1st Edition

Inequality and Uneven Development in the Post-Crisis World

Edited By Sebastiano Fadda, Pasquale Tridico Copyright 2018
    274 Pages
    by Routledge

    274 Pages 61 B/W Illustrations
    by Routledge

    In the years following the financial crash, two issues have become central to the debate in economics: inequality and the uneven nature of sustainable development. These two issues are at the core of this book which aims to explain three key questions: why inequality has increased so much in the last three decades; why most advanced economies are stagnating or are experiencing moderate economic growth; and why, even where economic growth is occurring, the quality of that growth is questioned.

    Inequality and Uneven Development in the Post-Crisis World is divided into three parts. The first part concerns the theoretical aspects of inequality, and ethical issues regarding economics and equality. The second part explores empirical evidence and policy suggestions drawing on the uneven levels of development and unprecedented levels of inequality experienced among advanced economies in the context of global financial capitalism. The third part focuses on sustainable development issues such as full employment, social costs of global trade liberalization, environmental sustainability and ecological issues. Along with inequality these issues are central for capitalism and for economic development.

    This volume is of interest to those who study political economy, sustainable development and social inequality.


    Pasquale Tridico and Sebastiano Fadda

    Part I Ethics, pluralism and theoretical approaches

    Chapter 1 The rise of income inequality in rich countries

    Pasquale Tridico

    Chapter 2 Income inequality, household debt and growth

    Riccardo Pariboni

    Chapter 3 Unsustainable unemployment and sustainable growth: a long-run perspective

    Sebastiano Fadda

    Chapter 4 Shifting the social costs of trade: non-tariff measures as the new focus of trade policy

    Werner Raza

    Chapter 5 Inequity and unsustainability: the role of financialized masculinity

    Julie A. Nelson

    Part II Empirical evidences of inequality

    Chapter 6 Intergenerational inequality: transmission channels, direct and indirect mechanisms and evidence for European countries

    Michele Raitano

    Chapter 7 Financialised capitalism and inequality: shareholder-value-driven firms, marketised household balance sheets and bubbly financial markets

    Nicholas Black and Ismail Ertürk

    Chapter 8 Regional inequalities and foreign direct investments: the case of Hungary

    Miklós Szanyi

    Chapter 9 Financialization and inequalities: the uneven development of the housing market on the eastern periphery of Europe

    Zsuzsanna Pósfai, Zoltán Gál and Erika Nagy  

    Part III Sustainable development issues

    Chapter 10 The triple crisis: how can Europe foster growth, well-being and sustainability?

    Miriam Rehm, Sven Hergovich and Georg Feigl

    Chapter 11 The challenge of hydropower as a sustainable development alternative: benefits and controversial effects in the case of the Brazilian Amazon

    Nicola Caravaggioa, Valeria Costantinia, Martina Iorioa, Salvatore Monnia and Elena Paglialungaa

    Chapter 12 Careful with that switch! Willingness to save energy and income distribution

    Gionata Castaldi, Alessio D’Amato and Mariangela Zoli


    Sebastiano Fadda is Professor at the Roma Tre University, Rome, Italy, and teaches Advanced Labour Economics at the Department of Economics. He is director of ASTRIL (Interdisciplinary Association for the Study and Research of Labour) and has worked extensively on institutions, economic development and labour economics issues.

    Pasquale Tridico is Professor at the Roma Tre University, Rome, Italy, and is a lecturer in Labour Economics and Economic Policy. He is director of a two-year master’s degree course (Labour Market, Industrial Relations and Welfare Systems). He is also Jean Monnet Chair of Economic Growth and Welfare Systems and elected General Secretary of the EAEPE. He is the author of Inequality in Financial Capitalism (Routledge, 2017).