The New Economics of Inequality and Redistribution (Federico Caffè Lectures) - Hardcover

Bowles, Samuel

Hardcover

ISBN 10: 1107014034 ISBN 13: 9781107014039

Publisher: Cambridge University Press, 2012

Synopsis

Economists warn that policies to level the economic playing field come with a hefty price tag. But this so-called 'equality-efficiency trade-off' has proven difficult to document. The data suggest, instead, that the extraordinary levels of economic inequality now experienced in many economies are detrimental to the economy. Moreover, recent economic experiments and other evidence confirm that most citizens are committed to fairness and are willing to sacrifice to help those less fortunate than themselves. Incorporating the latest results from behavioral economics and the new microeconomics of credit and labor markets, Bowles shows that escalating economic disparity is not the unavoidable price of progress. Rather it is policy choice - often a very costly one. Here drawing on his experience both as a policy advisor and an academic economist, he offers an alternative direction, a novel and optimistic account of a more just and better working economy.

About this title

Book Description:

Incorporating the latest results from behavioral economics and microeconomic theory, Samuel Bowles argues that conventional economics has mistakenly presented inequality as the price of progress. In place of this view, he offers a novel and optimistic account of the possibility of a more just economy.

About the Author:

Samuel Bowles heads the Behavioral Sciences Program at the Santa Fe Institute. He previously taught economics at Harvard University, the University of Massachusetts and the University of Siena. He is the author, most recently, of Microeconomics: Behavior, Institutions, and Evolution (2004), A Cooperative Species: Human Reciprocity and its Evolution (2011, with Herbert Gintis) and articles in Science, Nature, the Quarterly Journal of Economics, the Journal of Public Economics and other academic journals. He has also served as an economic advisor to presidential candidates Robert F. Kennedy and Jesse Jackson, and former South African President Nelson Mandela and has taught crash courses in economics to trade unionists, community activists and others.

About this edition

• Publisher: Cambridge University Press
• Publication date: 2012
• ISBN 10: 1107014034
• ISBN 13: 9781107014039
• Binding: Hardcover
• Edition number: 1
• Number of pages: 208