Income and Wealth (Hardcover) (ISBN-13: 9780313336881)

Why some people are rich and others poor can be explained in a number of ways. Income and Wealth focuses on who gets what and why. It explains the dynamics of income generation, how it is measured, and how such dramatic disparities in distribution come about. The book first defines various characteristics of income, with an emphasis on the gap between the rich and the poor, and reviews several theories to explain the disparities. Subsequent chapters discuss such timely topics as the vanishing middle class and the sky-high salaries of CEOs, Hollywood stars, and athletes. The final chapters consider the implications of policies, such as the minimum wage, taxes, immigration, and trade quotas, and expand the discussion to consider international comparisons. Featuring graphs and charts, a glossary of key terms, and a listing of references and resources, Income and Wealth explains the intricate, and often controversial, effects of economic policies on individuals, families, and communities. Moreover, it shows how the numbers can be manipulated by policymakers, pundits, journalists, and academics to promote various agendas--and shows readers how to recognize hyberbole and make better-informed decisions.

Author: Alan Reynolds
ISBN-10: 0313336881
ISBN-13: 9780313336881
Publisher: Greenwood
Language: English
Published: 10/01/2006
Pages: 248
Format: Hardcover
Weight: 1.13lbs
Size: 9.40h x 6.42w x 0.93d

Review Citation(s):
Reference and Research Bk News 02/01/2007 pg. 105