Over the past thirty years, the issue of economic inequality has emerged from the backwaters of economics to claim center stage in the political discourse of America and beyond a change ...
Over the past thirty years, the issue of economic inequality has emerged from the backwaters of economics to claim center stage in the political discourse of America and beyond a change prompted by a troubling fact: numerous measures of income inequality, especially in the United States in the last quarter of the twentieth century, have risen sharply in recent years. Even so, many people remain confused about what, exactly, politicians and media persons mean when they discuss inequality. What does “economic inequality ” mean? How is it measured? Why should we care? Why did inequality rise in the United States? Is rising inequality an inevitable feature of capitalism? What should we do about it? Inequality: What Everyone Needs to Know takes up these questions and more in plain and clear language, bringing to life one of the great economic and political debates of our age. Inequality expert James K. Galbraith has compiled the latest economic research on inequality and explains his findings in a way that everyone can understand. He offers a comprehensive introduction to the study of economic inequality, including its philosophical and theoretical origins, the variety of concepts in wide use, empirical measures and their advantages and disadvantages, competing modern theories of the causes and effects of rising inequality in the United States and worldwide, and a range of policy measures. This latest addition to the popular What Everyone Needs to Know series from Oxford University Press will tell you everything you need to know to make informed opinions on this significant issue.Less
H. Kent Baker, Hunter M. Holzhauer, and John R. Nofsinger
Published in Print:
05 January 2022
What Everyone Needs to Know
26 January 2022
Can investors do well fi-nancially and at the same time do good for the world? Should they try? Many assume that investors “don’t care who wins” if they’re making mon-ey. For some ...
Can investors do well fi-nancially and at the same time do good for the world? Should they try? Many assume that investors “don’t care who wins” if they’re making mon-ey. For some investors, this mindset still rings true. Yet, many other investors challenge this stereotype and prefer to “make money mean more.” Thus, they have dual goals: making money and doing good. This viewpoint, called sustainable investing, has gained considerable momentum in the last few decades. Sustainable investing delivers value by balancing traditional investing with environmental, social, and governance-related (ESG) insights to improve long-term outcomes. Some view sustainable investing as critical to the sustainability of investing. This book aims to demystify sustainable investing for “average” investors. It uses a question-and-answer format to examine whether such investments are suitable investor portfolios. Each chapter also contains in-sightful and amusing quotes by investment professionals and others. The book has six chap-ters. Chapter 1 examines the changing investment landscape. Chapter 2 explores corporate social responsibility and the evolving responsibilities and obligations of a business. Chapter 3 focuses on the roles of social and religious values in shaping sustainable investing. Chapter 4 discusses the many investment options available to sustainable investors, such as stocks, bonds, mutual funds, and exchange-traded funds. Chapter 5 reviews the performance implications of sustainable investing. This re-search-oriented chapter investigates the intriguing question, “Can sustainable in-vestors have their cake and eat it too?” Finally, Chapter 6 ends by focusing on building a portfolio with a purpose.Less