Inequality And Poverty

This book provides an entry into the subjects of disparity and deprivation, by attending to issues that have a bearing on certain salient philosophical and conceptual aspects of these subjects. The student doing a graduate course in the measurement of inequality and poverty is all too often plunged directly into the complexities of Schur-convex functions, dominance conditions, partial orders and the axiomatics of characterization theorems. Inequality and poverty as phenomena with profound social and moral implications for the world we live in tend to get submerged in a treatment of the subject that is more suggestive of applied mathematics than of the material conditions of life.

This volume brings together important researchers and university professors to offer some analytical insights into the field of poverty, inequality, and public policies. The reader of this book will find it concise, with a clearly defined research methodology and findings, and easy to understand. Benefiting of recent statistical data and practical experience from various countries around the world, the findings and conclusions might be helpful to academia and policy makers to find better answers to poverty and inequality in the future.

Capitalism is under attack. Defenders say that capitalism has raised billions of people from poverty. But a central activity of capitalism today, Wall Street style, is speculation (gambling), using other people’s money, and privatizing the profits while socializing the debts. Skeptics argue that capitalism has redistributed the wealth of the planet in favor of a very few, meanwhile leaving the planet in bad shape and leaving billions of people out in the cold. Wealth is now extremely mal-distributed, opportunity is far from equal, and upward social mobility has declined significantly in recent decades. This book reviews the evidence and arguments pro and con in considerable detail.