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Full Description
Mihályi and Szelényi provide a timely contribution to contemporary debates about inequality of incomes and wealth, offering a careful examination of various sources of rent in contemporary societies, and considering several policy options to reduce inequality in order to preserve the meritocratic nature of liberal democracies.
While Rent-Seekers, Profits, Wages and Inequality acknowledges the rapid and disturbing increase of incomes and wealth in the top 1 or 0.1%, it focuses on the increasing rent component of incomes and wealth in the top 20% as even more consequential. The attention to cutting-edge issues on inequality in macroeconomics, political science and sociology will appeal to social scientists interested in income distribution and wealth accumulation.
Contents
Chapter 1 Introduction.- Chapter 2: Rent in Classical Economic, Social and Political Theory.- Chapter 3: Thirteen Types of Rent in the Globalized World.- Chapter 4: Class Reproduction of the Upper Middle Class (Top 20%).- Chapter 5: Stages of Rent-Seeking Under Post-Communism.- Chapter 6: Rent-Securing by the Nation-States and Rent Destruction by Globalization.- Chapter 7: Theoretical and Policy Conclusions.