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Explains the hows and whys of income distribution--why some are rich, some are poor, how income is measured, and the impact of goverment policies on jobs and personal wealth.
At a time of global and domestic economic crisis, the financial aspects of domestic and familial relationships are more important and more strained than ever before. The focus of this book is on the distribution of wealth and poverty in traditional and non-traditional familial relationships. The volume takes an interdisciplinary approach to explore the way in which money matters are structured and governed within close personal relationships and the extent to which they have an impact on the nature and economic dynamics of relationships. As such, the key areas of investigation are the extent to which participation in the labour market, unpaid caregiving, inheritance, pensions and welfare reform have an impact on familial relationships. The authors also explore governmental and legal responses by investigating the privileging of certain types of domestic relationships, through fiscal and non-fiscal measures, and the differential provision on relationship breakdown. The impact of budget and welfare cuts is also examined for their effect on equality in domestic relationships.
The history of nations is a history of haves and have-nots, and as we approach the millennium, the gap between rich and poor countries is widening. In this engrossing and important new work, eminent historian David Landes explores the complex, fascinating and often startling causes of the wealth and poverty of nations. The answers are found not only in the large forces at work in economies: geography, religion, the broad swings of politics, but also in the small surprising details. In Europe, the invention of spectacles doubled the working life of skilled craftsmen, and played a prominent role in the creation of articulated machines, and in China, the failure to adopt the clock fundamentally hindered economic development. The relief of poverty is vital to the survival of us all. As David Landes brilliantly shows, the key to future success lies in understanding the lessons the past has to teach us - lessons uniquely imparted in this groundbreaking and vital book which exemplifies narrative history at its best.
Although no less an authority than Joseph A. Schumpeter proclaimed that Antonio Serra was the world's first economist, he remains something of a dark horse of economic historiography. Nearly nothing is known about Serra except that he wrote and died in jail, and his Short Treatise is so rare that only nine original copies are known to have survived the ravages of time. What, then, can a book written nearly four centuries ago tell us about the problems we now face? Serra's key insight, studying the economies of Venice and Naples, was that wealth was not the result of climate or providence but of policies and strategies for competitively developing some economic activities rather than others, particularly manufactures, subject to increasing returns to scale and a large division of labour. Through a very systematic taxonomy of economic life, Serra then went on from this insight to theorize the causes of the wealth of nations and the measures through which a weak, dependent economy could achieve worldly melioration. At a time when leading economists return to biological explanations for the failure of their theories, the Short Treatise can remind us that there are elements of history which numbers and graphs cannot convey or encompass, and that there are less despondent lessons to be learned from our past. Serra's remarkable treatise is introduced by a lengthy and illuminating study of his historical context and legacy for the theoretical and cultural history of economics and for the economic strategies of nations.
This major textbook provides students with a critical understanding of poverty and social exclusion in relation to wealth, rather than as separate from it.

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