Capitalism and Inequality: The Role of State and Market

Capitalism and Inequality challenges the popular view that market institutions are responsible for the recent surge in inequality and offers a comprehensive analysis of the economic and historical factors contributing to this phenomenon. The book explores the relationship between market-driven inequality and government intervention, examines the effects of regulation on different segments of society, and proposes policies to reduce inequality while promoting greater material well-being.

Format: Paperback / softback
Length: 234 pages
Publication date: 01 August 2022
Publisher: Taylor & Francis Ltd

Capitalism and Inequality challenges the prevailing notion that attributing the recent surge in inequality to the failure of market institutions. Through a comprehensive synthesis of cutting-edge research from esteemed scholars, the book delves into the inherent inequality inherent in a free market, offering an economic and historical perspective. In this exploration, it examines in depth the question of whether the recent increase in inequality can be attributed to crony capitalism and government intervention.

The book is organized into several sections, including theoretical perspectives on inequality, the political economy of inequality, and the measurement of inequality. Each chapter addresses key questions such as the distinction between the effects of market-driven inequality and the inequality caused by government intervention, the impact of regulatory inequality on marginalized individuals, and the relationship between economic growth and market-driven inequality.

The central policy conclusions drawn from this analysis depart from the prevailing narratives. The authors argue that enhancing the role of markets and reducing the extent of regulation is the most effective strategy to reduce inequality while ensuring greater material well-being for all segments of society.

This seminal text makes an indispensable contribution to the literature on inequality and markets, and it is a must-read for students, scholars, and policymakers alike. Its insights and recommendations will undoubtedly shape our understanding of these critical issues and guide our efforts toward a more equitable and prosperous future.

Weight: 450g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367534738