The New Economics of Inequality and Redistribution.

Cover -- The New Economics of Inequality and Redistribution -- Series Editor -- Title -- Copyright -- Dedication -- Contents -- Illustrations -- Figures -- Table -- Preface -- 1: The new economics of inequality and redistribution -- Inequality, institutions, and economic performance -- Market failures and state failures -- Is equality passé? -- Conflict and co-ordination -- Conclusion -- 2: The economic cost of wealth inequality -- Credit constraints: evidence -- Borrowers and lenders -- Wealth constraints and credit-market exclusion -- Risk aversion, ownership, and allocative efficiency -- Conclusion -- 3: Feasible egalitarianism in a competitive world -- Globalization -- Increasing wages and employment -- Asset-based redistribution -- Policies -- Conclusion -- 4: Globalization, cultural standardization, and the politics of social insurance -- Globalization: the highest stage of nationalism? -- Cosmopolitans and provincials -- The politics of insurance -- Globalism vs. the welfare state? -- Globalization and institutional convergence -- Optimal specialization? -- Cultural diversity and egalitarian redistribution -- Conclusion -- 5: Reciprocity, altruism, and the politics of redistribution -- The origins of strong reciprocity -- Experimental evidence -- Survey evidence -- Strong reciprocity and the welfare state: unhappy marriage? -- Conclusion -- 6: Conclusion: The new (not so dismal) science of inequality and redistribution -- Appendices -- Notation for derivatives -- Appendix to Chapter 3 -- The model and notation -- Notation -- The no-shirking wage -- Appendix to Chapter 4 -- Appendix to Chapter 5 -- Table 5.1 -- Support for redistribution variable from the Gallup Survey -- Works cited -- Index.