1st Edition
International Income Inequality
What causes inequality? This book features an international discussion on the economic causes of inequality between nations and addresses the causes and effects of world inequality and its possible remedies.
Inequality has acquired the iconic status once accorded to Full Employment, Growth, and Inflation. It is not a new issue being a major preoccupation of welfare state literature and the development debates of the 1950s and intersects with debates among economic historians on The Great Divergence. The revivals of these two intersecting controversies go beyond a minor dispute on the margins of economics, to the heart of the question ‘how far can we trust the market?’
The chapters in this book were originally published as a special issue of The Japanese Political Economy.
Introduction: international income inequality
Alan Freeman
1. World inequality, Latin America catching up, and the asymmetries in power
Víctor Manuel Isidro Luna
2. Financialization and income inequality: an empirical analysis
Kang-Kook Lee and Md Abu Bakkar Siddique
3. Income inequality: past, present and future in a political economy perspective
Pascal Mickael Petit
4. Transformation of the class structure in contemporary Japan
Kenji Hashimoto
5. On the labor theory of value as the basis for the analysis of economic inequality in the capitalist economy
Naoki Yoshihara
Biography
Alan Freeman is Research Director of the Geopolitical Economy Research Group at the University of Manitoba, Winnipeg, Canada.
Nobuharu Yokokawa is Professor of Economics at Musashi University, Tokyo, Japan. He is Editor-in-Chief of The Japanese Political Economy and has published widely on the topics of political economy, evolutionary economics, economic history, and development economics.
