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Varieties of wealth

Toward a Comparative Sociology of Wealth Inequality

Bibliographic Data

ID4237669
AuthorsJens Beckert (0000-0002-0892-9506, Max Planck Institute for the Study of Societies, Cologne, Germany, corresponding author)
Year2024
Volume22
Issue2
Pages475-499
Publication date2024-06-20
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueSocio-Economic Review (JOURNAL)
Journal identifiersISSN: 1475-1461 • E-ISSN: 1475-147X
PublisherOxford University Press (PUBLISHER • GB)
DOI10.1093/ser/mwad068
OpenAlexW4390243279
LanguageEN
Citations received23
References cited75

Research on wealth inequality and wealth concentration has made much progress in establishing statistics on the distribution of private wealth, its historical development, and its components in a large set of countries. Yet, this research is less concerned with country-specific contexts that have an impact on the practical relevance of private wealth and its distribution. This article develops a framework for comparative research that is interested in this question. Starting from a typology that distinguishes six "capacities of wealth," it asserts that private assets can be more important, more powerful, or more tolerable, depending on the institutional regulation of the political economy, for example, limitations on private property rights, welfare state redistribution, the electoral system, and cultural patterns of wealth legitimation. Using the USA and Germany as exemplary cases, I show that such differences exist and are politically relevant and that investigating the practical significance of private wealth in different political economies would open up new research trajectories in wealth research

Distribution (mathematics · Distribution of wealth · Economic inequality · Economics · Inequality · Legitimation · Market economy · National wealth · Neoclassical economics · Political science · Politics · Private property · Public economics · Public good · Redistribution (election · Redistribution of income and wealth · Sociology · Typology · Welfare · Welfare state · Finance · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US · Social Policy and Reform Studies

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Unique citing works23
Citations per year5,75
Citation span2022 - 2026 (5)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 22
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