Authors:
- Outlines a framework for ‘entangled political economy’, which is based on interactions between economic and political actors
- Provides recommendations for inequality suppression
- Analyses the effect of social exclusion upon inequality
Part of the book series: Palgrave Studies in Classical Liberalism (PASTCL)
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Table of contents (9 chapters)
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Front Matter
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Theoretical Foundations
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Front Matter
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Case Studies
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Front Matter
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Back Matter
About this book
—Peter Boettke, Professor of Economics and Philosophy, George Mason University, USA
‘Inequality has bred a climate of hostile political discourse reminiscent of the cold war. In this lucid book, Novak explains how we can transcend that hostility by recognizing the deeply entangled character of politics and economics within modern societies.’
—Richard E. Wagner, Hobart R. Harris Professor of Economics, George Mason University, USA
‘Mikayla Novak has provided a bold new intellectual foundation for social policy analysis.’
—Jason Potts, Professor of Economics, RMIT University, Australia
In recent years the degree of income and wealth inequality within developed countries has been raised as a central issue in economic and social policy debates. Numerous figures across diverse ideological affinities have advocated policy measures to significantly alter income and wealth distributions, while the inequality debate has become infused with other subjects such as social justice and identity politics. This book presents an account of economic inequality from a contemporary classical liberal perspective. Inequality is seen as a by-product of entangled relationships within society, bringing to the fore key ideas from complexity, evolutionary and network sciences.
Novak illustrates that inequality is problematic insofar as it generates pro-rich redistribution and constrains progress by the less well off. Economic inequality has important links with issues such as fiscal and regulatory policies, discrimination and social exclusion, and institutional design.
This unique book is important reading for social science academics, policy makers and people interested in exploring the dimensions and solutions to inequality, a critical issue of our time.
Keywords
- Inequality
- Wealth inequality
- Political Economy
- Government expenditure and taxation
- Taxation policies
- Income and wealth
- Income inequality
- Economic governance
- Government regulations
- Asset holders
- Labour market regulations
- Housing market regulations
- Social exclusion
- Economic policy
- German order theory
- Ordungstheorie
- ‘liberty compatible’ networks
- Analytical egalitarianism
- Economic constitutionalism
Reviews
“Inequality has bred a climate of hostile political discourse reminiscent of the cold war. In this lucid book, Novak explains how we can transcend that hostility by recognizing the deeply entangled character of politics and economics within modern societies.” (Richard E. Wagner, Hobart R. Harris Professor of Economics, George Mason University, USA)
“Mikayla Novak has provided a bold new intellectual foundation for social policy analysis.” (Jason Potts, Professor of Economics, RMIT University, Australia)
Authors and Affiliations
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RMIT University, Melbourne, Australia
Mikayla Novak
About the author
Mikayla Novak is Postdoctoral Research Fellow at RMIT University, Melbourne, Australia. Novak is recognised as one of Australia’s leading economists in the classical liberal philosophical tradition. She has been a prolific contributor to Australian public policy debates, having written over 240 newspaper opinion articles on economic and social issues.
Bibliographic Information
Book Title: Inequality
Book Subtitle: An Entangled Political Economy Perspective
Authors: Mikayla Novak
Series Title: Palgrave Studies in Classical Liberalism
DOI: https://doi.org/10.1007/978-3-319-89417-1
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018
Hardcover ISBN: 978-3-319-89416-4Published: 24 May 2018
Softcover ISBN: 978-3-030-07765-5Published: 14 December 2018
eBook ISBN: 978-3-319-89417-1Published: 09 May 2018
Series ISSN: 2662-6470
Series E-ISSN: 2662-6489
Edition Number: 1
Number of Pages: XI, 262
Number of Illustrations: 5 b/w illustrations
Topics: Economic Policy, International Political Economy, Heterodox Economics, Development Economics, Law and Economics