Wealth Inequality Asset Redistribution and Risk Sharing Islamic Finance is popular PDF and ePub book, written by Tarik Akin in 2019-03-04, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Wealth Inequality Asset Redistribution and Risk Sharing Islamic Finance can be Read Online from any device for your convenience.
Wealth Inequality Asset Redistribution and Risk Sharing Islamic Finance Book PDF Summary
Wealth inequality has been not only rising at unsustainable pace but also dissociated from income inequality because of the fact that wealth is increasing without concomitant increase in savings and productive capital. Compelling evidence indicates that capital gains and other economic rents are mainly responsible for wealth inequality and its divergence from income inequality. The main argument of the book is that interest-based debt contracts are one of the drivers of wealth inequality through creating disproportional economic rents for the asset-rich. The book also introduces the idea of risk-sharing asset-based redistribution, which is a novel and viable policy proposal, as an effective redistribution tool to address the wealth inequality problem. Furthermore, a large-scale stock-flow consistent macroeconomic model, which is step by step constructed in the book, sheds light on the formation of wealth inequality in a debt-based economy and on the prospective benefits of implementing risk-sharing asset-based redistribution policy tools compared to traditional redistribution policy options. The research presented in this book is novel in many respects and first of its kind in the Islamic economics and finance literature.
Detail Book of Wealth Inequality Asset Redistribution and Risk Sharing Islamic Finance PDF
- Author : Tarik Akin
- Release : 04 March 2019
- Publisher : Walter de Gruyter GmbH & Co KG
- ISBN : 9783110586664
- Genre : Business & Economics
- Total Page : 216 pages
- Language : English
- PDF File Size : 20,7 Mb
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