“Anatomy of Economic Inequality Second Edition” delves into the intricate and multifaceted nature of economic inequality and poverty, offering a comprehensive examination of their causes, consequences, and potential solutions. This book is designed to provide readers with a deep understanding of the various dimensions of economic inequality, from income and wealth disparities to inequality of opportunity and social mobility. It defines key terms such as economic inequality and poverty, exploring their different forms and how they are interconnected. The book also provides a historical overview of economic inequality and poverty, tracing their evolution from pre-industrial times to the present day, and compares levels of inequality and poverty across different countries and regions.
The central argument of the book is that extreme inequality is a root cause of poverty, and that certain policies can address both issues simultaneously. It outlines the potential consequences of inaction and emphasizes the urgency of addressing economic inequality and poverty. The book covers various metrics of inequality, such as the Gini coefficient and the Palma ratio, and explores methods for measuring wealth inequality. It also discusses asset inequality, inequality of opportunity, and social mobility. Additionally, the book examines the impact of the Industrial Revolution, urbanization, migration, colonialism, and imperialism on economic inequality. It profiles the ultra-wealthy, analyzes the disappearing middle class, and explores the winners and losers of globalization. The book also delves into the political economy of inequality, the financialization of the economy, and the human cost of inequality, providing a compelling case for change.
