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Lindsey, Brink, and Teles, Steven. The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality

Oxford UP, New York, 2017, pp. viii, 221, Index, ISBN: 978-0-19-062776-8
  • Gary Chartier
Book review

Inequality is an object of moral and political concern for diverse reasons. In some cases, the concern is prompted by utilitarian convictions, linked with belief in the diminishing marginal utility of money and other goods. In some cases, it reflects a presumption of shared ownership and shared fate. In others, rough material equality is taken to be a corollary of the acknowledgment of moral equality. But in all these cases, inequality of condition is understood implicitly as valuable for its own sake. On an alternative family of views, by contrast, material inequality rightly prompts outrage, when it does, because of (some of) the sources of unequal wealth and the uses to which great wealth may be put in extracting special favors from the political system—and thus further increasing inequality.

The Captured Economyis a thoughtful development of this last sort of concern with inequality. It emerges from an effort by unlikely allies to identify and challenge state-secured privileges...

Copyright information

© Springer Science+Business Media B.V., part of Springer Nature 2018

Authors and Affiliations

  1. 1.Tom and Vi Zapara School of BusinessLa Sierra UniversityRiversideUSA

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