Not Paying the Rent: Imagining a Fairer Capitalism

The book "Not Paying the Rent: Imagining a Fairer Capitalism" argues that the failure in development is not due to capitalism but rather rentism, which is earnings based on political rather than market returns. It suggests that overcoming rent would occur within a model of globalisation whereby advanced economics still prosper concurrently with the poorest countries growing, underpinned by international organisations defending a rule-based globalisation.

Format: Paperback / softback
Length: 192 pages
Publication date: 22 September 2022
Publisher: Springer Nature Switzerland AG

The book is a captivating conversational masterpiece that delves deep into the intricate dynamics of development, challenging prevailing narratives and unveiling the true culprit behind the barriers to progress. The central premise of the book revolves around the concept of "rent," which stands for earnings derived from political rather than market returns. This pervasive force, according to the main authors, poses a significant impediment to development, perpetuating social and economic inequalities. Through a compelling case study of Brazil's economic development, the authors illustrate how policies pursued by Brazil and other low- to middle-income countries fail to address the fundamental obstacle to progress: rent.

The book proposes a transformative vision for a fairer capitalism, one that seeks to overcome the shackles of rent and pave the way for sustainable and equitable growth. It advocates for a model of globalization that fosters collaboration, mutual benefit, and respect for international rules and regulations. This vision is grounded in the belief that advanced economies can continue to prosper alongside the poorest countries, all supported by international organizations committed to defending a rule-based global order.

The book is meticulously researched, drawing on a wealth of historical evidence and contemporary insights. It employs a clear and accessible writing style, making it accessible to students, researchers, and general readers alike. Each chapter is followed by responses from experts in the field, providing further depth and perspective to the discussions.

In conclusion, "Not Paying the Rent: Imagining a Fairer Capitalism" is a groundbreaking work that offers a fresh perspective on development economics. It challenges the conventional wisdom and exposes the underlying forces that perpetuate inequality and poverty. By advocating for a fairer globalization model and highlighting the role of rent in perpetuating social and economic disparities, the book provides a roadmap for building a more inclusive and prosperous world. This is a must-read for anyone interested in inequality and development economics, and it will undoubtedly inspire and empower readers to take action toward a more equitable future.

Weight: 298g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030788636
Edition number: 1st ed. 2021