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The Wealth of the Elite

Toward a New Gilded Age

Authors: Tsigos, Stamatios, Daly, Kevin

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  • Analyses the processes through which the modern forms of large fortunes are amassed
  • Offers an alternative perspective on why we have witnessed the growth of a new social class of ultra rich
  • Provides numerous statistics on the richest rich from various sources
  • Examines models of wealth accumulation looking at the determinants and discussing various theories dealing with wealth accumulation
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  • ISBN 978-981-15-2148-5
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About this book

This book analyses the processes through which the modern forms of large fortunes are amassed. Despite the recent spate of governmental and non-governmental interest in inequality (be it wealth or income), the most privileged and fortunate have not generated much interest in mainstream economics. As the issue of wealth accumulation is multifaceted, the proposed book will not merely be an exercise in business history but deals with the issue from multiple perspectives, accordingly employing alternative research methods. Broadly, the trends and dynamics in high-tier wealth accumulation are coupled to the economic, political and social mechanisms that have been in play for at least half a century or more in some parts of the world. This approach leads to potential policy implications since much of the debate on wealth distribution centres on the extent to which wealth has been ‘justly’ attained. Further, how wealth is distributed in the capitalist system can have an impact upon economic growth.This book offers an alternative perspective on why we have witnessed the growth of a new social class of ultra rich.  This book will be of interest to academics and researchers in international economic bodies.

About the authors

Stamatios Tsigos is an industry consultant working in Melbourne, Australia.  Prior appointments have included various teaching and industry positions. Academic appointments have included tutor in finance at Western Sydney University, Lecturer at Deakin College and Deakin University and as a research and teaching assistant at Monash University. He has worked at various companies in the financial services industry in the areas of wealth management and consulting. Stamatios’s research interests include risk preferences, wealth inequality, and public finance. He has a Ph.D. from Western Sydney University and an Honours  degree from Monash University.

Kevin Daly is Professor of Economics, Finance and Property at the University of Western Sydney, Australia.  Prior appointments included Senior Tutor in Economics at the University of Adelaide, Lecturer in Business Studies at the University of Brighton (UK) and Economics and Finance Tutor at Sussex University. Before joining academia Kevin worked at various positions in Merchant Banking in the City of London. Kevin’s research revolves around applied finance and open economy macroeconomics; researching the effects of financial volatility on real economic activity. 

Table of contents (6 chapters)

Table of contents (6 chapters)

Buy this book

eBook $89.00
price for USA (gross)
  • ISBN 978-981-15-2148-5
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA
  • ISBN 978-981-15-2147-8
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
The Wealth of the Elite
Book Subtitle
Toward a New Gilded Age
Authors
Copyright
2020
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
eBook ISBN
978-981-15-2148-5
DOI
10.1007/978-981-15-2148-5
Hardcover ISBN
978-981-15-2147-8
Edition Number
1
Number of Pages
XIII, 234
Number of Illustrations
31 b/w illustrations
Topics

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