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Inherited Wealth

Jens Beckert

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Princeton University Press img Link Publisher

Geisteswissenschaften, Kunst, Musik / Pädagogik

Beschreibung

How to regulate the transfer of wealth from one generation to the next has been hotly debated among politicians, legal scholars, sociologists, economists, and philosophers for centuries. Bequeathing wealth is a vital ingredient of family solidarity. But does the reproduction of social inequality through inheritance square with the principle of equal opportunity? Does democracy suffer when family wealth becomes political power?


The first in-depth, comparative study of the development of inheritance law in the United States, France, and Germany, Inherited Wealth investigates longstanding political and intellectual debates over inheritance laws and explains why these laws still differ so greatly among these countries. Using a sociological perspective, Jens Beckert sheds light on the four most controversial issues in inheritance law during the past two centuries: the freedom to dispose of one's property as one wishes, the rights of family members to the wealth bequeathed, the dissolution of entails (which restrict inheritance to specific classes of heirs), and estate taxation. Beckert shows that while the United States, France, and Germany have all long defended inheritance rights based on the notion of individual property rights, they have justified limitations on inheritance rights in profoundly different ways, reflecting culturally specific ways of understanding the problems of inherited wealth.

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Schlagwörter

Right to property, Public expenditure, Tax revenue, The Spirit of the Laws, Law commission, Tax, Utilitarianism, George Soros, Original intent, Total loss, Institution, Private property, Union Movement, Rule against perpetuities, Property law, Inheritance tax, Rechtsstaat, Nationalization, Liberal socialism, Right-wing politics, Economic liberalism, Economics, Tax reform, Huey Long, Safeguard, Richard T. Ely, Social liberalism, Liberal corporatism, Nobility, Marriage settlement (England), Bourgeoisie, Neoliberalism, Redistribution of income and wealth, Despotism, Individualism, Progressive Era, Consumption tax, Political revolution, Populism, Solidarism, Income, Joseph Caillaux, New Laws, Robert Blum, Majorat, Fee tail, Testator, Progressivism in the United States, Politique, Secularization, Tax incidence, Eduard Bernstein, Legitimacy (family law), Tax law, Tax competition, Equal opportunity, Republican liberalism, The Theory of the Leisure Class, Radicalism (historical), Spouse, Primogeniture, Civil code, Coutume, Economic power, Tax rate, Wealth, Liberalism, Estate tax in the United States, Progressive tax, Dynastic wealth