Authors:
- Analyses the processes through which the modern forms of large fortunes are amassed
- Offers an alternative perspective on why we have witnessed the growth of a new social class of ultra rich
- Provides numerous statistics on the richest rich from various sources
- Examines models of wealth accumulation looking at the determinants and discussing various theories dealing with wealth accumulation
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Table of contents (6 chapters)
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Front Matter
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Back Matter
About this book
This book analyses the processes through which the modern forms of large fortunes are amassed. Despite the recent spate of governmental and non-governmental interest in inequality (be it wealth or income), the most privileged and fortunate have not generated much interest in mainstream economics. As the issue of wealth accumulation is multifaceted, the proposed book will not merely be an exercise in business history but deals with the issue from multiple perspectives, accordingly employing alternative research methods. Broadly, the trends and dynamics in high-tier wealth accumulation are coupled to the economic, political and social mechanisms that have been in play for at least half a century or more in some parts of the world. This approach leads to potential policy implications since much of the debate on wealth distribution centres on the extent to which wealth has been ‘justly’ attained. Further, how wealth is distributed in the capitalist system can have an impact upon economic growth.This book offers an alternative perspective on why we have witnessed the growth of a new social class of ultra rich. This book will be of interest to academics and researchers in international economic bodies.
Authors and Affiliations
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Melbourne, Australia
Stamatios Tsigos
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Western Sydney University, Campbelltown, Australia
Kevin Daly
About the authors
Stamatios Tsigos is an industry consultant working in Melbourne, Australia. Prior appointments have included various teaching and industry positions. Academic appointments have included tutor in finance at Western Sydney University, Lecturer at Deakin College and Deakin University and as a research and teaching assistant at Monash University. He has worked at various companies in the financial services industry in the areas of wealth management and consulting. Stamatios’s research interests include risk preferences, wealth inequality, and public finance. He has a Ph.D. from Western Sydney University and an Honours degree from Monash University.
Bibliographic Information
Book Title: The Wealth of the Elite
Book Subtitle: Toward a New Gilded Age
Authors: Stamatios Tsigos, Kevin Daly
DOI: https://doi.org/10.1007/978-981-15-2148-5
Publisher: Palgrave Macmillan Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2020
Hardcover ISBN: 978-981-15-2147-8Published: 02 June 2020
Softcover ISBN: 978-981-15-2150-8Published: 02 June 2021
eBook ISBN: 978-981-15-2148-5Published: 01 June 2020
Edition Number: 1
Number of Pages: XIII, 234
Number of Illustrations: 31 b/w illustrations
Topics: Social Choice/Welfare Economics/Public Choice/Political Economy, Personal Finance/Wealth Management/Pension Planning