The Poor and the Plutocrats
From the poorest of the poor to the richest of the rich
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Estimated delivery time: In stock at the publisher, but not at Prospero's office. Delivery time approx. 3-5 weeks.
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Product details:
- Publisher OUP Oxford
- Date of Publication 24 March 2021
- ISBN 9780198870142
- Binding Hardback
- No. of pages256 pages
- Size 224x140x20 mm
- Weight 408 g
- Language English 90
Categories
Short description:
The Poor and the Plutocrats is an examination of financial inequality. From Apple, the first trillion-dollar company, at one end of the spectrum to those living in dire poverty on the other, Francis Teal explains how a world has emerged where both of these extremes co-exist.
MoreLong description:
Why we are poor and others are so very rich, indeed, why they are so rich when we are still very poor.
A decisive examination of inequality and its relationship to poverty and wealth, The Poor and the Plutocrats explores how we live in a world of very many poor people and a very few extremely rich ones - the poor and the plutocrats of the title. Globally the last twenty years have seen declines in inequality between countries and the fastest fall in the numbers of absolutely poor in history - those living on less than the World Bank extreme poverty line of US$1.90 per day. In parallel, inequality within some countries has increased markedly, particularly in the US and the UK.
In The Poor and the Plutocrats, Francis Teal explains this pattern of falling absolute poverty and rising relative poverty (the decline of global inequality and the rise of inequality within countries) through the lens of how, over the last two centuries, the value of relatively unskilled labour has changed. To understand the co-existence of the poor and the plutocrats, Teal examines the patterns of growth in national income and how the 1% have captured, in some countries, an increasing share of that income. This book explains how we have come to live in a world of such high levels of income and such dissatisfaction with how that income is distributed.
Table of Contents:
From Billions to Hundreds of Dollars of Income
The Poor and the Rich in the UK in the 21st Century
Five Countries - the US, UK, Brazil, China, and India
The Rise (and Rise) of the World Economy
The Growing Equality Across Countries and Inequality in Some Countries
Inequality and Poverty Across the World
The Fall and Rise of the 1 Per Cent
The Incomes of the Plutocrats in a Comparative Perspective
Sources of Increasing Inequality: Earnings of the Relatively Unskilled
Sources of Income for the Plutocrats
From the Poor to the Plutocrats
