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About Inequality: What Can Be
Product Description Winner of the Richard A. Lester Award for the Outstanding Book in Industrial Relations and Labor Economics, Princeton UniversityAn Economist Best Economics and Business Book of the YearA Financial Times Best Economics Book of the YearInequality is one of our most urgent social problems. Curbed in the decades after World War II, it has recently returned with a vengeance. We all know the scale of the problem―talk about the 99% and the 1% is entrenched in public debate―but there has been little discussion of what we can do but despair. According to the distinguished economist Anthony Atkinson, however, we can do much more than skeptics imagine.“[Atkinson] sets forth a list of concrete, innovative, and persuasive proposals meant to show that alternatives still exist, that the battle for social progress and equality must reclaim its legitimacy, here and now… Witty, elegant, profound, this book should be read.”―Thomas Piketty, New York Review of Books“An uncomfortable affront to our reigning triumphalists. [Atkinson’s] premise is straightforward: inequality is not unavoidable, a fact of life like the weather, but the product of conscious human behavior.―Owen Jones, The Guardian Review “Tony Atkinson, in many ways the father of modern inequality research, has [written] a terrific new book.” ― Paul Krugman , New York Times “[Atkinson] does not mind speaking uncomfortable truths. Among them: that the comfort and opportunity provided by wealth matter just as much as the consumption that wealth affords; that holding down a job may not be enough to provide most workers with a standard of living that keeps up with economic growth; and that economic power helps protect itself in subtle and pervasive ways which might well demand an interventionist government response. Sir Anthony’s answer might not be the right one. But if his book reminds the reader how far out of fashion the policies of the post-war decades have fallen, it also conveys how skewed the economy of today might look to an observer from the not so distant past―or, perhaps, from the not so distant future.” ― The Economist “Like it or loathe it, this is ambitious stuff.” ― Tim Harford , Financial Times “Atkinson’s book is magisterial. It is the definitive analysis of inequality in Britain and how to reduce it, as viewed through the standard professional economics prism of Utilitarianism. While grounded in sophisticated theory and state-of-the-art quantitative evidence, the book carries through to specific policy recommendations on standard matters such as tax rates, benefits and tax reliefs.” ― Paul Collier , Times Literary Supplement “Provides us with the broad outlines of a new radical reformism… [Atkinson] sets forth a list of concrete, innovative, and persuasive proposals meant to show that alternatives still exist, that the battle for social progress and equality must reclaim its legitimacy, here and now… Witty, elegant, profound, this book should be read: it brings us the finest blend of what political economy and British progressivism have to offer… This is a book written by an optimist and a citizen of the United Kingdom, Europe, and the world: the broad sense it conveys of a more just economy is one of its many appealing qualities. It will stand as a model whatever the outcome of one election or another.” ― Thomas Piketty , New York Review of Books “Atkinson is a first-rate economist who long ago mastered the orthodoxy, and so is well-placed to take it to bits. Patiently, he explains why excessive profits may not be competed away, and why laissez-faire cannot be relied on to get the most out of every resource… Atkinson also has a keen sense of history. He explains how anti-trust laws in the U.S., nowadays narrowly justified in efficiency terms, were originally born out of concerns about fairness. He highlights, too, how the course of industrial technology has often been set by the planners’ guiding hand. All this helps him br
