| Income and Wealth Contributor(s): Reynolds, Alan (Author) |
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ISBN: 0313336881 ISBN-13: 9780313336881 Publisher: Greenwood OUR PRICE: $66.33 Product Type: Hardcover - Other Formats Published: October 2006 Annotation: 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." The who are those in the top, middle, and lower income groups. Why they are there is a function of a variety of factors, including education, employment, saving, investing, and taxation. What they get is cash income, leisure time, property, and other forms of wealth. This volume explains the dynamics of income generation, how it is measured, and how such dramatic disparities in distribution come about. Citing numerous cases of distortion in the popular press, and among academics, policymakers, and pundits, Reynolds exposes many popular myths concerning income and wealth, and presents a balanced perspective on this critical aspect of economics and social policy. 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 focus on 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 demonstrates how the numbers can be manipulated by policymakers, pundits, journalists, and academics to promote various agendas, and shows readers howto recognize hyperbole and make better-informed decisions. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Macroeconomics |
| Dewey: 339.220 |
| LCCN: 2006021343 |
| Series: Greenwood Guides to Business and Economics |
| Physical Information: 0.93" H x 6.42" W x 9.4" (1.13 lbs) 248 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |