Financialization and inequalities in income and wealth
Other Title(s)
طغيان النشاط المالي و عدم المساواة في الدخل و الثروة
Author
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 31, Issue 1 (31 Jan. 2018), pp.129-135, 7 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2018-01-31
Country of Publication
Saudi Arabia
No. of Pages
7
Main Subjects
Economy and Commerce
Financial and Accounting Sciences
Topics
Abstract EN
The inequality issue has become a central concern for the majority of economists.
Financialization is, among others, a major cause of inequalities in income and wealth.
This paper examines opinions of some noted scholars on this issue.
In reality, the financial sector has moved away from its basic function of allocating capital to productive uses, to those activities which do not create wealth rather, they transfer it from others to finance manipulators.
Financialization leads to the development of new financial products that are several layers away from the real economy.
The oversized financial sector has strayed away from its essential function.
Several empirical studies document that “too much finance” may hamper growth, create distortions, and contribute to income inequality.
American Psychological Association (APA)
Ansari, Walid Ahmad. 2018. Financialization and inequalities in income and wealth. Journal of King Abdulaziz University : Islamic Economics،Vol. 31, no. 1, pp.129-135.
https://search.emarefa.net/detail/BIM-783285
Modern Language Association (MLA)
Ansari, Walid Ahmad. Financialization and inequalities in income and wealth. Journal of King Abdulaziz University : Islamic Economics Vol. 31, no. 1 (Jan. 2018), pp.129-135.
https://search.emarefa.net/detail/BIM-783285
American Medical Association (AMA)
Ansari, Walid Ahmad. Financialization and inequalities in income and wealth. Journal of King Abdulaziz University : Islamic Economics. 2018. Vol. 31, no. 1, pp.129-135.
https://search.emarefa.net/detail/BIM-783285
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 133-134
Record ID
BIM-783285