Inequality, Economic Growth and Business Decision-Making:
This book explores the relationship between rising inequality of income and wealth on the one hand and a slowdown in the rate of economic growth on the other. It also explains the role of business managers in the private sector of the economy and the value of socially optimal decisions
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Oxford
Taylor & Francis Group
2024
|
| Ausgabe: | 1st ed |
| Schriftenreihe: | Routledge Focus on Management and Society Series
|
| Schlagworte: | |
| Online-Zugang: | DE-2070s |
| Zusammenfassung: | This book explores the relationship between rising inequality of income and wealth on the one hand and a slowdown in the rate of economic growth on the other. It also explains the role of business managers in the private sector of the economy and the value of socially optimal decisions |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Beschreibung: | 1 Online-Ressource (129 Seiten) |
| ISBN: | 9781040134962 |
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| 505 | 8 | |a Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Dedication Page -- Table of Contents -- List of Tables -- Preface -- List of Abbreviations -- Chapter 1: Prologue -- 1.1 Introduction: The basic agenda -- 1.1.1 Inequality -- 1.1.2 Economic growth -- 1.1.3 The role of business decision-making -- 1.2 Economic growth and business profits -- 1.3 Preview of the rest of the book -- 1.4 Conclusion -- Notes -- References -- Chapter 2: Inequality: The salient facts -- 2.1 Introduction -- 2.2 The global scenario -- 2.2.1 Decreasing income inequality between countries in recent decades -- 2.2.2 Increasing income inequality within countries -- 2.2.2.1 Studies based on the Gini index -- 2.2.2.2 Studies based on income shares -- 2.2.3 Increasing global inequality of income -- 2.2.4 Global trends in wealth inequality -- 2.2.4.1 Trend of the wealth Gini -- 2.2.4.2 Trend of wealth shares -- 2.3 The Indian scenario -- 2.3.1 Trend of consumption inequality -- 2.3.2 Trend of income inequality -- 2.3.3 Trend of wealth inequality -- 2.4 Conclusion -- Notes -- References -- Chapter 3: Inequality and sluggish economic growth: A vicious circle -- 3.1 Introduction -- 3.2 Inequality and economic growth in a supply-constrained economy -- 3.2.1 Supply-constrained and demand-constrained economies -- 3.2.2 The importance of investment -- 3.2.3 Effect of inequality on economic growth -- 3.2.3.1 Credit market imperfections -- 3.2.3.2 Socio-political instability -- 3.2.3.3 Differential fertility -- 3.2.3.4 Political economy approach: Application of the median voter theorem -- 3.2.3.5 Dissenting view: Positive effect of inequality on economic growth -- 3.2.3.6 What do the data say? -- 3.2.4 Effect of economic growth on inequality -- 3.2.4.1 The Kuznets curve: A digression | |
| 505 | 8 | |a 3.2.4.2 Piketty's theory of inequality, the rate of return on capital and the growth rate -- 3.2.5 A vicious circle -- 3.3 Inequality and economic growth in a demand-constrained economy -- 3.3.1 Effect of inequality on growth -- 3.3.2 The effect of growth on inequality -- 3.4 Conclusion -- Notes -- References -- Chapter 4: The long-run sustainability of profits -- 4.1 Introduction -- 4.2 Profit maximisation: The long run versus the short -- 4.2.1 Self-interest and the interests of the society: The First Theorem of Welfare Economics -- 4.2.2 Short- and long-run profits -- 4.2.3 Factor productivity and the supply-constrained economy: The non-labour factors -- 4.3 Labour productivity, wages and inequality -- 4.3.1 Effect of the wage rate on labour productivity: Brassey's Law -- 4.3.2 Weak effect of labour productivity on wage: The Indian case -- 4.3.3 The positive effect of economic growth on firm performance -- 4.3.4 Business firms' concern: Profits, not the share of profits in GDP -- 4.4 Conclusion -- Notes -- References -- Chapter 5: Individual rationality versus group rationality -- 5.1 Introduction -- 5.2 A demand-constrained economy with a few large producers: Prisoner's Dilemma -- 5.2.1 The Prisoner's Dilemma game -- 5.2.2 Outsourcing and the fissured labour market -- 5.2.3 To outsource or not to outsource, that is the question -- 5.3 Demand-constrained economy with a large number of independent firms -- 5.4 Conclusion -- Notes -- References -- Chapter 6: Epilogue -- 6.1 Introduction -- 6.2 Two megathreats -- 6.2.1 Global warming -- 6.2.2 Artificial intelligence: The gig economy -- 6.2.2.1 Technological progress and labour displacement -- 6.2.2.2 Digital platforms: The gig economy -- 6.2.2.3 Artificial intelligence -- 6.3 Corporate social responsibility -- 6.4 Public actions to motivate optimal business decision-making | |
| 505 | 8 | |a 6.4.1 Management education -- 6.4.2 The role of management associations -- 6.4.3 Investor groups -- 6.4.4 Need for investor activism in India -- 6.4.5 Need for a broader coalition: Government, the civil society and international agencies -- 6.5 The debate over "woke capitalism" -- 6.6 Concluding remarks -- Notes -- References -- Index | |
| 520 | |a This book explores the relationship between rising inequality of income and wealth on the one hand and a slowdown in the rate of economic growth on the other. It also explains the role of business managers in the private sector of the economy and the value of socially optimal decisions | ||
| 650 | 4 | |a Economic development | |
| 650 | 4 | |a Economic policy | |
| 650 | 4 | |a Income distribution | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Banerjee, Asis Kumar |t Inequality, Economic Growth and Business Decision-Making |d Oxford : Taylor & Francis Group,c2024 |z 9781032707068 |
| 912 | |a ZDB-30-PQE | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-035216158 | |
| 966 | e | |u https://ebookcentral.proquest.com/lib/hwr/detail.action?docID=31467946 |l DE-2070s |p ZDB-30-PQE |q HWR_PDA_PQE |x Aggregator |3 Volltext | |
Datensatz im Suchindex
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| author | Banerjee, Asis Kumar |
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| contents | Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Dedication Page -- Table of Contents -- List of Tables -- Preface -- List of Abbreviations -- Chapter 1: Prologue -- 1.1 Introduction: The basic agenda -- 1.1.1 Inequality -- 1.1.2 Economic growth -- 1.1.3 The role of business decision-making -- 1.2 Economic growth and business profits -- 1.3 Preview of the rest of the book -- 1.4 Conclusion -- Notes -- References -- Chapter 2: Inequality: The salient facts -- 2.1 Introduction -- 2.2 The global scenario -- 2.2.1 Decreasing income inequality between countries in recent decades -- 2.2.2 Increasing income inequality within countries -- 2.2.2.1 Studies based on the Gini index -- 2.2.2.2 Studies based on income shares -- 2.2.3 Increasing global inequality of income -- 2.2.4 Global trends in wealth inequality -- 2.2.4.1 Trend of the wealth Gini -- 2.2.4.2 Trend of wealth shares -- 2.3 The Indian scenario -- 2.3.1 Trend of consumption inequality -- 2.3.2 Trend of income inequality -- 2.3.3 Trend of wealth inequality -- 2.4 Conclusion -- Notes -- References -- Chapter 3: Inequality and sluggish economic growth: A vicious circle -- 3.1 Introduction -- 3.2 Inequality and economic growth in a supply-constrained economy -- 3.2.1 Supply-constrained and demand-constrained economies -- 3.2.2 The importance of investment -- 3.2.3 Effect of inequality on economic growth -- 3.2.3.1 Credit market imperfections -- 3.2.3.2 Socio-political instability -- 3.2.3.3 Differential fertility -- 3.2.3.4 Political economy approach: Application of the median voter theorem -- 3.2.3.5 Dissenting view: Positive effect of inequality on economic growth -- 3.2.3.6 What do the data say? -- 3.2.4 Effect of economic growth on inequality -- 3.2.4.1 The Kuznets curve: A digression 3.2.4.2 Piketty's theory of inequality, the rate of return on capital and the growth rate -- 3.2.5 A vicious circle -- 3.3 Inequality and economic growth in a demand-constrained economy -- 3.3.1 Effect of inequality on growth -- 3.3.2 The effect of growth on inequality -- 3.4 Conclusion -- Notes -- References -- Chapter 4: The long-run sustainability of profits -- 4.1 Introduction -- 4.2 Profit maximisation: The long run versus the short -- 4.2.1 Self-interest and the interests of the society: The First Theorem of Welfare Economics -- 4.2.2 Short- and long-run profits -- 4.2.3 Factor productivity and the supply-constrained economy: The non-labour factors -- 4.3 Labour productivity, wages and inequality -- 4.3.1 Effect of the wage rate on labour productivity: Brassey's Law -- 4.3.2 Weak effect of labour productivity on wage: The Indian case -- 4.3.3 The positive effect of economic growth on firm performance -- 4.3.4 Business firms' concern: Profits, not the share of profits in GDP -- 4.4 Conclusion -- Notes -- References -- Chapter 5: Individual rationality versus group rationality -- 5.1 Introduction -- 5.2 A demand-constrained economy with a few large producers: Prisoner's Dilemma -- 5.2.1 The Prisoner's Dilemma game -- 5.2.2 Outsourcing and the fissured labour market -- 5.2.3 To outsource or not to outsource, that is the question -- 5.3 Demand-constrained economy with a large number of independent firms -- 5.4 Conclusion -- Notes -- References -- Chapter 6: Epilogue -- 6.1 Introduction -- 6.2 Two megathreats -- 6.2.1 Global warming -- 6.2.2 Artificial intelligence: The gig economy -- 6.2.2.1 Technological progress and labour displacement -- 6.2.2.2 Digital platforms: The gig economy -- 6.2.2.3 Artificial intelligence -- 6.3 Corporate social responsibility -- 6.4 Public actions to motivate optimal business decision-making 6.4.1 Management education -- 6.4.2 The role of management associations -- 6.4.3 Investor groups -- 6.4.4 Need for investor activism in India -- 6.4.5 Need for a broader coalition: Government, the civil society and international agencies -- 6.5 The debate over "woke capitalism" -- 6.6 Concluding remarks -- Notes -- References -- Index |
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| dewey-full | 338.95 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
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| dewey-search | 338.95 |
| dewey-sort | 3338.95 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1st ed |
| format | Electronic eBook |
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| id | DE-604.BV049876708 |
| illustrated | Not Illustrated |
| indexdate | 2024-09-20T04:22:18Z |
| institution | BVB |
| isbn | 9781040134962 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-035216158 |
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| series2 | Routledge Focus on Management and Society Series |
| spelling | Banerjee, Asis Kumar Verfasser aut Inequality, Economic Growth and Business Decision-Making 1st ed Oxford Taylor & Francis Group 2024 ©2025 1 Online-Ressource (129 Seiten) txt rdacontent c rdamedia cr rdacarrier Routledge Focus on Management and Society Series Description based on publisher supplied metadata and other sources Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Dedication Page -- Table of Contents -- List of Tables -- Preface -- List of Abbreviations -- Chapter 1: Prologue -- 1.1 Introduction: The basic agenda -- 1.1.1 Inequality -- 1.1.2 Economic growth -- 1.1.3 The role of business decision-making -- 1.2 Economic growth and business profits -- 1.3 Preview of the rest of the book -- 1.4 Conclusion -- Notes -- References -- Chapter 2: Inequality: The salient facts -- 2.1 Introduction -- 2.2 The global scenario -- 2.2.1 Decreasing income inequality between countries in recent decades -- 2.2.2 Increasing income inequality within countries -- 2.2.2.1 Studies based on the Gini index -- 2.2.2.2 Studies based on income shares -- 2.2.3 Increasing global inequality of income -- 2.2.4 Global trends in wealth inequality -- 2.2.4.1 Trend of the wealth Gini -- 2.2.4.2 Trend of wealth shares -- 2.3 The Indian scenario -- 2.3.1 Trend of consumption inequality -- 2.3.2 Trend of income inequality -- 2.3.3 Trend of wealth inequality -- 2.4 Conclusion -- Notes -- References -- Chapter 3: Inequality and sluggish economic growth: A vicious circle -- 3.1 Introduction -- 3.2 Inequality and economic growth in a supply-constrained economy -- 3.2.1 Supply-constrained and demand-constrained economies -- 3.2.2 The importance of investment -- 3.2.3 Effect of inequality on economic growth -- 3.2.3.1 Credit market imperfections -- 3.2.3.2 Socio-political instability -- 3.2.3.3 Differential fertility -- 3.2.3.4 Political economy approach: Application of the median voter theorem -- 3.2.3.5 Dissenting view: Positive effect of inequality on economic growth -- 3.2.3.6 What do the data say? -- 3.2.4 Effect of economic growth on inequality -- 3.2.4.1 The Kuznets curve: A digression 3.2.4.2 Piketty's theory of inequality, the rate of return on capital and the growth rate -- 3.2.5 A vicious circle -- 3.3 Inequality and economic growth in a demand-constrained economy -- 3.3.1 Effect of inequality on growth -- 3.3.2 The effect of growth on inequality -- 3.4 Conclusion -- Notes -- References -- Chapter 4: The long-run sustainability of profits -- 4.1 Introduction -- 4.2 Profit maximisation: The long run versus the short -- 4.2.1 Self-interest and the interests of the society: The First Theorem of Welfare Economics -- 4.2.2 Short- and long-run profits -- 4.2.3 Factor productivity and the supply-constrained economy: The non-labour factors -- 4.3 Labour productivity, wages and inequality -- 4.3.1 Effect of the wage rate on labour productivity: Brassey's Law -- 4.3.2 Weak effect of labour productivity on wage: The Indian case -- 4.3.3 The positive effect of economic growth on firm performance -- 4.3.4 Business firms' concern: Profits, not the share of profits in GDP -- 4.4 Conclusion -- Notes -- References -- Chapter 5: Individual rationality versus group rationality -- 5.1 Introduction -- 5.2 A demand-constrained economy with a few large producers: Prisoner's Dilemma -- 5.2.1 The Prisoner's Dilemma game -- 5.2.2 Outsourcing and the fissured labour market -- 5.2.3 To outsource or not to outsource, that is the question -- 5.3 Demand-constrained economy with a large number of independent firms -- 5.4 Conclusion -- Notes -- References -- Chapter 6: Epilogue -- 6.1 Introduction -- 6.2 Two megathreats -- 6.2.1 Global warming -- 6.2.2 Artificial intelligence: The gig economy -- 6.2.2.1 Technological progress and labour displacement -- 6.2.2.2 Digital platforms: The gig economy -- 6.2.2.3 Artificial intelligence -- 6.3 Corporate social responsibility -- 6.4 Public actions to motivate optimal business decision-making 6.4.1 Management education -- 6.4.2 The role of management associations -- 6.4.3 Investor groups -- 6.4.4 Need for investor activism in India -- 6.4.5 Need for a broader coalition: Government, the civil society and international agencies -- 6.5 The debate over "woke capitalism" -- 6.6 Concluding remarks -- Notes -- References -- Index This book explores the relationship between rising inequality of income and wealth on the one hand and a slowdown in the rate of economic growth on the other. It also explains the role of business managers in the private sector of the economy and the value of socially optimal decisions Economic development Economic policy Income distribution Erscheint auch als Druck-Ausgabe Banerjee, Asis Kumar Inequality, Economic Growth and Business Decision-Making Oxford : Taylor & Francis Group,c2024 9781032707068 |
| spellingShingle | Banerjee, Asis Kumar Inequality, Economic Growth and Business Decision-Making Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Dedication Page -- Table of Contents -- List of Tables -- Preface -- List of Abbreviations -- Chapter 1: Prologue -- 1.1 Introduction: The basic agenda -- 1.1.1 Inequality -- 1.1.2 Economic growth -- 1.1.3 The role of business decision-making -- 1.2 Economic growth and business profits -- 1.3 Preview of the rest of the book -- 1.4 Conclusion -- Notes -- References -- Chapter 2: Inequality: The salient facts -- 2.1 Introduction -- 2.2 The global scenario -- 2.2.1 Decreasing income inequality between countries in recent decades -- 2.2.2 Increasing income inequality within countries -- 2.2.2.1 Studies based on the Gini index -- 2.2.2.2 Studies based on income shares -- 2.2.3 Increasing global inequality of income -- 2.2.4 Global trends in wealth inequality -- 2.2.4.1 Trend of the wealth Gini -- 2.2.4.2 Trend of wealth shares -- 2.3 The Indian scenario -- 2.3.1 Trend of consumption inequality -- 2.3.2 Trend of income inequality -- 2.3.3 Trend of wealth inequality -- 2.4 Conclusion -- Notes -- References -- Chapter 3: Inequality and sluggish economic growth: A vicious circle -- 3.1 Introduction -- 3.2 Inequality and economic growth in a supply-constrained economy -- 3.2.1 Supply-constrained and demand-constrained economies -- 3.2.2 The importance of investment -- 3.2.3 Effect of inequality on economic growth -- 3.2.3.1 Credit market imperfections -- 3.2.3.2 Socio-political instability -- 3.2.3.3 Differential fertility -- 3.2.3.4 Political economy approach: Application of the median voter theorem -- 3.2.3.5 Dissenting view: Positive effect of inequality on economic growth -- 3.2.3.6 What do the data say? -- 3.2.4 Effect of economic growth on inequality -- 3.2.4.1 The Kuznets curve: A digression 3.2.4.2 Piketty's theory of inequality, the rate of return on capital and the growth rate -- 3.2.5 A vicious circle -- 3.3 Inequality and economic growth in a demand-constrained economy -- 3.3.1 Effect of inequality on growth -- 3.3.2 The effect of growth on inequality -- 3.4 Conclusion -- Notes -- References -- Chapter 4: The long-run sustainability of profits -- 4.1 Introduction -- 4.2 Profit maximisation: The long run versus the short -- 4.2.1 Self-interest and the interests of the society: The First Theorem of Welfare Economics -- 4.2.2 Short- and long-run profits -- 4.2.3 Factor productivity and the supply-constrained economy: The non-labour factors -- 4.3 Labour productivity, wages and inequality -- 4.3.1 Effect of the wage rate on labour productivity: Brassey's Law -- 4.3.2 Weak effect of labour productivity on wage: The Indian case -- 4.3.3 The positive effect of economic growth on firm performance -- 4.3.4 Business firms' concern: Profits, not the share of profits in GDP -- 4.4 Conclusion -- Notes -- References -- Chapter 5: Individual rationality versus group rationality -- 5.1 Introduction -- 5.2 A demand-constrained economy with a few large producers: Prisoner's Dilemma -- 5.2.1 The Prisoner's Dilemma game -- 5.2.2 Outsourcing and the fissured labour market -- 5.2.3 To outsource or not to outsource, that is the question -- 5.3 Demand-constrained economy with a large number of independent firms -- 5.4 Conclusion -- Notes -- References -- Chapter 6: Epilogue -- 6.1 Introduction -- 6.2 Two megathreats -- 6.2.1 Global warming -- 6.2.2 Artificial intelligence: The gig economy -- 6.2.2.1 Technological progress and labour displacement -- 6.2.2.2 Digital platforms: The gig economy -- 6.2.2.3 Artificial intelligence -- 6.3 Corporate social responsibility -- 6.4 Public actions to motivate optimal business decision-making 6.4.1 Management education -- 6.4.2 The role of management associations -- 6.4.3 Investor groups -- 6.4.4 Need for investor activism in India -- 6.4.5 Need for a broader coalition: Government, the civil society and international agencies -- 6.5 The debate over "woke capitalism" -- 6.6 Concluding remarks -- Notes -- References -- Index Economic development Economic policy Income distribution |
| title | Inequality, Economic Growth and Business Decision-Making |
| title_auth | Inequality, Economic Growth and Business Decision-Making |
| title_exact_search | Inequality, Economic Growth and Business Decision-Making |
| title_full | Inequality, Economic Growth and Business Decision-Making |
| title_fullStr | Inequality, Economic Growth and Business Decision-Making |
| title_full_unstemmed | Inequality, Economic Growth and Business Decision-Making |
| title_short | Inequality, Economic Growth and Business Decision-Making |
| title_sort | inequality economic growth and business decision making |
| topic | Economic development Economic policy Income distribution |
| topic_facet | Economic development Economic policy Income distribution |
| work_keys_str_mv | AT banerjeeasiskumar inequalityeconomicgrowthandbusinessdecisionmaking |