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The New Economics of Inequality and Redistribution by Samuel Bowles

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Close Report a review At Kobo, we try to ensure that published reviews do not contain rude or profane language, spoilers, or any of our reviewer's personal information. Would you like us to take another look at this review? But this so-called 'equality-efficiency trade-off' has proven difficult to document.

The data suggest, instead, that the extraordinary levels of economic inequality now experienced in many economies are detrimental Cambridge University Press Bolero Ozon. The New Economics of Inequality and Redistribution. Samuel Bowles , Christina M. Fong , Herbert Gintis , Ugo Pagano. Economists warn that policies to level the economic playing field come with a hefty price tag. The data suggest, instead, that the extraordinary levels of economic inequality now experienced in many economies are detrimental to the economy.

Moreover, recent economic experiments and other evidence confirm that most citizens are committed to fairness and are willing to sacrifice to help those less fortunate than themselves. Incorporating the latest results from behavioral economics and the new microeconomics of credit and labor markets, Bowles shows that escalating economic disparity is not the unavoidable price of progress. Rather it is policy choice - often a very costly one.