell examine the evidence from a large international questionnaire experiment using student respondents. Along with basic 'cake-sharing' issues, related questions involving social-welfare rankings, the relationship between inequality and overall income growth and the meaning of poverty comparisons are considered.

Paying for Inequality

The Economic Cost of Social Injustice

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Author: Andrew Glyn

Publisher: Institute for Public Policy Research

ISBN: 9781854890597

Category: Social Science

Page: 248

View: 2492

Analiza: Salud, redistribución y crecimiento; Educación: Oportunidades, igualdad y rendimiento; Crimen, desigualdad y eficacia; Capacidad: Desigualdad e ineficiencia; Sueldos y eficacia del mercado de trabajo; Desempleo, desigualdad e ineficacia; Impuestos y beneficios, igualdad y eficiencia.