Bubbles, Booms, and Busts: The Rise and Fall of Financial Assets
This book deals at some length with the question: Since there are many more poor than rich, why don’t the poor just tax the rich heavily and reduce the inequality? In the 19th century and the first half of the 20th century, the topic of inequality was discussed widely. Ending or reducing inequality...
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| Ngôn ngữ: | English |
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Springer
2015
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oai:scholar.dlu.edu.vn:DLU123456789-593602023-11-11T06:37:00Z Bubbles, Booms, and Busts: The Rise and Fall of Financial Assets RAPP, Donald Economics History Financial crises Business cycles -- History This book deals at some length with the question: Since there are many more poor than rich, why don’t the poor just tax the rich heavily and reduce the inequality? In the 19th century and the first half of the 20th century, the topic of inequality was discussed widely. Ending or reducing inequality was a prime motivating factor in the emergence of communism and socialism. The book discusses why later in the 20th century, inequality has faded out as an issue. Extensive tables and graphs of data are presented showing the extent of inequality in America, as well as globally. It is shown that a combination of low taxes on capital gains contributed to a series of real estate and stock bubbles that provided great wealth to the top tiers, while real income for average workers stagnated. Improved commercial efficiency due to computers, electronics, the Internet and fast transport allowed production and distribution with fewer workers, just as the advent of electrification, mechanization, production lines, vehicles and trains in the 1920s and 1930s produced the same stagnating effect. 2015-12-09T07:25:00Z 2015-12-09T07:25:00Z 2015 Book 978-1-4939-1092-2 978-1-4939-1091-5 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/59360 en application/pdf Springer |
| institution |
Thư viện Trường Đại học Đà Lạt |
| collection |
Thư viện số |
| language |
English |
| topic |
Economics History Financial crises Business cycles -- History |
| spellingShingle |
Economics History Financial crises Business cycles -- History RAPP, Donald Bubbles, Booms, and Busts: The Rise and Fall of Financial Assets |
| description |
This book deals at some length with the question: Since there are many more poor than rich, why don’t the poor just tax the rich heavily and reduce the inequality? In the 19th century and the first half of the 20th century, the topic of inequality was discussed widely. Ending or reducing inequality was a prime motivating factor in the emergence of communism and socialism. The book discusses why later in the 20th century, inequality has faded out as an issue. Extensive tables and graphs of data are presented showing the extent of inequality in America, as well as globally. It is shown that a combination of low taxes on capital gains contributed to a series of real estate and stock bubbles that provided great wealth to the top tiers, while real income for average workers stagnated. Improved commercial efficiency due to computers, electronics, the Internet and fast transport allowed production and distribution with fewer workers, just as the advent of electrification, mechanization, production lines, vehicles and trains in the 1920s and 1930s produced the same stagnating effect. |
| format |
Book |
| author |
RAPP, Donald |
| author_facet |
RAPP, Donald |
| author_sort |
RAPP, Donald |
| title |
Bubbles, Booms, and Busts:
The Rise and Fall of Financial Assets |
| title_short |
Bubbles, Booms, and Busts:
The Rise and Fall of Financial Assets |
| title_full |
Bubbles, Booms, and Busts:
The Rise and Fall of Financial Assets |
| title_fullStr |
Bubbles, Booms, and Busts:
The Rise and Fall of Financial Assets |
| title_full_unstemmed |
Bubbles, Booms, and Busts:
The Rise and Fall of Financial Assets |
| title_sort |
bubbles, booms, and busts:
the rise and fall of financial assets |
| publisher |
Springer |
| publishDate |
2015 |
| url |
https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/59360 |
| _version_ |
1782543516718596096 |