If you could instantly make the worlds poor twice as rich but at the same time make the worlds rich twice as prosperous wouldnt you do it? This intriguing question lies at the core of An Introduction to Economic Inequality. Inequality has been blamed for many things, from causing lower life expectancy, poor education and political instability, to sparking more suicide, obesity, mental illness and murders. And the claim that the worlds richest 1% own 40% of the planets wealth and that the rich keep getting richer is regularly used to demonstrate its evils. But here author Eamonn Butler challenges this widely accepted narrative. Are we, he asks, posing the right questions? Dont the vagaries of life dictate that people are separated by different abilities, different choices, different risks, and different luck? And should equality even be a goal in itself? Butler contends that we should instead address the real social, economic and political problems that seriously harm the lives of the poor. Fixing failing schools, he says, would do more to boost mobility and equality than any amount of income redistribution. And he argues that focusing on inequality loses sight of whats truly important: not that everyone should be equal, but that everyone should have access to a decent standard of living. This clear-sighted yet concise critique makes for a compelling and constructive contribution to the debate on one of the 21st centurys most emotive topics.
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Product Details
Dimensions: 129 x 198mm
Publication Date: 30 Jun 2022
Publisher: Institute of Economic Affairs
Publication City/Country: United Kingdom
Language: English
ISBN13: 9780255368155
About Eamonn Butler
Eamonn Butler is Director of the Adam Smith Institute one of the worlds leading policy think tanks. He holds degrees in economics and psychology a PhD in philosophy and an honorary DLitt. In the 1970s he worked in Washington for the US House of Representatives and taught philosophy at Hillsdale College Michigan before returning to the UK to co-found the Adam Smith Institute. He has won the Freedom Medal of Freedoms Foundation at Valley Forge and the UK National Free Enterprise Award; his film Secrets of the Magna Carta won an award at the Anthem Film Festival; and his book Foundations of a Free Society won the Fisher Prize. Eamonns other books include introductions to the pioneering economists Adam Smith Milton Friedman F. A. Hayek and Ludwig von Mises. He has also published primers on classical liberalism public choice capitalism democracy trade the Austrian School of Economics and great liberal thinkers as well as The Condensed Wealth of Nations and The Best Book on the Market. He is co-author of Forty Centuries of Wage and Price Controls and of a series of books on IQ. He is a frequent contributor to print broadcast and online media.