Tag: Redistribution

Free Download Fair Enough?: Support for Redistribution in the Age of Inequality
English | 2023 | ISBN: 1009366068 | 299 Pages | PDF | 5 MB
Fair Enough? proposes and tests a new framework for studying attitudes toward redistributive social policies. These attitudes, the book argues, are shaped by at least two motives. First, people support policies that increase their own expected income. Second, they support policies that move the status quo closer to what is prescribed by shared norms of fairness. In most circumstances, saying the "fair thing" is easier than reasoning according to one’s pocketbook. But there are important exceptions: when policies have large and certain pocketbook consequences, people take the self-interested position instead of the ‘fair’ one. Fair Enough? builds on this simple framework to explain puzzling attitudinal trends in post-industrial democracies including a decline in support for redistribution in Great Britain, the erosion of social solidarity in France, and a declining correlation between income and support for redistribution in the United States.

Free Download Tarik Akin, "Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance "
English | ISBN: 3110583739 | 2019 | 216 pages | EPUB, PDF | 5 MB + 1072 KB
Wealth inequality has been not only rising at unsustainable pace but also dissociated from income inequality because of the fact that wealth is increasing without concomitant increase in savings and productive capital. Compelling evidence indicates that capital gains and other economic rents are mainly responsible for wealth inequality and its divergence from income inequality. The main argument of the book is that interest-based debt contracts are one of the drivers of wealth inequality through creating disproportional economic rents for the asset-rich. The book also introduces the idea of risk-sharing asset-based redistribution, which is a novel and viable policy proposal, as an effective redistribution tool to address the wealth inequality problem. Furthermore, a large-scale stock-flow consistent macroeconomic model, which is step by step constructed in the book, sheds light on the formation of wealth inequality in a debt-based economy and on the prospective benefits of implementing risk-sharing asset-based redistribution policy tools compared to traditional redistribution policy options. The research presented in this book is novel in many respects and first of its kind in the Islamic economics and finance literature.