Inequality in Financial Capitalism (Record no. 5339)

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fixed length control field 02548 a2200409 4500
001 - CONTROL NUMBER
control field 1317372107
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20250317111615.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 250312042017GB 204 eng
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781317372103
037 ## - SOURCE OF ACQUISITION
Source of stock number/acquisition Taylor & Francis
Terms of availability GBP 45.99
Form of issue BB
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Original cataloging agency 01
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Language code of text/sound track or separate title eng
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Subject category code BUS069000
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Subject category code 339.2
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100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Pasquale Tridico
245 10 - TITLE STATEMENT
Title Inequality in Financial Capitalism
250 ## - EDITION STATEMENT
Edition statement 1
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Oxford
Name of publisher, distributor, etc. Routledge
Date of publication, distribution, etc. 20170316
300 ## - PHYSICAL DESCRIPTION
Extent 252 p
520 ## - SUMMARY, ETC.
Expansion of summary note Recently, the issue of inequality has regained attention in the economic and political debate. This is due to both an increase in income inequality, in particular among rich countries, and an increasing interest in this issue by researchers and politicians. In the last three decades, income inequality among rich countries increased. This period also witnessed the growth of "financial capitalism", characterised by the strong dependency of economies on the financial sector, by the globalisation and intensification of international trade and capital mobility, and by the "flexibilisation" of labour markets and the reduction of wage shares. From the 1980s to the present day, this book considers the theoretical aspects of inequality (its foundations, definitions, approaches and origins) and examines empirical evidence of income inequality in a wide range of advanced economies. The key arguments in this volume are that income inequality increased during this period because labour and welfare became seen as costs to be compressed in "financial capitalism" rather than as a fundamental part of aggregate demand to be expanded. However, the welfare state is not a drain on economic performance and competitiveness, nor is it a barrier to economic efficiency. Instead, it is demonstrated that in countries that adopt "welfare capitalism", welfare state expenditure not only contributes to a reduction in inequality but also fosters economic growth. Inequality in Financial Capitalism is of great importance to those who study economics, political economy, labour economics and globalisation.

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