Richard Layard is one of Britains foremost applied economists. His work has had a profound impact on the policy debate in Britain and abroad. This book contains his most influential articles on education, equality and income distribution and on the lessons of economic transition in Eastern Europe. It is published along with a companion volume. Educational Inequality argues that lifetime inequality is the basic inequality we should worry about. In this context education is a powerful instrument of redistribution, as well as a national investment. Cash redistribution has efficiency costs which can be calculated, but it may also serve to discourage inefficient overwork arising from each persons efforts to earn more than his neighbor. A final series of essays is based on Layards recent work on reform strategies in Russia and Poland. The book opens with Richard Layards personal credo "Why I became an economist."

Binding: Hardcover;544 pages; Publisher: Springer Nature B.V.; Classification: JN; Weight: 894.74 g; Dimensions: 216 x 140

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