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Redistribution Of Wealth
Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others through a social mechanism such as taxation, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law. The term typically refers to redistribution on an economy-wide basis rather than between selected individuals. Understanding of the phrase varies, depending on personal perspectives, political ideologies and the selective use of statistics. It is frequently used in politics, to refer to perceived redistribution from those who have more to those who have less. Rarely, the term is used to describe laws or policies that cause redistribution in the opposite direction, from the poor to the rich. The phrase is sometimes related to the term ''class warfare'', where the redistribution is alleged to counteract harm caused by high-income earners and the wealthy through means such as unfairness and discrimination. R ...
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Income
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law. An extremely important definition of income is Haig–Simons income, which defines income as ''Consumption + Change in net worth'' and is widely used in economics. For households and individuals in the United States, income is defined by tax law as a sum that includes any wage, salary, profit, interest payment, rent, or other form of earnings received in a calendar year.Case, K. & Fair, R. (2007). ''Principles of Economics''. Upper Saddle River, NJ: Pearson Education. p. 54. Discretionary income is often defined as gross income minus taxes and other deductions (such as mandatory pension contributions), and is widely used as a ...
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United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ...
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Jubilee (biblical)
The Jubilee ( ''yōḇel;'' Yiddish: ''yoyvl'') is the year that follows the passage of seven "weeks of years" (seven cycles of sabbatical years, or 49 total years). This fiftieth year deals largely with land, property, and property rights. According to regulations found in the Book of Leviticus, certain indentured servants would be released from servitude, some debts would be forgiven, and everyone was supposed to return to their own property in jubilee years. Rabbinic literature mentions a dispute between the Sages and Rabbi Yehuda over whether it was the 49th year (the last year of seven sabbatical cycles, referred to as the Sabbath's Sabbath), or whether it was the following (50th) year. The biblical rules concerning sabbatical years are still observed by many religious Jews in Israel, but the practices prescribed for the Jubilee year have not been observed for many centuries. According to current interpretation of Torah in contemporary Rabbinic Judaism, the observance ...
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Ancient Jewish
Jewish history is the history of the Jews, their nation, religion, and culture, as it developed and interacted with other peoples, religions and cultures. Jews originated from the Israelites and Hebrews of historical Israel and Judah, two related kingdoms that emerged in the Levant during the Iron Age.The Pitcher Is Broken: Memorial Essays for Gosta W. Ahlstrom, Steven W. Holloway, Lowell K. Handy, Continuum, 1 May 1995
Quote: "For Israel, the description of the battle of Qarqar in the Kurkh Monolith of Shalmaneser III (mid-ninth century) and for Judah, a Tiglath-pileser III text mentioning (Jeho-) Ahaz of Judah (IIR67 = K. 3751), dated 734–733, are the earliest published to date."
Although the earliest mentio ...
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Convention (norm)
A convention influences a set of agreed, stipulated, or generally accepted standards, social norms, or other criteria, often taking the form of a custom. In outline of physical science, physical sciences, numerical values (such as constants, quantities, or scales of measurement) are called conventional if they do not represent a measured property of nature, but originate in a convention, for example an average of many measurements, agreed between the scientists working with these values. General A convention is a selection from among two or more alternatives, where the rule or alternative is agreed upon among participants. Often the word refers to unwritten customs shared throughout a community. For instance, it is conventional in many societies that strangers being introduced shake hands. Some conventions are explicitly legislated; for example, it is conventional in the United States and in Germany that motorists Left- and right-hand traffic, drive on the right side of the roa ...
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Ancient Civilisation
A civilization (also spelled civilisation in British English) is any complex society characterized by the development of the state, social stratification, urbanization, and symbolic systems of communication beyond signed or spoken languages (namely, writing systems). Civilizations are organized around densely-populated settlements, divided into more or less rigid hierarchical social classes of division of labour, often with a ruling elite and a subordinate urban and rural populations, which engage in intensive agriculture, mining, small-scale manufacture and trade. Civilization concentrates power, extending human control over the rest of nature, including over other human beings. Civilizations are characterized by elaborate agriculture, architecture, infrastructure, technological advancement, currency, taxation, regulation, and specialization of labour. Historically, a civilization has often been understood as a larger and "more advanced" culture, in implied contrast to ...
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Western Culture
Western culture, also known as Western civilization, European civilization, Occidental culture, Western society, or simply the West, refers to the Cultural heritage, internally diverse culture of the Western world. The term "Western" encompasses the social norms, ethical values, Tradition, traditional customs, belief systems, political systems, Cultural artifact, artifacts and technology, technologies primarily rooted in History of Europe, European and History of the Mediterranean region, Mediterranean histories. A broad concept, "Western culture" does not relate to a region with fixed members or geographical confines. It generally refers to the classical era cultures of Ancient Greece and Ancient Rome that expanded across the Mediterranean basin and Europe, and later circulated around the world predominantly through colonization and globalization. Historically, scholars have closely associated the idea of Western culture with the classical era of Greco-Roman antiquity. Howeve ...
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Government
A government is the system or group of people governing an organized community, generally a State (polity), state. In the case of its broad associative definition, government normally consists of legislature, executive (government), executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 list of sovereign states, independent national governments and government agency, subsidiary organizations. The main types of modern political systems recognized are democracy, democracies, totalitarian regimes, and, sitting between these two, authoritarianism, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also ...
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Palace Economy
A palace economy or redistribution economy is a Economic system, system of economic organization in which a substantial share of the wealth flows into the control of a Centralisation, centralized administration, the palace, and out from there to the general population. In turn the population may be allowed its own sources of income but Redistribution of income and wealth, relies heavily on the wealth distributed by the palace. It was traditionally justified on the principle that the palace was most capable of distributing wealth Economic efficiency, efficiently for the benefit of society. The temple economy (or temple-state economy) is a similar concept. The concept of economic distribution is at least as old as the advent of the pharaohs. Anthropologists have noted many such systems, from those of tribesmen engaged in common subsistence economy, subsistence economies of various sorts to complex civilizations, such as Economy of the Inca Empire, that of the Inca Empire, which ass ...
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Ancient History
Ancient history is a time period from the History of writing, beginning of writing and recorded human history through late antiquity. The span of recorded history is roughly 5,000 years, beginning with the development of Sumerian language, Sumerian cuneiform script. Ancient history covers all continents inhabited by humans in the period 3000 BCAD 500, ending with the Early Muslim conquests, expansion of Islam in late antiquity. The three-age system periodises ancient history into the Stone Age, the Bronze Age, and the Iron Age, with recorded history generally considered to begin with the Bronze Age. The start and end of the three ages vary between world regions. In many regions the Bronze Age is generally considered to begin a few centuries prior to 3000 BC, while the end of the Iron Age varies from the early first millennium BC in some regions to the late first millennium AD in others. During the time period of ancient history, the world population was Exponential growth, e ...
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Springer Science+Business Media
Springer Science+Business Media, commonly known as Springer, is a German multinational publishing company of books, e-books and peer-reviewed journals in science, humanities, technical and medical (STM) publishing. Originally founded in 1842 in Berlin, it expanded internationally in the 1960s, and through mergers in the 1990s and a sale to venture capitalists it fused with Wolters Kluwer and eventually became part of Springer Nature in 2015. Springer has major offices in Berlin, Heidelberg, Dordrecht, and New York City. History Julius Springer founded Springer-Verlag in Berlin in 1842 and his son Ferdinand Springer grew it from a small firm of 4 employees into Germany's then second-largest academic publisher with 65 staff in 1872.Chronology
". Springer Science+Business Media.
In 1964, Springer expanded its business internationally, op ...
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American Economic Association
The American Economic Association (AEA) is a learned society in the field of economics, with approximately 23,000 members. It publishes several peer-reviewed journals, including the Journal of Economic Literature, American Economic Review, and the Journal of Economic Perspectives. History and constitution The AEA was established in 1885 in Saratoga Springs, New York by younger progressive economists trained in the German historical school, including Richard T. Ely, Edwin Robert Anderson Seligman and Katharine Coman, the only woman co-founder; Since 1900, it has been under the control of academics. The Purposes of the Association are the following: 1) The encouragement of economic research, especially the historical and statistical study of the actual conditions of industrial life; 2) The issue of publications on economic subjects; 3) The encouragement of perfect freedom of economic discussion. The Association says that it takes no partisan attitude, nor does it comm ...
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