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Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance

By Tarik Akin, Abbas Mirakhor
eBook
$139.99
By Tarik Akin, Abbas Mirakhor
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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 th...

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