Limitarianism: The Case Against Extreme Wealth - Hardcover

by Ingrid Robeyns (Author)An original, bold, and convincing argument for a cap on wealth by the philosopher who coined the term "limitarianism" "Ingrid Robeyns makes a compelling case for limiting extreme wealth, along economic, political and moral lines—and outlines the structural, fiscal and ethical actions required to achieve this. This argument has never been more important, and this book is a persuasive call to action." - Jayati Ghosh, Professor of Economics, University of Massachusetts Amherst "There is a limit beyond which additional wealth can’t do much to enhance its owner’s life or happiness. But our economic system generates fortunes far beyond any such limit. Is the existence of billionaires and multi-millionaires a necessary feature of a system that makes everyone better off in the long run? Or is it one of the sources of the growing inequality and political breakdown that we see today? Ingrid Robyens makes a convincing case that an upper limit on wealth would be good for society as a whole and even for the wealthy themselves." - John Quiggin, author of Zombie Economics "Robeyns has written an essential book from a radical point of view. It is high time someone asked the question, "Is there such a thing as having too much money?" Along with its corollary question, 'So what are we going to do about it?' Robeyns tackles both with deep knowledge, experience and empathy." - Abigail Disney, filmmaker, philanthropist, and activist How much money is too much? Is it ethical, and democratic, for an individual to amass a limitless amount of wealth, and then spend it however they choose? Many of us feel that the answer to that is no--but what can we do about it? Ingrid Robeyns has long written and argued for the principle she calls "limitarianism"--or the need to limit extreme wealth. This idea is gaining momentum in the mainstream - with calls to "tax the rich" and slogans like "every billionaire is a policy failure"--but what does it mean in practice? Robeyns explains the key reasons to support the case against extreme wealth: It keeps the poor poor and inequalities growing It's often dirty money It undermines democracy It's one of the leading causes of climate change Nobody actually deserves to be a millionaire There are better things to do with excess money The rich will benefit, too This will be the first authoritative trade book to unpack the concept of a cap on wealth, where to draw the line, how to collect the excess and what to do with the money. In the process, Robeyns will ignite an urgent debate about wealth, one that calls into question the very forces we live by (capitalism and neoliberalism) and invites us to a radical reimagining of our world. Author Biography INGRID ROBEYNS holds master degrees in economics and philosophy, and obtained her PhD for a thesis on gender inequality and the capability approach at Cambridge University. She currently holds the chair in ethics of institutions at Utrecht University. In 2018, she was elected as a member of the Netherlands Royal Academy of Sciences and Arts. In 2021, she was awarded an Emma Goldman Award for her work on inequality studies and feminism by the FLAX foundation in Vienna. She lives in Utrecht, Netherlands.