Elite Networks - The Political Economy of Inequality
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Elite Networks - The Political Economy of Inequality
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Elite Networks: The Political Economy of Inequality
https://FreeCourseWeb.com
English | May 3rd, 2024 | ISBN: 0197774237 | 385 pages | True PDF | 31.51 MB
Elite Networks presents a new explanatory factor behind the persistence of income inequality: extractive political power.
Elite networks are informal social networks between politicians in power and top executives of politically connected firms where personal ties and long-term interactions build trust and loyalty between involved actors. Both groups draw benefits from these interactions; politicians stay in power, and corporate executives extract rents for their firms. Firms reward connected executives with higher salaries thus widening the dispersion of earnings in society.