In Recasting Egalitarianism , part of Verso's Real Utopias series, economists Samuel Bowles and Herbert Gintis diagnose the current malaise of the Left as a result of the obsolescence of its traditional economic models. They propose to rejuvenate the egalitarian project through a strategy of asset-based redistribution, drawing in novel ways on markets, competition, state regulation and community governance. In this major work on economic and social policy, the authors address the twin challenges posed by a globally integrated economy and the key economic roles now played by information, motivation, and other intangibles. They propose an egalitarian redistribution of assets--land, capital, and housing--and argue for the beneficial disciplining effects of competition both in markets and among publicly-funded service providers, pointing out that the injustices commonly associated with markets can be avoided if assets are more equally distributed. The lead essay in the book lays out the underlying logic of this proposal in some detail. This is followed by responses by critics and supporters.
All the contributors to this volume are seriously committed to solving the persistent riddle of economic inequality in advanced economies as well as preventing the undermining of democracy by the concentration of wealth and power in the hands of a few. To this end, they set out bold proposals which transcend the pitfalls of both corporate capitalism and the now defunct, East European socialisms. Issues such as property rights, housing, school choice, political associations, economic efficiency and the benefits of asset redistribution are all discussed with rigor and clarity by the several contributors. All the topics are excellent counterblasts to the current aopologists for Conservative policies in the era of 'globalization'. This one is a must for all those concerned about the future of economic justice and the evolution of democratic societies.
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