Reviews
This book helps explain how the rich increase their wealth so easily. It also seems useful as a reference when thinking about investing.
This book should be read as a textbook on economics. Yet when you read it, it is a textbook on democracy.
It exposes the unjust, dysfunctional mechanisms that let the top one percent control property and capital and siphon off wealth produced by others.
Who Are the Rich in the Age of Unearned Income is more than 530 pages of main text and as thick as a textbook. It lays bare where the wealth of the rich comes from and how they maintain it, things we have tried to ignore. One quotation particularly caught my eye: “If you give food to the poor, they call you a saint. If you ask why they are poor, they call you a communist.” (Elder Camara, former Brazilian Catholic archbishop.) Today, when wealth polarization has become a normal economic
This is an ideal book for looking at modern capitalism through the lens of unearned income. Timely and highly recommended for readers tired of business books focused only on how to succeed at investing. Above all, it is specific without being difficult.
I used to think, “I cannot live on salary alone,” and consider side jobs and side projects, so the phrase “age of unearned income” first caught my attention. I thought I should make money through unearned income, but had never considered what that really meant. This book helped me understand not only unearned income but also how inequality in modern capitalism threatens the sustainability of society as a whole, beyond economics alone. The examples connecting economic inequality with many other
Italian philosopher Antonio Gramsci said, “The crisis consists precisely in the fact that the old is dying and the new cannot be born.” This is not a Marxist book, but it shares that concern. At some point, we became a society where people are called foolish if they do not study investing. I was especially struck by the book’s discussion of what really lies behind the positive image associated with the word “investment.”
As we moved from the first half of 2024 into the second, it seemed fair to say the age of unearned income had arrived. In fact, with social media everywhere, I think it had been approaching for some time. Unearned income means money received without directly working for it, including interest, dividends, and rent. Who are the rich in this age? Before reading, I thought of views and advertising revenue in a society saturated with social media, and that curiosity led me to the book. As a beginner
Are the rich entitled to their money? Many people probably think they deserve their wealth because they earned it through hard work. In this book, renowned sociologist Andrew Sayer, an expert in moral economy, challenges the naive assumptions of modern society. Starting with the fundamental question, “Do we really live in a society where people are rewarded in proportion to their effort?”, he exposes the traps hidden in economic theories often assumed to be rational and logical. He takes apart
I think this book helps explain the structural causes of wealth becoming increasingly concentrated among the rich.
Andrew Sayer: The Identity of the Rich in the Era of Unearned Income
The wealth of the rich is growing as inequality expands in many countries and austerity policies take a severe toll. Who Are the Rich in the Age of Unearned Income exposes the unjust, dysfunctional mechanisms that let the top one percent control property and capital and siphon off wealth produced by others. Social scientist Andrew Sayer vividly shows how the wealthy around the world have increased their debts while strengthening their ability to expand political influence. This important book, winner of the British Academy’s 2015 Peter Townsend Award, decisively dismantles the myth that the rich create wealth through exceptional talent. It also reveals how their reliance on unsustainable growth threatens the planet. The book argues forcefully that economic and climate crises can be solved only through radical change that makes the economy sustainable and fair and improves everyone’s well-being. “It is time to end the rule of the rich!”
Korean title: 불로소득 시대 부자들의 정체
Korean author: 앤드류 세이어
Korean publisher: 여문책
ISBN-13: 9791187700050
Reviews
This book helps explain how the rich increase their wealth so easily. It also seems useful as a reference when thinking about investing.
This book should be read as a textbook on economics. Yet when you read it, it is a textbook on democracy.
It exposes the unjust, dysfunctional mechanisms that let the top one percent control property and capital and siphon off wealth produced by others.
Who Are the Rich in the Age of Unearned Income is more than 530 pages of main text and as thick as a textbook. It lays bare where the wealth of the rich comes from and how they maintain it, things we have tried to ignore. One quotation particularly caught my eye: “If you give food to the poor, they call you a saint. If you ask why they are poor, they call you a communist.” (Elder Camara, former Brazilian Catholic archbishop.) Today, when wealth polarization has become a normal economic
This is an ideal book for looking at modern capitalism through the lens of unearned income. Timely and highly recommended for readers tired of business books focused only on how to succeed at investing. Above all, it is specific without being difficult.
I used to think, “I cannot live on salary alone,” and consider side jobs and side projects, so the phrase “age of unearned income” first caught my attention. I thought I should make money through unearned income, but had never considered what that really meant. This book helped me understand not only unearned income but also how inequality in modern capitalism threatens the sustainability of society as a whole, beyond economics alone. The examples connecting economic inequality with many other
Italian philosopher Antonio Gramsci said, “The crisis consists precisely in the fact that the old is dying and the new cannot be born.” This is not a Marxist book, but it shares that concern. At some point, we became a society where people are called foolish if they do not study investing. I was especially struck by the book’s discussion of what really lies behind the positive image associated with the word “investment.”
As we moved from the first half of 2024 into the second, it seemed fair to say the age of unearned income had arrived. In fact, with social media everywhere, I think it had been approaching for some time. Unearned income means money received without directly working for it, including interest, dividends, and rent. Who are the rich in this age? Before reading, I thought of views and advertising revenue in a society saturated with social media, and that curiosity led me to the book. As a beginner
Are the rich entitled to their money? Many people probably think they deserve their wealth because they earned it through hard work. In this book, renowned sociologist Andrew Sayer, an expert in moral economy, challenges the naive assumptions of modern society. Starting with the fundamental question, “Do we really live in a society where people are rewarded in proportion to their effort?”, he exposes the traps hidden in economic theories often assumed to be rational and logical. He takes apart
I think this book helps explain the structural causes of wealth becoming increasingly concentrated among the rich.
