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Sharing the Wealth - Workers and the World Economy (Hardcover) Loot Price: R404 Discovery Miles 4 040 You Save: R42 (9%)

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Sharing the Wealth - Workers and the World Economy (Hardcover): Ethan B. Kapstein
Sharing the Wealth - Workers and the World Economy (Hardcover): Ethan B. Kapstein

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Sharing the Wealth - Workers and the World Economy (Hardcover)

Ethan B. Kapstein

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List price R446 Loot Price R404 Discovery Miles 4 040 You Save R42 (9%)

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In a time of universal rising expectations, economic planning must be linked with social justice worldwide if we are to enjoy peace and prosperity, says Kapstein, a professor at the Humphrey Institute of Public Affairs (Univ. of Minn., Minneapolis). The story of public welfare is not new. Kapstein traces the evolution of the welfare state from 16th-century Europe to the New Deal. Now, even though the lot of the poor may, arguably, be better than ever, the gap between the haves and the have-nots is widening. While labor is stuck where it is, capital is increasingly mobile, heading wherever labor is cheapest, even below levels that provide a decent living standard. Poverty and unemployment are economically fruitless and politically hazardous, as history shows. Free-market concepts of liberty are not of primary value to those who are denied an equal chance to partake of the benefits of a market economy. The author asks societies to create environments where all people can realize their individual talents, with life's basic necessities and without discrimination. That, after all, accords with America's historic core values, he says, and we should once more put the quest for economic justice at the head of our national to-do list. That means tying trade issues with human rights, increasing nonmilitary foreign aid, and supporting immobile labor as well as motile capital. The American xenophobia regarding other economic systems is understandable, of course, given our plethora of worldly goods, but as this text argues, we must make sure that others get a share of good life before there are serious social and economic disruptions. The classic economic goal of the greatest good for the greatest number carries an inherent conflict when what's good for the few outweighs that of the number, however great. Must we share the wealth? Kapstein's manifesto should be a starting point for a national debate, appropriate for the impending presidential campaign. But that's probably too much to ask, considering the present state of public discourse. Policy wonks, awake! (Kirkus Reviews)
Ethan Kapstein documents how the international economic order has torn huge holes in the welfare system, putting workers and the economy itself at risk. The founding premise of the post-World War II international economic agreements were that they would lead to greater wealth and that those gains would be shared equitably. The closing decades of the 20th century have seen co-operation strengthened through the growth of trading blocs and multinational firms. But nations eager to remain competitive in the new world economy have at the same time beggared their labourers, tearing away crucial pieces of the social safety net. The predictable result, Kapstein argues goes far beyond the alarming trends in income inequality already observed. Turning common wisdom on its head, Kapstein demonstrates that programmes to ensure the health and prosperity of workers, far from expensively undermining growth, actually promote and sustain growth over the long run. Bolstering his argument with historical lessons about the dangers of a dissatisfied workforce, he drives home a new view of labour's share in the world economy.


Imprint: W W Norton & Co Inc
Country of origin: United States
Release date: October 1999
Authors: Ethan B. Kapstein
Dimensions: 215 x 150 x 22mm (L x W x T)
Format: Hardcover
Pages: 224
ISBN-13: 978-0-393-04754-7
Barcode: 9780393047547
Categories: Books > Business & Economics > Economics > International economics
Books > Business & Economics > Economics > International economics > General
Books > Business & Economics > Economics > Macroeconomics
Books > Business & Economics > Economics > Macroeconomics > General
Books > Social sciences > Sociology, social studies > Social institutions > Work & labour
LSN: 0-393-04754-7

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