Crisis, Inequalities and Poverty

Francesco Schettino is Professor of Economics at the University of Campania L. Vanvitelli. He has published extensively on global political economy and Marxist theory and is a founder of the Universtità; Popolare Antonio Gramsci. Fabio Clementi is Professor of Economics at the University of Macerata, Italy. Specialising in income distribution and inequality, he has published a number of books and articles internationally and is currently a consultant for the World Bank.

Foreword


Acknowledgments


List of Figures and Tables


1 The Nature of the Crisis

 1 Underconsumption, Prices and Profits


 2 Excess Commodities, Excess Needs


 3 Pressure to Purchase, Debt and Speculation


 4 Financial Speculation and the Ratings Agencies


 5 Currency Conflict




2 Dollar vs. Euro From the 2010 Attack to the final surrender of 2015

 1 An Evening in Manhattan


 2 The Spectre of Speculation


 3 The Final Surrender: The Greek Clinamen


 4  ttip , tpp and Global Conflict




3 A Flood of Liquidity From qe towards a New Despotic Management of Capitalism

 1 ‘Hostile Brothers’ and Fictitious Capital


 2 Quantitative Easing ( qe )


 3 The Effects of Quantitative Easing


 4 Capitalism’s Addiction Problem


 5 When It Rains, It Pours


 6 Capital’s New Despotism




4 Income Distribution Concepts, Analytical Tools and Empirical Evidence

 1 Income Distribution

 1.1 Basic Concepts


 1.2 Representing Income Distribution




 2 Global Income Distribution

 2.1 Income Distribution in Italy




 3 Economic Inequality

 3.1 Measuring Inequality


 3.2 Relative vs. Absolute Inequality


 3.3 Inequality in the World




 4 Income Inequality in Italy

 4.1 The Causes of Inequality




 5 Poverty: Definition and Measurement


 6 Defining Poverty

 6.1 Standard of living


 6.2 Uni- and Multidimensional Poverty


 6.3 Relative and Absolute Poverty




 7 Poverty Lines

 7.1 Measuring Poverty


 7.2 Poverty in the World


 7.3 Poverty in Italy




 8 Income Polarisation

 8.1 Definition


 8.2 Inequality and Income Polarisation


 8.3 Measuring Income Polarisation


 8.4 Income Polarisation in Practice




5 The Effects of the Crisis on Poverty and Inequality

 1 More People in Poverty?


 2 A Less Equal World?




6 Pandemic, Crisis, Inequality and Conflict

 1 The Crisis Scenario Pre Covid 19


 2 Epidemic, Misery, Inequality and Conflict




7 Afterword Socialism or Barbarism: Where Do We Go from Crisis, Inequalities and Poverty?

  Haider A. Khan


References


Index