Finance Capitalism and Income Inequality in the Contemporary Global Economy

This book explores the causes of rising income inequality within industrialised, developing, and emerging economies. The development of finance capitalism over the last 40 years is charted to highlight how the neoliberal restructuring of national and global economies has driven income inequality. With case studies from the USA, South Korea, Argentina, and Sweden, a comparative analysis is presented to reveal how financialisation facilitates uneven capital accumulation and generates conditions that increase income inequality. This book aims to outline an analytical framework for a financialisation-induced income inequality nexus. It will be relevant to students and researchers interested in the political economy and financial economics.

Presents a methodology for how income inequality and disparity can be analysed Highlights how financial liberalisation and deregulation exacerbates levels of private and public debt Brings together insights from a number of different heterodox schools of thought

Auteur
Dr. Kuat B. Akizhanov is Director of the Institute of Applied Research of Academy of Public Administration under the President of the Republic of Kazakhstan and a Teaching Fellow at the CERGE-EI Foundation. He also lectures at the KazGUU University and OCSE Academy in Bishkek. He has previously held positions at the University of Birmingham and at the University of Bath.

Contenu

1. Introduction: Rising income inequality and finance capitalism.- 2. How to study inequality of the finance capitalism era.- 3. USA: the birth of global neoliberal financialisation order.- 4. South Korea: transforming national model.- 5. Argentina: entrenching income inequality.- 6. Sweden: defending economic democracy.- 7. Conclusion: Rethinking financialisation and income inequality nexus. <p