One of the world's leading experts on wealth, poverty, and the gap that separates them, explains how wealth is unevenly spread throughout our world, now and through time. Economist Branko Milanovic uses history, literature and stories straight out of today's newspapers, to discuss one of the major divisions in our social lives: between the haves and the have-nots. He reveals just how rich Elizabeth Bennet's suitor Mr. Darcy really was; how much Anna Karenina gained by falling in love; how wealthy ancient Romans compare to today's super-rich; where in Kenyan income distribution was Obama's grandfather; how we should think about Marxism in a modern world; and how location where one is born determines his wealth. He goes beyond mere entertainment to explain why inequality matters, how it damages our economic prospects, and how it can threaten the foundations of the social order that we take for granted.--From publisher description.
One of the world's leading experts on wealth, poverty, and the gap that separates them, explains how wealth is unevenly spread throughout our world, now and through time. Economist Branko Milanovic uses history, literature and stories straight out of today's newspapers, to discuss one of the major divisions in our social lives: between the haves and the have-nots. He reveals just how rich Elizabeth Bennet's suitor Mr. Darcy really was; how much Anna Karenina gained by falling in love; how wealthy ancient Romans compare to today's super-rich; where in Kenyan income distribution was Obama's grandfather; how we should think about Marxism in a modern world; and how location where one is born determines his wealth. He goes beyond mere entertainment to explain why inequality matters, how it damages our economic prospects, and how it can threaten the foundations of the social order that we take for granted.--From publisher description.
Setting the stage : The Three Concepts of Inequality Defined - Other Differences between the Concepts - International and World Inequality Compared / - Inequality among countries: Rising Differences in Per Capita Incomes - Regional Convergence, Divergence, or ... ''Vergence'' - The Shape of International GDP Per Capita Distribution - Winners and Losers: Increasing Dominance of the West / - Global inequality: Concept 2 Inequality: Decreasing in the Past Twenty Years - High Global Inequality: No Trend? - A World without a Middle Class / - Concluding comments: The Three Concepts of Inequality in Historical Perspective - Why Does Global Inequality Matter and What to Do about It?
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