Daniel Waldenström

Richer and More Equal (eBook, ePUB)

A New History of Wealth in the West

• Format: ePub

Produktbeschreibung

Once there were princes and peasants and very few between. The extremes of wealth and poverty are still with us, but that shouldn't blind us to the fact our societies have been utterly transformed for the better over the past century. As Daniel Waldenström makes clear in this authoritative account of wealth accumulation and inequality in the modern west, we are today both significantly richer and more equal. Using cutting-edge research and new, sometimes surprising, data, Waldenström shows that what stands out since the late 1800s is a massive rise in the size of the middle class and its share of society's total wealth. Unfettered capitalism, it seems, doesn't have to lead to boundless inequality. The key to progress was political and institutional change that enabled citizens to become educated, better paid, and to amass wealth through housing and pension savings. Waldenström asks how we can consolidate these gains while encouraging the creation of new capital. The answer, he argues, is to pursue tax and social policies that raise the wealth of people in the bottom and middle rather than cutting wealth of entrepreneurs at the top. Richer and More Equal is a benchmark account of one of the most profound and encouraging social changes in human history and a blueprint for continued progress.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 338
• Erscheinungstermin: 7. Juni 2024
• Englisch
• ISBN-13: 9781509557806
• Artikelnr.: 72236032

Autorenporträt

Daniel Waldenström is Professor of Economics at the Research Institute of Industrial Economics (IFN)in Stockholm, Sweden, where he directs the Taxation and Society research program. Previously, he taught at Uppsala University, the Paris School of Economics, and UCLA. His research concerns economic inequality, fiscal policy, and economic history.

Inhaltsangabe

Preface
1 Uncovering a Positive Story
Part I: Building Wealth
2 The History of Wealth Accumulation
3 The Changing Nature of Wealth
4 Homes and Pensions: The Pillars of Household Wealth
Part II: Wealth Inequality
5 The Great Wealth Equalization of the Twentieth Century
6 Exploring the Great Wealth Equalization
7 Hidden Offshore Wealth
8 Public Sector Wealth
9 Inheritance and Wealth Inequality
Part III: A New History of Wealth
10 Conclusions and Policy Insights
Notes
References
Index