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A Leading Economist Challenges Dominant Theories On Global Inequality, Discussing Why Wealth Persistently Remains In The Hands Of A Few And How Technological Development Threatens To Create A Scarcity Of Unskilled Jobs That Will Lead To Even Greater Inequality. In His Book Capital In The Twenty-first Century, Economist Thomas Pikkety Argued That The Contemporary Phenomenon Of Rising Inequality Across The Globe Is A Function Of The Inheritance Of Capital, Which, Over Generations, Accrues In The Hands Of A Concentrated Patrimonial Elite. It Was An Elegant, Simple Idea That Also Posed A Clear Antagonist: The Super Rich And The Policy-makers, Who Would Keep The Wealth In Their Hands. The Reality Is More Complicated. In [this Book], The Groundbreaking And Timely Challenge To Dominant Theories On Global Inequality, Leading Economist Douglas Mcwilliams Argues That Inequality Is Largely Driven Not By A Conspiracy Of The Rich, As Thomas Piketty Suggests, But By Technology And Globalization That Have Led To The Paradox Of Rising Inequality Even As Worldwide Poverty Drops. But What Are The Implications Of This Seeming Contradiction, And What Ultimately Drives The Global Distribution Of Wealth
- Author
- McWilliams, Douglas, author
- Publisher
- New York: The Overlook Press
- Published
- 2018
- Language
- EN
- ISBN
- 9780715651780
- Subjects
- Economics, History, Business
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