Shelves: nonfiction , economics This is one of the most delightful short economics books I have read--and certainly the most delightful on the topic of inequality. The book covers three types of inequality: inequality of people within a country e. The book is organized in three chapters that each explain one of the inequality concepts followed by about 10 vignettes per chapter. Very highly recommended.
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Shelves: nonfiction , economics This is one of the most delightful short economics books I have read--and certainly the most delightful on the topic of inequality.
The book covers three types of inequality: inequality of people within a country e. The book is organized in three chapters that each explain one of the inequality concepts followed by about 10 vignettes per chapter. Very highly recommended. Due to my respect for him as a teacher and how much I enjoyed his class, I decided to check it out.
He gives you his findings and its up to you the reader to draw your own conclusions. If you like economics and you like history than you will probably like this book. There is a wide array of vignettes that cover topics that range from capitalism vs socialism all the way to soccer.
And for the most part it is written in a way that is readable to the layman. At least in the beginning and middle. Toward the end I felt my brain beginning to melt and that may be because I tried to read too much at once or because it just seemed less interesting toward the end. If I could have given it 3.
The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality
Start free Blinkist trial Upgrade to Premium Read or listen now Synopsis The Haves and the Have-Nots shows how inequality throughout history has made its mark on society at large. Key idea 1 of 9 Inequality between individuals can change depending on developments in society. Do you think a capitalist society would have different levels of inequality than would a socialist society? In the early s, Italian economist Vilfredo Pareto, a pioneer in the field of inequality, was the first scholar to study inequality in terms of income distribution among individuals rather than among classes. In turn, this means that the wealthiest 20 percent of the population controls 80 percent of the total income. As a result, Pareto believed that levels of inequality would always remain more or less unchanged. Russian-American economist Simon Kuznets challenged this idea in when he theorized that inequality among individuals does, in fact, change as society changes.
Thy Neighbor’s Wealth
Updated Updated with additional explanation of how the chart controls for different costs of living around the world. The graph shows inequality within a country, in the context of inequality around the world. Here the population of each country is divided into 20 equally-sized income groups, ranked by their household per-capita income. The household income numbers are all converted into international dollars adjusted for equal purchasing power , since the cost of goods varies from country to country. In other words, the chart adjusts for the cost of living in different countries, so we are looking at consistent living standards worldwide. Now on the vertical axis, you can see where any given ventile from any country falls when compared to the entire population of the world. For example, trace the line for Brazil, a country with extreme income inequality.