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The New Economics of Inequality and Redistribution

(Federico Caffè Lectures)

4.16  ·  Rating details ·  19 ratings  ·  3 reviews
Paperback, 188 pages
Published 2012 by Cambridge University Press
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Wilte
Dec 14, 2013 rated it really liked it
Shelves: ub
Theoretical and empirical well-founded argument for more wealth redistribution and equality. Very liberal and left-wing for an American. But well-written, well structured and convincing (but, hey, I live in liberal the Netherlands, with a fairly low Gini coefficient).

In Chapter 1, Bowles argues: Inequality impedes economic performance when it precludes productivity enhancing goverance structures. In other words (p.70/71 Ch.2): "More egalitarian distributions are more likely to be more efficient
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Jason Furman
May 14, 2014 rated it really liked it
Shelves: nonfiction, economics
A technical treatment of the ways in which inequality can negatively affect growth, for example through principal-agent models in which imperfect information leads to incomplete contracts that are suboptimal in the presence of inequality (e.g., sharecropping models or too much expensive monitoring). Links these models to some intriguing data on the correlation of "guard labor" to inequality across countries and across cities.
Gerry
Nov 24, 2012 rated it it was amazing
Elegant and well argued case for egalitarian redistributional policies but relies heavily on exotic economic reasoning to make his case which is insufficient reason to design policies around his propositions.
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Samuel Bowles is Research Professor and Director of the Behavioral Sciences Program at the Santa Fe Institute and Professor of Economics at the University of Siena. He is coauthor of Notes and Problems in Microeconomic Theory (North Holland Texts in Mathematical Economics) and Schooling in Capitalist America (Bas
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Federico Caffè Lectures (9 books)
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