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The inequality trap : fighting capitalism instead of poverty / William Watson.

by Watson, William G.

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University of Toronto Press, 2015.

Distribution (Economic theory)

Income distribution.

9781442637245 (hc.)

1442637242 (hc.)

xviii, 218 pages : illustrations ; 23 cm.

Includes bibliographical references and index.

History: the sequel -- The deserving rich -- Ginis rising -- Who are the 1 per cent? -- Is good inequality bad, too? -- Poverty -- Opportunity -- Anit-occupy.

"Economic inequality inspired the "Occupy" movements, made a French economist into a global celebrity, and given us a new expression - the "one percent." But is our preoccupation with inequality really justified? Or wise? William Watson argues that focusing on inequality is both an error and a trap. It is an error because much inequality is "good," the reward for thrift, industry, and invention. It is a trap because it leads us to fixate on the top end of the income distribution, rather than on those at the bottom who need help most. In fact, if we respond to growing inequality by fighting capitalism rather than poverty, we may end up both poorer and less equal. Explaining the complexities of modern economics, The Inequality Trap is a rejoinder to the idea that fighting inequality should be our top policy priority. William Watson teaches economics at McGill University in Montreal"--Provided by publisher.

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