• Occupy London (1)
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    Capitalism need not churn inexorably toward higher inequality; democracies can tame the disproportionate power of elites

Capitalism need not churn inexorably toward higher inequality; democracies can tame the disproportionate power of elites

While some democracies adopt policies that systematically tend to favour the majority of the population and thus reduce inequality, others instead create policies that favour elites and the wealthy more broadly. Mike Albertus and Victor Menaldo find that the effect of democracy on redistribution is a function of the conditions under which countries transition to democracy. In democracies where elites have had little say in […]

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    Five minutes with Thomas Piketty: “We don’t need 19th century-style inequality to generate growth in the 21st century”

Five minutes with Thomas Piketty: “We don’t need 19th century-style inequality to generate growth in the 21st century”

In an interview with EUROPP’s editor Stuart Brown and British Politics and Policy at LSE’s editor Joel Suss, Thomas Piketty discusses the rise in income and wealth inequality outlined in his book, Capital in the Twenty-First Century, and what policies should be adopted to prevent us returning to the kind of extreme levels of inequality experienced in Europe prior to the […]

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    Book Review: Capital in the Twenty-First Century by Thomas Piketty

Book Review: Capital in the Twenty-First Century by Thomas Piketty

Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In Capital in the Twenty-First Century, Thomas Piketty seeks to analyse a unique collection of data from twenty countries, […]

  • Amartya Sen
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    Five minutes with Amartya Sen: “I think that Piketty’s conclusions mostly stand”

Five minutes with Amartya Sen: “I think that Piketty’s conclusions mostly stand”

In an interview with British Politics and Policy at LSE’s editor Joel Suss and EUROPP’s editor Stuart Brown, Amartya Sen discusses Thomas Piketty’s recent work, the consequences of widening inequality, and his views on India’s Prime Minister Narendra Modi, whose BJP party won the country’s 2014 general election.

Thomas Piketty and other academics have documented the growth in income and wealth inequality […]

  • Escalator
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    Perceptions of social mobility in Britain are characterised by a strange paradox

Perceptions of social mobility in Britain are characterised by a strange paradox

How meritocratic do Britons think their country is? The question of perceptions has been relatively understudied but is nonetheless important. Declan Gaffney and Ben Baumberg find that while people overwhelmingly agree that children from richer families have more opportunities, they also believe that family wealth is a relatively minor factor in determining outcomes. Factors like hard work and ambition are […]

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    Unless economic growth is more fairly distributed and productivity boosted, the typical UK worker can expect meagre real wage growth

Unless economic growth is more fairly distributed and productivity boosted, the typical UK worker can expect meagre real wage growth

The pain of the UK’s Great Recession has been spread more evenly than previous downturns, with falling real wages across the distribution. David Blanchflower and Stephen Machin ask why this happened, how it compares with the US experience and what the prospects are for recovering lost wage gains.

There have been unprecedented falls in real wages in the UK since the start of the recession triggered by the financial […]

  • Poor will get poorer
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    Rising inequalities are not inevitable; governments can play a key role in containing the negative repercussions

Rising inequalities are not inevitable; governments can play a key role in containing the negative repercussions

Increasing inequalities across some of the richest countries in the world are not inevitable according to findings from an international research project. Indeed, governments play a key role in determining domestic levels of inequality, writes Abigail McKnight, one of a team of 200 researchers who contributed to this research.

Researchers across 30 countries (All 27 EU countries except Malta and Cyprus; […]

  • Rich and poor
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    A global progressive tax on individual net worth would offer the best solution to the world’s spiralling levels of inequality

A global progressive tax on individual net worth would offer the best solution to the world’s spiralling levels of inequality

The issue of inequality is one of the most salient in global and European politics. Thomas Piketty writes on the economic forces which have impacted upon inequality since the end of the First World War. He argues that with disparities in income and wealth rising substantially over recent decades, a global progressive tax on individual net worth would offer […]

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Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by British Politics and Policy at LSE is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.