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A Violent WorldThe Irresistible Explosion of Inequalities

A Violent World: The Irresistible Explosion of Inequalities [Political economy has always been correctly perceived as an intellectually autonomous discipline, independent in its objectives, solely aiming to represent, understand and possibly predict macro- and micro-economic changes in our societies. This has been the primary aim of well-known and lesser-known economists for three centuries. They have striven to answer the question of income distribution, one that occupies a central place in their approach and their analysis. It is necessary to represent this particularly complex subject as being some sort of pseudo-science and repeatedly attest to the either inevitable or unacceptable nature of the current systems of wealth distribution. In practice, some economists legitimize the rewards of capital while others denounce the exploitation and extortion of added value. When approached in this binary fashion, the theory of the redistribution of wealth questions society in moral and political terms before even mentioning its role in the vigour of economic growth. As far as we are concerned, it is thus a matter of rediscovering, through the economists’ train of thought, the basis for a solid analysis of the relationship between the level of inequality and that of growth. This is a regression that will definitely show that everything that appears to be set in stone as the natural order or the clearly expressed collective will, is actually extremely subjective and prey to the greatest uncertainty.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Violent WorldThe Irresistible Explosion of Inequalities

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Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-88782-8
Pages
50 –73
DOI
10.1007/978-1-137-58993-4_4
Publisher site
See Chapter on Publisher Site

Abstract

[Political economy has always been correctly perceived as an intellectually autonomous discipline, independent in its objectives, solely aiming to represent, understand and possibly predict macro- and micro-economic changes in our societies. This has been the primary aim of well-known and lesser-known economists for three centuries. They have striven to answer the question of income distribution, one that occupies a central place in their approach and their analysis. It is necessary to represent this particularly complex subject as being some sort of pseudo-science and repeatedly attest to the either inevitable or unacceptable nature of the current systems of wealth distribution. In practice, some economists legitimize the rewards of capital while others denounce the exploitation and extortion of added value. When approached in this binary fashion, the theory of the redistribution of wealth questions society in moral and political terms before even mentioning its role in the vigour of economic growth. As far as we are concerned, it is thus a matter of rediscovering, through the economists’ train of thought, the basis for a solid analysis of the relationship between the level of inequality and that of growth. This is a regression that will definitely show that everything that appears to be set in stone as the natural order or the clearly expressed collective will, is actually extremely subjective and prey to the greatest uncertainty.]

Published: Jun 11, 2016

Keywords: Middle Class; Welfare State; Natural Order; Wealth Distribution; Market Income

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