Battlers and Billionaires

Battlers and Billionaires

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Is Australia fair enough? And why does inequality matter anyway? In Battlers and Billionaires, Andrew Leigh weaves together vivid anecdotes, interesting history and powerful statistics to tell the story of inequality in this country. This is economics writing at its best. From egalitarian beginnings, Australian inequality rose through the nineteenth century. Then we became more equal again, with inequality falling markedly from the 1920s to the 1970s. Now, inequality is returning to the heights of the 1920s. Leigh shows that while inequality can fuel growth, it also poses dangers to society. Too much inequality risks cleaving us into two Australias, occupying fundamentally separate worlds, with little contact between the haves and the have-nots. And the further apart the rungs on the ladder of opportunity, the harder it is for a kid born into poverty to enter the middle class. Battlers and Billionaires sheds fresh light on what makes Australia distinctive, and what it means to have a€“ and keep a€“ a fair go.The top 1 per cent own 40 per cent of world wealth: James B. Davies, Susanna SandstrApm, Anthony Shorrocks and Edward N. Wolff, 2008, ... Davies, Rodrigo Lluberas and Antonios Koutsoukis, 2011, Global Wealth Report 2011, Credit Suisse Research Institute, Zurich, p. 49. ... SeeEric AldenSmith etal., 2010, a#39; Wealth Transmission andInequality amongHunterGatherersa#39;, Current Anthropology, Vol.51, No.

Title:Battlers and Billionaires
Author:Andrew Leigh
Publisher:Black Inc. - 2013-06-26


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