The captured economy :: how the powerful enrich themselves, slow down growth, and increase inequality /
"For years, America has been plagued by slow economic growth and increasing inequality. Yet economists have long taught that there is a tradeoff between equity and efficiency-that is, between making a bigger pie and dividing it more fairly. That is why our current predicament is so puzzling: to...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York, NY :
Oxford University Press,
[2017]
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "For years, America has been plagued by slow economic growth and increasing inequality. Yet economists have long taught that there is a tradeoff between equity and efficiency-that is, between making a bigger pie and dividing it more fairly. That is why our current predicament is so puzzling: today, we are faced with both a stagnating economy and sky-high inequality. In The Captured Economy, Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit. They document the proliferation of regressive regulations that redistribute wealth and income up the economic scale while stifling entrepreneurship and innovation. When the state entrenches privilege by subverting market competition, the tradeoff between equity and efficiency no longer holds. Over the past four decades, new regulatory barriers have worked to shield the powerful from the rigors of competition, thereby inflating their incomes-sometimes to an extravagant degree. Lindsey and Teles detail four of the most important cases: subsidies for the financial sector's excessive risk taking, overprotection of copyrights and patents, favoritism toward incumbent businesses through occupational licensing schemes, and the NIMBY-led escalation of land use controls that drive up rents for everyone else. Freeing the economy from regressive regulatory capture will be difficult. Lindsey and Teles are realistic about the chances for reform, but they offer a set of promising strategies to improve democratic deliberation and open pathways for meaningful policy change. An original and counterintuitive interpretation of the forces driving inequality and stagnation, The Captured Economy will be necessary reading for anyone concerned about America's mounting economic problems and the social tensions they are sparking."-- |
| Beschreibung: | 1 online resource (viii, 221 pages) |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9780190627775 0190627778 9780190627782 0190627786 |
Internformat
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| 245 | 1 | 4 | |a The captured economy : |b how the powerful enrich themselves, slow down growth, and increase inequality / |c Brink Lindsey and Steven M. Teles. |
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| 520 | |a "For years, America has been plagued by slow economic growth and increasing inequality. Yet economists have long taught that there is a tradeoff between equity and efficiency-that is, between making a bigger pie and dividing it more fairly. That is why our current predicament is so puzzling: today, we are faced with both a stagnating economy and sky-high inequality. In The Captured Economy, Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit. They document the proliferation of regressive regulations that redistribute wealth and income up the economic scale while stifling entrepreneurship and innovation. When the state entrenches privilege by subverting market competition, the tradeoff between equity and efficiency no longer holds. Over the past four decades, new regulatory barriers have worked to shield the powerful from the rigors of competition, thereby inflating their incomes-sometimes to an extravagant degree. Lindsey and Teles detail four of the most important cases: subsidies for the financial sector's excessive risk taking, overprotection of copyrights and patents, favoritism toward incumbent businesses through occupational licensing schemes, and the NIMBY-led escalation of land use controls that drive up rents for everyone else. Freeing the economy from regressive regulatory capture will be difficult. Lindsey and Teles are realistic about the chances for reform, but they offer a set of promising strategies to improve democratic deliberation and open pathways for meaningful policy change. An original and counterintuitive interpretation of the forces driving inequality and stagnation, The Captured Economy will be necessary reading for anyone concerned about America's mounting economic problems and the social tensions they are sparking."-- |c Provided by publisher | ||
| 505 | 0 | |a Cover -- The Captured Economy How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality -- Copyright -- Contents -- Acknowledgments -- 1. Rigged -- 2. The Rents Are Too Damn High -- 3. Finance -- 4. Intellectual Property -- 5. Occupational Licensing -- 6. Land Use -- 7. The Politics of Regressive Stagnation -- 8. Rent-â#x80;#x8B;Proofing Politics -- Notes | |
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| author | Lindsey, Brink Teles, Steven Michael |
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| contents | Cover -- The Captured Economy How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality -- Copyright -- Contents -- Acknowledgments -- 1. Rigged -- 2. The Rents Are Too Damn High -- 3. Finance -- 4. Intellectual Property -- 5. Occupational Licensing -- 6. Land Use -- 7. The Politics of Regressive Stagnation -- 8. Rent-â#x80;#x8B;Proofing Politics -- Notes |
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| discipline | Wirtschaftswissenschaften |
| era | 2000-2099 fast |
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| indexdate | 2024-11-27T13:28:02Z |
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| publisher | Oxford University Press, |
| record_format | marc |
| spelling | Lindsey, Brink, author. http://id.loc.gov/authorities/names/n2001110096 The captured economy : how the powerful enrich themselves, slow down growth, and increase inequality / Brink Lindsey and Steven M. Teles. New York, NY : Oxford University Press, [2017] ©2017 1 online resource (viii, 221 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier Online resource; title from PDF title page (EBSCO, viewed October 13, 2017). Includes bibliographical references and index. "For years, America has been plagued by slow economic growth and increasing inequality. Yet economists have long taught that there is a tradeoff between equity and efficiency-that is, between making a bigger pie and dividing it more fairly. That is why our current predicament is so puzzling: today, we are faced with both a stagnating economy and sky-high inequality. In The Captured Economy, Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit. They document the proliferation of regressive regulations that redistribute wealth and income up the economic scale while stifling entrepreneurship and innovation. When the state entrenches privilege by subverting market competition, the tradeoff between equity and efficiency no longer holds. Over the past four decades, new regulatory barriers have worked to shield the powerful from the rigors of competition, thereby inflating their incomes-sometimes to an extravagant degree. Lindsey and Teles detail four of the most important cases: subsidies for the financial sector's excessive risk taking, overprotection of copyrights and patents, favoritism toward incumbent businesses through occupational licensing schemes, and the NIMBY-led escalation of land use controls that drive up rents for everyone else. Freeing the economy from regressive regulatory capture will be difficult. Lindsey and Teles are realistic about the chances for reform, but they offer a set of promising strategies to improve democratic deliberation and open pathways for meaningful policy change. An original and counterintuitive interpretation of the forces driving inequality and stagnation, The Captured Economy will be necessary reading for anyone concerned about America's mounting economic problems and the social tensions they are sparking."-- Provided by publisher Cover -- The Captured Economy How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality -- Copyright -- Contents -- Acknowledgments -- 1. Rigged -- 2. The Rents Are Too Damn High -- 3. Finance -- 4. Intellectual Property -- 5. Occupational Licensing -- 6. Land Use -- 7. The Politics of Regressive Stagnation -- 8. Rent-â#x80;#x8B;Proofing Politics -- Notes United States Economic conditions 21st century. United States Economic policy 21st century. Business and politics United States. États-Unis Conditions économiques 21e siècle. États-Unis Politique économique 21e siècle. Affaires et politique États-Unis. BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh Business and politics fast Economic history fast Economic policy fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq 2000-2099 fast Teles, Steven Michael, author. http://id.loc.gov/authorities/names/n96030957 Print version: Lindsey, Brink. Captured economy. New York, NY : Oxford University Press, [2017] 019062776X 9780190627768 (OCoLC)960030242 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1607800 Volltext |
| spellingShingle | Lindsey, Brink Teles, Steven Michael The captured economy : how the powerful enrich themselves, slow down growth, and increase inequality / Cover -- The Captured Economy How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality -- Copyright -- Contents -- Acknowledgments -- 1. Rigged -- 2. The Rents Are Too Damn High -- 3. Finance -- 4. Intellectual Property -- 5. Occupational Licensing -- 6. Land Use -- 7. The Politics of Regressive Stagnation -- 8. Rent-â#x80;#x8B;Proofing Politics -- Notes Business and politics United States. Affaires et politique États-Unis. BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh Business and politics fast Economic history fast Economic policy fast |
| title | The captured economy : how the powerful enrich themselves, slow down growth, and increase inequality / |
| title_auth | The captured economy : how the powerful enrich themselves, slow down growth, and increase inequality / |
| title_exact_search | The captured economy : how the powerful enrich themselves, slow down growth, and increase inequality / |
| title_full | The captured economy : how the powerful enrich themselves, slow down growth, and increase inequality / Brink Lindsey and Steven M. Teles. |
| title_fullStr | The captured economy : how the powerful enrich themselves, slow down growth, and increase inequality / Brink Lindsey and Steven M. Teles. |
| title_full_unstemmed | The captured economy : how the powerful enrich themselves, slow down growth, and increase inequality / Brink Lindsey and Steven M. Teles. |
| title_short | The captured economy : |
| title_sort | captured economy how the powerful enrich themselves slow down growth and increase inequality |
| title_sub | how the powerful enrich themselves, slow down growth, and increase inequality / |
| topic | Business and politics United States. Affaires et politique États-Unis. BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh Business and politics fast Economic history fast Economic policy fast |
| topic_facet | United States Economic conditions 21st century. United States Economic policy 21st century. Business and politics United States. États-Unis Conditions économiques 21e siècle. États-Unis Politique économique 21e siècle. Affaires et politique États-Unis. BUSINESS & ECONOMICS Economics General. BUSINESS & ECONOMICS Reference. Business and politics Economic history Economic policy United States |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1607800 |
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