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.

• ForewordAcknowledgmentsList of Figures and Tables1 The Nature of the Crisis1 Underconsumption, Prices and Profits2 Excess Commodities, Excess Needs3 Pressure to Purchase, Debt and Speculation4 Financial Speculation and the Ratings Agencies5 Currency Conflict2 Dollar vs. Euro From the 2010 Attack to the final surrender of 20151 An Evening in Manhattan2 The Spectre of Speculation3 The Final Surrender: The Greek Clinamen4  ttip , tpp and Global Conflict3 A Flood of Liquidity From qe towards a New Despotic Management of Capitalism1 ‘Hostile Brothers’ and Fictitious Capital2 Quantitative Easing ( qe )3 The Effects of Quantitative Easing4 Capitalism’s Addiction Problem5 When It Rains, It Pours6 Capital’s New Despotism4 Income Distribution Concepts, Analytical Tools and Empirical Evidence1 Income Distribution1.1 Basic Concepts1.2 Representing Income Distribution2 Global Income Distribution2.1 Income Distribution in Italy3 Economic Inequality3.1 Measuring Inequality3.2 Relative vs. Absolute Inequality3.3 Inequality in the World4 Income Inequality in Italy4.1 The Causes of Inequality5 Poverty: Definition and Measurement6 Defining Poverty6.1 Standard of living6.2 Uni- and Multidimensional Poverty6.3 Relative and Absolute Poverty7 Poverty Lines7.1 Measuring Poverty7.2 Poverty in the World7.3 Poverty in Italy8 Income Polarisation8.1 Definition8.2 Inequality and Income Polarisation8.3 Measuring Income Polarisation8.4 Income Polarisation in Practice5 The Effects of the Crisis on Poverty and Inequality1 More People in Poverty?2 A Less Equal World?6 Pandemic, Crisis, Inequality and Conflict1 The Crisis Scenario Pre Covid 192 Epidemic, Misery, Inequality and Conflict7 Afterword Socialism or Barbarism: Where Do We Go from Crisis, Inequalities and Poverty?Haider A. KhanReferencesIndex