Wealth Inequality, Asset Redistribution and Risk-Sharing

Condition - Very Good
The item shows wear from consistent use, but it remains in good condition and functions properly. Item may arrive with damaged packaging or be repackaged. It may be marked, have identifying markings on it, or have minor cosmetic damage. It may also be missing some parts/accessories or bundled items.

Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance (De Gruyter Studies in Islamic Economics, Finance and Business, 1)

Wealth inequality has been not only rising at unsustainable pace but also dissociated from income inequality because of the fact that wealth is increasing without concomitant increase in savings and productive capital. Compelling evidence indicates that capital gains and other economic rents are mainly responsible for wealth inequality and its divergence from income inequality. The main argument of the book is that interest-based debt contracts are one of the drivers of wealth inequality through creating disproportional economic rents for the asset-rich. The book also introduces the idea of risk-sharing asset-based redistribution, which is a novel and viable policy proposal, as an effective redistribution tool to address the wealth inequality problem. Furthermore, a large-scale stock-flow consistent macroeconomic model, which is step by step constructed in the book, sheds light on the formation of wealth inequality in a debt-based economy and on the prospective benefits of implementing risk-sharing asset-based redistribution policy tools compared to traditional redistribution policy options. The research presented in this book is novel in many respects and first of its kind in the Islamic economics and finance literature.
Country USA
Brand De Gruyter Oldenbourg
Manufacturer De Gruyter Oldenbourg
Binding Hardcover
ItemPartNumber 49969202
ReleaseDate 2019-03-04
UnitCount 1
EANs 9783110583731

Country	USA
Brand	De Gruyter Oldenbourg
Manufacturer	De Gruyter Oldenbourg
Binding	Hardcover
ItemPartNumber	49969202
ReleaseDate	2019-03-04
UnitCount	1
EANs	9783110583731

Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance (De Gruyter Studies in Islamic Economics, Finance and Business, 1)

Customers who purchased this also purchased....