Author: Steven McMullen
Publisher: Taylor & Francis
ISBN: 100080190X
Category : Business & Economics
Languages : en
Pages : 226
Book Description
A central contested issue in contemporary economics and political philosophy is whether governments should redistribute wealth. In this book, a philosopher and an economist debate this question. James Otteson argues that respect for individual persons requires that the government should usually not alter the results of free exchanges, and so redistribution is usually wrong. Steven McMullen argues that governments should substantially redistribute wealth in order to ensure that all have a minimal opportunity to participate in economic life. Over the course of the exchange, the authors investigate a number of important questions. Is redistribution properly a question of justice, and what is the appropriate standard? Has the welfare state been effective at fighting poverty? Can we expect government intervention in the economy to be helpful or counterproductive? Are our obligations to help the poor best met through government action, or through private philanthropy and individual charity? The book features clear statements of each argument, responses to counterarguments, in-text definitions, a glossary of key terms, and section summaries. Scholars and students alike will find it easy to follow the debate and learn the key concepts from philosophy, politics, and economics necessary to understand each position. Key Features: Offers clear arguments written to be accessible to readers and students without a deep background in economics, philosophy, or political theory. Fosters a deep exchange of ideas with responses from each author to the main arguments. Provides in-text definitions and a glossary with definitions of key terms. Includes section summaries that give an overview of the main arguments and a comprehensive bibliography for further reading.
Author: Steven McMullen
Publisher: Taylor & Francis
ISBN: 100080190X
Category : Business & Economics
Languages : en
Pages : 226
Book Description
A central contested issue in contemporary economics and political philosophy is whether governments should redistribute wealth. In this book, a philosopher and an economist debate this question. James Otteson argues that respect for individual persons requires that the government should usually not alter the results of free exchanges, and so redistribution is usually wrong. Steven McMullen argues that governments should substantially redistribute wealth in order to ensure that all have a minimal opportunity to participate in economic life. Over the course of the exchange, the authors investigate a number of important questions. Is redistribution properly a question of justice, and what is the appropriate standard? Has the welfare state been effective at fighting poverty? Can we expect government intervention in the economy to be helpful or counterproductive? Are our obligations to help the poor best met through government action, or through private philanthropy and individual charity? The book features clear statements of each argument, responses to counterarguments, in-text definitions, a glossary of key terms, and section summaries. Scholars and students alike will find it easy to follow the debate and learn the key concepts from philosophy, politics, and economics necessary to understand each position. Key Features: Offers clear arguments written to be accessible to readers and students without a deep background in economics, philosophy, or political theory. Fosters a deep exchange of ideas with responses from each author to the main arguments. Provides in-text definitions and a glossary with definitions of key terms. Includes section summaries that give an overview of the main arguments and a comprehensive bibliography for further reading.
Author: J. E. Du Plessis
Publisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 32
Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
As middle-class incomes stagnate in advanced economies while the rich experience record income gains, the eleventh semi-annual Munk Debate pits wealth redistribution supporters Paul Krugman and George Papandreou against Newt Gingrich and Arthur Laffer to debate taxation — should the rich pay more? For some the answer is obvious: redistribute the wealth of the top income earners who have enjoyed, for almost a generation, the lion’s share of all income gains. Imposing higher taxes on the wealthy is the best way for countries such as Canada to reinvest in their social safety nets, education, and infrastructure while protecting the middle class. Others argue that anemic economic growth, not income inequality, is the real problem facing advanced countries. In a globalized economy, raising taxes on society’s wealth creators leads to capital flight, falling government revenues, and less money for the poor. These same voices contend that lowering taxes on everyone stimulates innovation and investment, fuelling future prosperity. In this edition of the Munk Debates — Canada’s premier international debate series — Nobel Prize–winning economist Paul Krugman and former Prime Minster of Greece George Papandreou square off against former Speaker of the U.S. House of Representatives Newt Gingrich and famed economist Arthur Laffer to debate if the rich should bear the brunt of higher taxes. For the first time ever, this stimulating debate, which will take place in front of a sold-out audience, will be available in print. With advanced countries facing overextended social services, crumbling infrastructure, and sluggish economic growth, the Munk Debate on economic inequality tackles the essential public policy issue: Should we tax the rich more?
Author: Tarik Akin
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110586665
Category : Business & Economics
Languages : en
Pages : 216
Book Description
Wealth inequality has been not only rising at unsustainable pace but also dissociated from income inequality because of the fact that wealth is increasing without concomitant increase in savings and productive capital. Compelling evidence indicates that capital gains and other economic rents are mainly responsible for wealth inequality and its divergence from income inequality. The main argument of the book is that interest-based debt contracts are one of the drivers of wealth inequality through creating disproportional economic rents for the asset-rich. The book also introduces the idea of risk-sharing asset-based redistribution, which is a novel and viable policy proposal, as an effective redistribution tool to address the wealth inequality problem. Furthermore, a large-scale stock-flow consistent macroeconomic model, which is step by step constructed in the book, sheds light on the formation of wealth inequality in a debt-based economy and on the prospective benefits of implementing risk-sharing asset-based redistribution policy tools compared to traditional redistribution policy options. The research presented in this book is novel in many respects and first of its kind in the Islamic economics and finance literature.
Author: Local Government Forum
Publisher:
ISBN: 9780473148461
Category : Income distribution
Languages : en
Pages : 25
Book Description
Author: Norman B. Ture
Publisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 152
Book Description
Author: Jalen Dupree McLeod
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 0
Book Description
The redistribution of wealth is an incredibly frequently debated issue given its vast and complex encompassment of pragmatic implications. Our focus here only being on a fraction of this massive topic, will concentrate on the metaeconomic justifications for redistribution; namely, the nature of economic growth, innovation, and human capital. We will also focus on the concept of human nature, as it pertains to our understanding of innovation and human capital. Using our analysis of these concepts as our foundation, we will argue that the redistribution of wealth is currently a necessary condition for the optimality of economic growth, thus strengthening the overall case for increasing the imperative, scope, and speed of redistribution. Our argument is composed of three central claims; 1) innovation is currently the only significant driver of long term economic growth 2) innovation is most effectively promoted by increases in human capital. Thus, maximizing human capital is a necessary condition for maximizing innovation. And in order for human capital to increase, socio-economic goods/resources must be invested into people 3) human capital isn't being maximized under the current inequitable distribution of socio-economic goods because goods/resources aren't adequately invested into the majority of people. If all three claims are true, then they should force our conclusion that the redistribution of wealth is currently a necessary condition for the optimality of economic growth.
Author: Avraham D. Tabbach
Publisher:
ISBN:
Category :
Languages : en
Pages : 44
Book Description
This paper explores how the distribution of wealth affects the social costs of crime and law enforcement and whether more or less equality, in this regard, is socially desirable. Generally, the optimal distribution of wealth should balance the social costs of enforcing the law upon wealthy individuals and those costs vis-a-vis poor individuals. The paper shows that, in a broad set of circumstances, greater or even perfect equality in the distribution of wealth is socially desirable. This is the case even though, as is assumed, the distribution of the benefits and harms resulting from harmful acts are the same for all individuals, all of whom also have identical and linear utility functions. However, there are certain circumstances under which inequality is socially preferable, circumstances that, all other things equal, are more likely to arise in poorer societies.
Author: George Papandreou
Publisher: House of Anansi
ISBN: 1770894225
Category : Political Science
Languages : en
Pages : 128
Book Description
As middle-class incomes stagnate in advanced economies while the rich experience record income gains, the eleventh semi-annual Munk Debate pits wealth redistribution supporters Paul Krugman and George Papandreou against Newt Gingrich and Arthur Laffer to debate taxation — should the rich pay more? For some the answer is obvious: redistribute the wealth of the top income earners who have enjoyed, for almost a generation, the lion’s share of all income gains. Imposing higher taxes on the wealthy is the best way for countries such as Canada to reinvest in their social safety nets, education, and infrastructure while protecting the middle class. Others argue that anemic economic growth, not income inequality, is the real problem facing advanced countries. In a globalized economy, raising taxes on society’s wealth creators leads to capital flight, falling government revenues, and less money for the poor. These same voices contend that lowering taxes on everyone stimulates innovation and investment, fuelling future prosperity. In this edition of the Munk Debates — Canada’s premier international debate series — Nobel Prize–winning economist Paul Krugman and former Prime Minster of Greece George Papandreou square off against former Speaker of the U.S. House of Representatives Newt Gingrich and famed economist Arthur Laffer to debate if the rich should bear the brunt of higher taxes. For the first time ever, this stimulating debate, which will take place in front of a sold-out audience, will be available in print. With advanced countries facing overextended social services, crumbling infrastructure, and sluggish economic growth, the Munk Debate on economic inequality tackles the essential public policy issue: Should we tax the rich more?
Author: Arleen A. LEIBOWITZ
Publisher:
ISBN:
Category :
Languages : en
Pages : 8
Book Description
