A new perspective on the neoliberal world through the prism of rents and rentiers
How can we reduce inequalities? How can we make work get better recognition and better pay?
Philippe Askenazy in this new book shows that the current share of wealth is far from natural; it results from rising rents and their capture by the actors best endowed in the economic game. In this race for rents, the world of work is the big loser: while many workers feed capital rents by increased productivity and worsened working conditions, they are stigmatised as unproductive and their earnings stagnate. By proposing a new description of the capital-work relationship, calling for a remobilisation of the world of work, and particularly poorly paid employees, Askenazy shows that there is a more radical alternative to neoliberalism beyond simply redistribution.
About the Author
Philippe Askenazy is a specialist of labour and employment relations. He is a senior economist at the French National Center for Scientific Research, and a fellow of NIESR (London) and IZA (Bonn). He is also a columnist for Le Monde. He is the co-initiator of the collective called the Appalled Economists, a group aiming to stimulate collective thinking and public expression of economists who do not resign themselves to the predominant neoliberal orthodox doctrine. His Manifesto of the Appalled Economists, written with three co-authors, was translated into dozens of languages.