The Inequality Trap

Fighting Capitalism Instead of Poverty

Business & Finance, Business Reference, Government & Business, Nonfiction, Social & Cultural Studies, Political Science, Politics, Social Services & Welfare, Economics, Theory of Economics
Cover of the book The Inequality Trap by William Watson, University of Toronto Press, Scholarly Publishing Division
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Author: William Watson ISBN: 9781442624955
Publisher: University of Toronto Press, Scholarly Publishing Division Publication: September 15, 2015
Imprint: Language: English
Author: William Watson
ISBN: 9781442624955
Publisher: University of Toronto Press, Scholarly Publishing Division
Publication: September 15, 2015
Imprint:
Language: English

US President Barack Obama has called economic inequality the “defining issue of our time.” It has inspired the “Occupy” movements, made a French economist into a global celebrity, and given us a new expression – the “one percent.” But is our preoccupation with inequality really justified? Or wise?

In his new book, William Watson argues that focusing on inequality is both an error and a trap. It is an error because much inequality is “good,” the reward for thrift, industry, and invention. It is a trap because it leads us to fixate on the top end of the income distribution, rather than on those at the bottom who need help most. In fact, if we respond to growing inequality by fighting capitalism rather than poverty, we may end up both poorer and less equal.

Explaining the complexities of modern economics in a clear, accessible style, The Inequality Trap is the must-read rejoinder to the idea that fighting inequality should be our top policy priority.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

US President Barack Obama has called economic inequality the “defining issue of our time.” It has inspired the “Occupy” movements, made a French economist into a global celebrity, and given us a new expression – the “one percent.” But is our preoccupation with inequality really justified? Or wise?

In his new book, William Watson argues that focusing on inequality is both an error and a trap. It is an error because much inequality is “good,” the reward for thrift, industry, and invention. It is a trap because it leads us to fixate on the top end of the income distribution, rather than on those at the bottom who need help most. In fact, if we respond to growing inequality by fighting capitalism rather than poverty, we may end up both poorer and less equal.

Explaining the complexities of modern economics in a clear, accessible style, The Inequality Trap is the must-read rejoinder to the idea that fighting inequality should be our top policy priority.

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