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Introduction: The Political Economy of Rising Income Inequality

In: Finance Capitalism and Income Inequality in the Contemporary Global Economy

Author

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  • Kuat B. Akizhanov

    (Academy of Public Administration under the President of Kazakhstan)

Abstract

This introductory chapter provides accounts on why increasing income inequality is an issue of the political economy of contemporary capitalism. The first part of the chapter discusses tendencies and characteristics that define current economic disparity throughout the world. The second part examines various social, political and economic problems that income inequality and wealth disparity are presenting. The importance of researching income disparity within the political economy and, particularly, as part of the political economy of finance capitalism is elucidated in the third section. As religion served to legitimate unequal status quo in the past so does in economic terms secular doctrines of modern capitalism.

Suggested Citation

  • Kuat B. Akizhanov, 2023. "Introduction: The Political Economy of Rising Income Inequality," Springer Books, in: Finance Capitalism and Income Inequality in the Contemporary Global Economy, chapter 0, pages 1-20, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-21768-5_1
    DOI: 10.1007/978-3-031-21768-5_1
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