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Income and Wealth

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Income and Wealth Synopsis

Why some people are rich and others poor can be explained in a number of ways. Income and Wealth focuses on who gets what and why. It explains the dynamics of income generation, how it is measured, and how such dramatic disparities in distribution come about. The book first defines various characteristics of income, with an emphasis on the gap between the rich and the poor, and reviews several theories to explain the disparities. Subsequent chapters discuss such timely topics as the vanishing middle class and the sky-high salaries of CEOs, Hollywood stars, and athletes. The final chapters consider the implications of policies, such as the minimum wage, taxes, immigration, and trade quotas, and expand the discussion to consider international comparisons. Featuring graphs and charts, a glossary of key terms, and a listing of references and resources, Income and Wealth explains the intricate, and often controversial, effects of economic policies on individuals, families, and communities. Moreover, it shows how the numbers can be manipulated by policymakers, pundits, journalists, and academics to promote various agendas-and shows readers how to recognize hyberbole and make better-informed decisions.

About This Edition

ISBN: 9780313336881
Publication date:
Author: Alan Reynolds
Publisher: Greenwood Press an imprint of ABC-CLIO
Format: Hardback
Pagination: 231 pages
Series: Greenwood Guides to Business and Economics
Genres: Economics, Finance, Business and Management

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