Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance
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…
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Produktdetails
Weitere Autoren: Akin, Tarik
- ISBN: 978-3-11-058388-5
- EAN: 9783110583885
- Produktnummer: 27057427
- Verlag: De Gruyter
- Sprache: Englisch
- Erscheinungsjahr: 2019
- Seitenangabe: 214 S.
- Plattform: EPUB
- Masse: 0 KB
Über den Autor
Tarik Akin, Undersecretariat of Turkish Treasury; Abbas Mirakhor, retired Professor of Economics and Finance, USA
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