The returns to power: a political theory of economic inequality
"The Returns to Power: A Political Theory of Economic Inequality argues that to understand why economic inequality in the United States is so high and is increasing, we must examine the policy choices made over the past four decades. Employing an unconventional comparative framework, the book s...
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
New York, NY
Oxford University Press
[2023]
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Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Zusammenfassung: | "The Returns to Power: A Political Theory of Economic Inequality argues that to understand why economic inequality in the United States is so high and is increasing, we must examine the policy choices made over the past four decades. Employing an unconventional comparative framework, the book shows how the market-oriented reforms in Russia and China after they dismantled their planned economic systems shed light on the causes and consequences of the recent surge of inequality in the US. The book also discusses post-World War II Germany, where the reconstruction of the war-oriented, centrally-controlled Nazi economy created a market system that provides widely shared prosperity, high growth, and robust democracy. The book details income and wealth inequality in the US across multiple dimensions. It explains why rent-seeking fuels a self-reinforcing alliance between wealthy economic interests and government. It shows how inequality contributes to political polarization and extremism, undermining democracy. Finally, it proposes a new conception of economic and political liberalism"-- |
Beschreibung: | x, 418 Seiten Diagramme 25 cm |
ISBN: | 9780197685969 9780197685952 |
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520 | 3 | |a "The Returns to Power: A Political Theory of Economic Inequality argues that to understand why economic inequality in the United States is so high and is increasing, we must examine the policy choices made over the past four decades. Employing an unconventional comparative framework, the book shows how the market-oriented reforms in Russia and China after they dismantled their planned economic systems shed light on the causes and consequences of the recent surge of inequality in the US. The book also discusses post-World War II Germany, where the reconstruction of the war-oriented, centrally-controlled Nazi economy created a market system that provides widely shared prosperity, high growth, and robust democracy. The book details income and wealth inequality in the US across multiple dimensions. It explains why rent-seeking fuels a self-reinforcing alliance between wealthy economic interests and government. It shows how inequality contributes to political polarization and extremism, undermining democracy. Finally, it proposes a new conception of economic and political liberalism"-- | |
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Datensatz im Suchindex
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---|---|
adam_text | CONTENTS Acknowledgments ix 1. The Threat to Democracy i 2. Growing Apart: Trends in the Distribution of Income and Wealth 2.1. THE INTERPLAY OF POLITICS AND ECONOMICS 13 2.2. GRASPING INEQUALITY 17 2.3. DENYING, DEFENDING, AND DEFLECTING INEQUALITY 22 2.4. MEASURING INEQUALITY 34 2.4.1. The Gini Coefficient 34 2.4.2. Incomes at the Top 37 2.5. HIDDEN INCOMES 48 2.6. SPATIAL INEQUALITY 50 3. The Theory of Economic Rents 57 3.1. DEFINING RENTS 57 3.2. THOUGHT EXPERIMENTS 63 3.3. LIBERAL THEORY AND ECONOMIC RENTS 65 3.4. THE DEMISE OF ANTITRUST 71 3.5. BRINGING IN POLITICS 74 3.6. MEASURING THE SCALE OF RENTS IN THE ECONOMY 76 3.7. CONCLUSION 83 4. Rents and Market Reform 85 4.1. DEREGULATION, COMPETITION, AND CONCENTRATION 86 4.2. TAX CUTS 93 13
CONTENTS vi 4.3. RELAXATION OF ANTITRUST ENFORCEMENT 101 4.4. LABOR RIGHTS 103 4.5. PRIVATIZATION OF SOCIAL PROTECTION 106 4.6. MARKET POWER IN HEALTHCARE 110 4.7. CONCLUSION 117 5. The Union ofWealth and Power 119 5.1. DEMOCRACY AND POLITICAL EQUALITY 119 5.1.1. Early Winners 121 5.1.2. The Ascendancy of Corporate Power in the United States 5.1.3. The Rights of Corporations 131 5.2. PRIVATIZATION OF PUBLIC GOODS 140 5.2.1. Education 141 5.2.2. The News Industry 144 5.2.3. Criminal Justice 148 5.3. CONCLUSION: LABELING THE UNION OF WEALTH AND POWER 153 6. Financialization, Rents, and Inequality 159 6.1. FINANCE AND RENTS 159 6.2. FINANCIALIZATION 165 6.3. PRIVATIZING PROFITS, SOCIALIZING RISK 172 6.4. POLITICAL INFLUENCE 177 6.5. FINANCE AND INEQUALITY 181 6.6. CONCLUSIONS 185 7. Autocracy and Oligarchy in Russia 187 7.1. THE POLITICAL ECONOMY OF THE PUTIN REGIME 187 7.2. ECONOMIC TRANSITION IN RUSSIA 191 7.2.1. Shock Therapy 193 7.2.2. Privatization 197 7.2.3. Voucher Privatization 199 7.2.4. Formation of the Alliance ofWealth and Power 7.3. PUTIN AND THE NEW RULES OF THE GAME 203 7.4. COMPETITION, CONCENTRATION, AND RENTS 207 7.5. RETURN TO THE MOBILIZATION REGIME 214 201 125
vii CONTENTS 8. Market Transition and Inequality in China 220 8.1. RENTS AND THE DUAL ECONOMY 220 8.1.1. Liberalization 220 8.1.2. Cronyism, Localism, and Corruption 224 8.2. MARKET POWER AND INEQUALITY IN CHINA 229 8.3. INCOME GROWTH AND INEQUALITY 232 8.4. SPATIAL INEQUALITY 233 8.5. GOVERNMENT POLICY RESPONSES TO INEQUALITY 238 8.6. STRANGLED DEMOCRATIZATION 244 9. The Social Market Economy in Germany 249 9.1. PROSPERITY FOR ALL? 250 9.2. THE SOCIAL MARKET ECONOMY PARADIGM 255 9.3. THE ORDOLIBERAL CONTRIBUTION 259 9.4. LUDWIG ERHARD AND THE “ECONOMIC MIRACLE” 264 9.5. EVOLUTION OF SOCIAL POLICY 271 9.6. UNIFICATION 276 9.7. HOW STABLE IS THE GERMAN SYSTEM? 279 9.8. RECKONING WITH HISTORY 290 10. Necessary Opportunities 294 10.1. THE CHALLENGE OF POLITICAL EQUALITY 294 10.2. IDEOLOGIES AND COLLECTIVE SELF-INTEREST 298 10.3. POLARIZATION AND EXTREMISM 303 10.3.1. Geographic Sorting 304 10.3.2. Sociopolitical Sorting յօտ 10.4. NECESSARY OPPORTUNITIES 315 Notes Index 325 413
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adam_txt |
CONTENTS Acknowledgments ix 1. The Threat to Democracy i 2. Growing Apart: Trends in the Distribution of Income and Wealth 2.1. THE INTERPLAY OF POLITICS AND ECONOMICS 13 2.2. GRASPING INEQUALITY 17 2.3. DENYING, DEFENDING, AND DEFLECTING INEQUALITY 22 2.4. MEASURING INEQUALITY 34 2.4.1. The Gini Coefficient 34 2.4.2. Incomes at the Top 37 2.5. HIDDEN INCOMES 48 2.6. SPATIAL INEQUALITY 50 3. The Theory of Economic Rents 57 3.1. DEFINING RENTS 57 3.2. THOUGHT EXPERIMENTS 63 3.3. LIBERAL THEORY AND ECONOMIC RENTS 65 3.4. THE DEMISE OF ANTITRUST 71 3.5. BRINGING IN POLITICS 74 3.6. MEASURING THE SCALE OF RENTS IN THE ECONOMY 76 3.7. CONCLUSION 83 4. Rents and Market Reform 85 4.1. DEREGULATION, COMPETITION, AND CONCENTRATION 86 4.2. TAX CUTS 93 13
CONTENTS vi 4.3. RELAXATION OF ANTITRUST ENFORCEMENT 101 4.4. LABOR RIGHTS 103 4.5. PRIVATIZATION OF SOCIAL PROTECTION 106 4.6. MARKET POWER IN HEALTHCARE 110 4.7. CONCLUSION 117 5. The Union ofWealth and Power 119 5.1. DEMOCRACY AND POLITICAL EQUALITY 119 5.1.1. Early Winners 121 5.1.2. The Ascendancy of Corporate Power in the United States 5.1.3. The Rights of Corporations 131 5.2. PRIVATIZATION OF PUBLIC GOODS 140 5.2.1. Education 141 5.2.2. The News Industry 144 5.2.3. Criminal Justice 148 5.3. CONCLUSION: LABELING THE UNION OF WEALTH AND POWER 153 6. Financialization, Rents, and Inequality 159 6.1. FINANCE AND RENTS 159 6.2. FINANCIALIZATION 165 6.3. PRIVATIZING PROFITS, SOCIALIZING RISK 172 6.4. POLITICAL INFLUENCE 177 6.5. FINANCE AND INEQUALITY 181 6.6. CONCLUSIONS 185 7. Autocracy and Oligarchy in Russia 187 7.1. THE POLITICAL ECONOMY OF THE PUTIN REGIME 187 7.2. ECONOMIC TRANSITION IN RUSSIA 191 7.2.1. Shock Therapy 193 7.2.2. Privatization 197 7.2.3. Voucher Privatization 199 7.2.4. Formation of the Alliance ofWealth and Power 7.3. PUTIN AND THE NEW RULES OF THE GAME 203 7.4. COMPETITION, CONCENTRATION, AND RENTS 207 7.5. RETURN TO THE MOBILIZATION REGIME 214 201 125
vii CONTENTS 8. Market Transition and Inequality in China 220 8.1. RENTS AND THE DUAL ECONOMY 220 8.1.1. Liberalization 220 8.1.2. Cronyism, Localism, and Corruption 224 8.2. MARKET POWER AND INEQUALITY IN CHINA 229 8.3. INCOME GROWTH AND INEQUALITY 232 8.4. SPATIAL INEQUALITY 233 8.5. GOVERNMENT POLICY RESPONSES TO INEQUALITY 238 8.6. STRANGLED DEMOCRATIZATION 244 9. The Social Market Economy in Germany 249 9.1. PROSPERITY FOR ALL? 250 9.2. THE SOCIAL MARKET ECONOMY PARADIGM 255 9.3. THE ORDOLIBERAL CONTRIBUTION 259 9.4. LUDWIG ERHARD AND THE “ECONOMIC MIRACLE” 264 9.5. EVOLUTION OF SOCIAL POLICY 271 9.6. UNIFICATION 276 9.7. HOW STABLE IS THE GERMAN SYSTEM? 279 9.8. RECKONING WITH HISTORY 290 10. Necessary Opportunities 294 10.1. THE CHALLENGE OF POLITICAL EQUALITY 294 10.2. IDEOLOGIES AND COLLECTIVE SELF-INTEREST 298 10.3. POLARIZATION AND EXTREMISM 303 10.3.1. Geographic Sorting 304 10.3.2. Sociopolitical Sorting յօտ 10.4. NECESSARY OPPORTUNITIES 315 Notes Index 325 413 |
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any_adam_object_boolean | 1 |
author | Remington, Thomas F. 1948- |
author_GND | (DE-588)124045235 |
author_facet | Remington, Thomas F. 1948- |
author_role | aut |
author_sort | Remington, Thomas F. 1948- |
author_variant | t f r tf tfr |
building | Verbundindex |
bvnumber | BV049073716 |
classification_rvk | MG 70020 MG 70010 MK 8500 QX 200 |
ctrlnum | (OCoLC)1398607042 (DE-599)BVBBV049073716 |
discipline | Politologie Wirtschaftswissenschaften |
discipline_str_mv | Politologie Wirtschaftswissenschaften |
format | Book |
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oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034335609 |
oclc_num | 1398607042 |
open_access_boolean | |
owner | DE-11 DE-355 DE-BY-UBR DE-188 |
owner_facet | DE-11 DE-355 DE-BY-UBR DE-188 |
physical | x, 418 Seiten Diagramme 25 cm |
publishDate | 2023 |
publishDateSearch | 2023 |
publishDateSort | 2023 |
publisher | Oxford University Press |
record_format | marc |
spelling | Remington, Thomas F. 1948- Verfasser (DE-588)124045235 aut The returns to power a political theory of economic inequality Thomas F. Remington New York, NY Oxford University Press [2023] x, 418 Seiten Diagramme 25 cm txt rdacontent n rdamedia nc rdacarrier "The Returns to Power: A Political Theory of Economic Inequality argues that to understand why economic inequality in the United States is so high and is increasing, we must examine the policy choices made over the past four decades. Employing an unconventional comparative framework, the book shows how the market-oriented reforms in Russia and China after they dismantled their planned economic systems shed light on the causes and consequences of the recent surge of inequality in the US. The book also discusses post-World War II Germany, where the reconstruction of the war-oriented, centrally-controlled Nazi economy created a market system that provides widely shared prosperity, high growth, and robust democracy. The book details income and wealth inequality in the US across multiple dimensions. It explains why rent-seeking fuels a self-reinforcing alliance between wealthy economic interests and government. It shows how inequality contributes to political polarization and extremism, undermining democracy. Finally, it proposes a new conception of economic and political liberalism"-- Einkommensverteilung (DE-588)4013898-7 gnd rswk-swf Politische Ökonomie (DE-588)4115586-5 gnd rswk-swf Vermögensverteilung (DE-588)4063086-9 gnd rswk-swf Soziale Ungleichheit (DE-588)4055736-4 gnd rswk-swf China (DE-588)4009937-4 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf Russland (DE-588)4076899-5 gnd rswk-swf Income distribution / United States Equality / United States Equality / Russia (Federation) Equality / China United States / Economic policy / 21st century Russia (Federation) / Economic policy / 21st century China / Economic policy / 2000- Power (Social sciences) / Case studies Economic policy Equality Income distribution Power (Social sciences) China Russia (Federation) United States 2000-2099 Case studies Deutschland (DE-588)4011882-4 g USA (DE-588)4078704-7 g Russland (DE-588)4076899-5 g China (DE-588)4009937-4 g Soziale Ungleichheit (DE-588)4055736-4 s Vermögensverteilung (DE-588)4063086-9 s Einkommensverteilung (DE-588)4013898-7 s Politische Ökonomie (DE-588)4115586-5 s b DE-604 Erscheint auch als Remington, Thomas F. Returns to power Online-Ausgabe, EPUB 978-0-19-768597-6 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=034335609&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Remington, Thomas F. 1948- The returns to power a political theory of economic inequality Einkommensverteilung (DE-588)4013898-7 gnd Politische Ökonomie (DE-588)4115586-5 gnd Vermögensverteilung (DE-588)4063086-9 gnd Soziale Ungleichheit (DE-588)4055736-4 gnd |
subject_GND | (DE-588)4013898-7 (DE-588)4115586-5 (DE-588)4063086-9 (DE-588)4055736-4 (DE-588)4009937-4 (DE-588)4078704-7 (DE-588)4011882-4 (DE-588)4076899-5 |
title | The returns to power a political theory of economic inequality |
title_auth | The returns to power a political theory of economic inequality |
title_exact_search | The returns to power a political theory of economic inequality |
title_exact_search_txtP | The returns to power a political theory of economic inequality |
title_full | The returns to power a political theory of economic inequality Thomas F. Remington |
title_fullStr | The returns to power a political theory of economic inequality Thomas F. Remington |
title_full_unstemmed | The returns to power a political theory of economic inequality Thomas F. Remington |
title_short | The returns to power |
title_sort | the returns to power a political theory of economic inequality |
title_sub | a political theory of economic inequality |
topic | Einkommensverteilung (DE-588)4013898-7 gnd Politische Ökonomie (DE-588)4115586-5 gnd Vermögensverteilung (DE-588)4063086-9 gnd Soziale Ungleichheit (DE-588)4055736-4 gnd |
topic_facet | Einkommensverteilung Politische Ökonomie Vermögensverteilung Soziale Ungleichheit China USA Deutschland Russland |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=034335609&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT remingtonthomasf thereturnstopowerapoliticaltheoryofeconomicinequality |