Zaman, Asad (2018) "An Islamic Approach to Inequality and Poverty" Journal of King Abdul Aziz University: Islamic Economics Vol 31 No. 1 pp 69-92 (January 2018).
Economic theory deliberately misleads and blinds us as to causes of inequality -- This has a lot to do with Power/Knowledge [link to main page]
INCOME INEQUALITY: The book that is transforming the debate is Piketty-Goldhammer: Capitalism in the Twenty First Century
One of the well known effects of Laissez Faire is increasing income inequality. This page documents this in various ways.
This morning's paper is graced with an article that invokes a wonderful Kurt Vonnegut short story, Harrison Bergeron. Written in the early 1960s, it is a cautionary about government getting so spectacularly dedicated to equality, that it wrecks havoc on all of us.
Today's WSJ article envisions Obama, in his waning days, imposing just such a draconian reality on the USA population.
AHAHAHAHAHAHAH!!!
Nick Papageorge tells me that 89 people in the world have more of its wealth than the bottom 3 billion. And, according to the WSJ we are a sliver a way from the madness of Harrison Bergeron's world.
RWER Charts showing Income Inequality: {link}
What is the Occupy Wall Street complaining about? {link}
Also, Read:
http://ca.finance.yahoo.com/news/middle-easts-157-billionaires-dominate-070000048.html
http://www.ynetnews.com/articles/0,7340,L-4099803,00.html
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http://www.forbes.com/billionaires/list/#tab:overall
ECONOMIC PROBLEMS IN USA:
State-Wrecked: The Corruption of Capitalism in America
Since the S.&P. 500 first reached its current level, in March 2000, the mad money printers at the Federal Reserve have expanded their balance sheet sixfold (to $3.2 trillion from $500 billion). Yet during that stretch, economic output has grown by an average of 1.7 percent a year (the slowest since the Civil War); real business investment has crawled forward at only 0.8 percent per year; and the payroll job count has crept up at a negligible 0.1 percent annually. Real median family income growth has dropped 8 percent, and the number of full-time middle class jobs, 6 percent. The real net worth of the “bottom” 90 percent has dropped by one-fourth. The number of food stamp and disability aid recipients has more than doubled, to 59 million, about one in five Americans.
So the Main Street economy is failing while Washington is piling a soaring debt burden on our descendants, unable to rein in either the warfare state or the welfare state or raise the taxes needed to pay the nation’s bills. By default, the Fed has resorted to a radical, uncharted spree of money printing. But the flood of liquidity, instead of spurring banks to lend and corporations to spend, has stayed trapped in the canyons of Wall Street, where it is inflating yet another unsustainable bubble.
Marxism Re-considered - Short newspaper article on Marxism
Living in a poor neighborhood - changes everything about your life by Alvin Chang on June 6, 2016
Janet Yellen: Perspectives on Inequality and Opportunity from the Survey of Consumer Finances - At the Conference on Economic Opportunity and Inequality, Federal Reserve Bank of Boston, Boston, Massachusetts October 17, 2014
Islamic Views on Inequality and Poverty - AM11 - lecture in Advanced Micro
Islamic Approach to Poverty and Inequality - Draft Discussion paper for JKAU:IE, written at request of Dr. Abdul Azim Islahi
Finance and Inequality - Assorted collection of links between finance and inequality
David Harvey: Marxist Analysis of Piketty - Brilliant, Insightful -- ALSO links to course on Marxism
Another Marxist Analysis of Piketty - Piketty provides a surface description, without depth, of issues studied by Marx