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Inequality Hardcover – 20 Mar 2015

4.6 out of 5 stars 21 customer reviews

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Product details

  • Hardcover: 400 pages
  • Publisher: Harvard University Press (20 Mar. 2015)
  • Language: English
  • ISBN-10: 0674504763
  • ISBN-13: 978-0674504769
  • Product Dimensions: 16 x 3.6 x 24.4 cm
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (21 customer reviews)
  • Amazon Bestsellers Rank: 28,039 in Books (See Top 100 in Books)

Product Description

Review

A Financial Times Book of the Year 2015

An Economist Book of the Year 2015

"Tony Atkinson has done more than anyone else in helping us to understand the meaning of inequality, why it is important, how it has changed over time, and how it can be influenced. He is one of the great scholars of our time." - Nicholas Stern, London School of Economics and Political Science

"Professor Anthony Atkinson is a pioneer of the study of the economics of poverty and inequality. His latest work, Inequality: What can be done?, is an uncomfortable affront to our reigning triumphalists. His premise is straightforward: inequality is not unavoidable, a fact of life like the weather, but the product of conscious human behaviour. [...] Atkinson identifies the usual culprits: globalisation, in which the wealthy can easily pick and choose nations most favourable to their bank balances; rapid technological change, which has stripped away middle-income secure jobs; the explosion of a rapacious financial sector; a shift in attitude to high pay; the hobbling of trade unions, once a formidable counterweight to wealth being sucked to the top; and the erosion of redistribution based on progressive taxation." --Owen Jones, Guardian

"his mastery of detail and comfort with costings mean that his proposals seem not only imaginative but also practically feasible. (This book has) strengthened a public movement that has put pressure on governments to tackle inequality. (Atkinson) deserves credit for contributing considerable intellectual resources to that important struggle." -- New Statesman

"Contemporary books on inequality are divided into those published BC [before Capital], or AP [after Piketty]. (...) Piketty's books sprawled over more than 600 pages [...] Wisely, Sir Anthony has chosen a more digestible approach; Inequality is quieter, shorter and more direct. (...) a crunchy book that analyses policy discussions in detail but avoids dullness, thanks to its unapologetic support for aggressive government intervention. (...) And if his arguments are not always wholly convincing, he may nonetheless succeed in shifting the debate." -- Economist

"In this new book, the doyen of inequality economics in the UK, Anthony Atkinson whose many students have included Piketty sets out what a real plan for reducing inequality would look like... Atkinson is a first-rate economist who long ago mastered the orthodoxy, and so is well placed to take it to bits. --Tom Clark, Guardian

"I finished Inequality: What Can Be Done? by Tony Atkinson, and think it s great. If you are only going to read one book on the subject, this is more useful than Piketty" - The Enlightened Economist blog

(An) important contribution ... Those who desire a thought- provoking guide to policy options in advanced countries should grapple with Atkinson s work... Atkinson provides a number of arguments for concern over rising inequality within rich countries... Inequality is an important and complex subject ... The book tells this complex story well. ...Atkinson's (book) offers the social democratic response. This debate is just beginning. It will become louder. -- Martin Wolf, Financial Times

"When a giant among UK economists such as Sir Tony Atkinson publishes a book in which he gives prescriptions based on the work of a lifetime, it deserves to be taken very seriously indeed. (The) work is rich in ideas and practical proposals. It is possible to disagree with large parts of his redistributive approach while still finding valuable new approaches and insights in every chapter." -- Standpoint

About the Author

Anthony B. Atkinson is a Fellow of Nuffield College, Oxford, and Centennial Professor at the London School of Economics and Political Science.


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By Hande Z TOP 500 REVIEWER on 23 May 2015
Format: Hardcover
Atkinson takes on a subject that is of great concern to most of us -- the problem of inequality. He distinguishes the inequality that exists within a nation and the inequality among nations, capturing the essence of the causes of each of these types of inequality. This book is partly economics, partly politics, partly sociology, and partly international affairs. It promises much because he is taking an innovative approach to the problem. His main thrust is on the problems arising from distribution. The book is technical and not an easy read for many who are not familiar with economics.

Atkinson’s proposals for action and reform are not merely fiscal or purely political. His appears to be a multi-prong approach and thus merits serious study. In theory, this might have been a nice plan but his proposals may lead one to query the practicality of his views. He has a basic socialist approach in which he advocates greater government action such as creating a national pay policy with minimum wage, a capital endowment paid to all adults, progressive tax, and social insurance, but at the same time he also believes in continued social security contributions. The only problem with his admirable plan in creating a fairer distribution of wealth is that we have first to create sufficient wealth in those countries in which equality has little significance because everyone is mired in poverty. Francois Bourguinon's book, 'The Globalization of Inequality', 2015 Princeton University Press, may be a good companion to Atkinson's book. The stark reality is that good ideas about equality require strong government, but in capitalist countries, a government is as strong as its political base. There are no easy answers.
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By therealus TOP 1000 REVIEWER on 24 Aug. 2015
Format: Hardcover Verified Purchase
Anthony Atkinson’s study of inequality is a worthy and accomplished piece of analysis. The book is divided into three parts, in simple terms the Why, What and How: Why it matters, What can be done and How it can be done, which includes an econometric analysis of costs and benefits of some of his proposals.

Why it matters includes, inter alia, intrinsic and instrumental reasons for concerns about inequality. On the intrinsic side is both a broad idea of justice coupled with a simple statement of economic thought from Hugh Dalton based on the idea of utility: when you transfer a pound from a rich person to a poor person, the poor person’s utility is raised, whereas the rich person’s utility is not lowered, thus raising aggregate utility for society as a whole. On the instrumental side are concerns for outcomes for society as a whole in terms of a lack of social cohesion, increased crime, ill-health and so on. Echoing Thomas Piketty (Capital in the Twenty-First Century) and Francois Bourguignon (The Globalisation of Inequality), Atkinson shows how inequality has grown since the second world war, partly because the institutions that grew out of the social solidarity that the first half of the twentieth century produced have been shrinking in more recent years, probably starting from the elections of Thatcher and Reagan.

In the second section Atkinson puts forward fifteen proposals for action, plus five ideas to pursue. These include adoption of policies aimed at boosting technological advancement, reducing unemployment and assuring workers are paid a wage commensurate with maintaining a decent standard of living. Some are radical, some look like proposals that have already been on the table. Atkinson accepts that none is straightforward and discusses some potential issues.
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Format: Hardcover Verified Purchase
Four stars rather than five just because I don't have training/education in economics so that makes some of it a little hard going here and there. But an immensely important book about a critically important aspect of modern western societies (inequality!). Just shows how things can be done to rectify this. A higher top tax rate, a return to "earned income relief" (you might not have heard about that if your life is all post-1970s!) - those are easy starts, and there are a number of other ideas in here. (I really don't want any comments on here about the current myth about how putting up the tax rate destroys incentive to work and makes everybody emigrate to lower tax regimes - they pay a damn sight more tax in Scandinavia for damn sight better social infrastructure, and I haven't noticed every single business leaving Scandinavian countries for the "paradises" of England or the USA, or the Scandinavian economies and societies collapsing because everybody has to pay "more tax".)
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Format: Hardcover
The book describes the development of inequality over the last hundert years. It tries to explain the rise and decline in the distribution on inequality. The decline in inequality in the distribution from world war two to the eighties of the last century gives us a little hope that the scissor in unequality narrows. After that period unequality rises again. Atkinson gives the theme quality to it. I think it is better than the book by Mr. Piketty. The book turns more to the labor market and technological change to explain the mechanism how the rich gets richer. He tries to give proposals to social policy and welfare economics.
Inequality can be described as a matter of opportunity, income or consumer spending. The inequality of income is developed in most concepts. The strength of this book is the structure of analyzing the data, given advices to economic policy and political advice. The factors of unequality are discussed, the major institutions and the influences to the concept.
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