What is the future of economic inequality?

Todd A. Knoop

Chapter 9 in Understanding Economic Inequality, 2025, pp 255-268 from Edward Elgar Publishing

Abstract: There is always value in looking forward, even when forecasting in economics is murky enough to make any prediction about the future likely to be wrong. This book concludes with a discussion of the most important continuing trends in economic inequality and the factors that are most likely to drive the distribution of income and wealth in the future, such as climate change and global warming, the evolving state of globalization, the growing movement toward protectionism, and the decline in income redistribution policies. Despite the fact that this book is about the seemingly dour topic of economic inequality, rising economic inequality does not have to be the inevitable outcome of capitalism. In fact, we can have a world that is both more productive and more fair, and there are effective tools at our disposal that can unlock entry to this world if we can first educate ourselves about the full causes and consequences of economic inequality, and then choose to take the appropriate actions.

Keywords: Globalization; Protectionism; Climate change; Global warming; Income redistribution (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035360116
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