The top 1 percent of Americans control 40 percent of the nation's wealth. And, as Joseph E. Stiglitz explains, while those at the top enjoy the best health care, education, and benefits of wealth, they fail to realize that "their fate is bound up with how the other 99 percent live." Stiglitz draws on his deep understanding of economics to show that growing inequality is not inevitable: moneyed interests compound their wealth by stifling true, dynamic capitalism. They have made America the most unequal advanced industrial country while crippling growth, trampling on the rule of law, and undermining democracy. The result: a divided society that cannot tackle its most pressing problems. With characteristic insight, Stiglitz examines our current state, then teases out its implications for democracy, for monetary and budgetary policy, and for globalization. He closes with a plan for a more just and prosperous future.
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Comments about The Price of Inequality:
Very good analysis of the way the US economy is working for the 1% and letting the rest spiral to poverty. Short on solutions - the hard bit. The "market place" is like fire; can be used for good but can also destroy if left uncontrolled. Society has to learn to set the targets it needs the market to deliver, put in appropriate "fire" controls then let creativity and self interest deliver on those targets;regularly review.
Simply saying tax more and spend more does not inspire productive actions.
"The single most comprehensive counterargument to both Democratic neoliberalism and Republican laissez-faire theories. While credible economists running the gamut from center right to center left describe our bleak present as the result of seemingly unstoppable developments-globalization and automation, a self-replicating establishment built on 'meritocratic' competition, the debt-driven collapse of 2008-Stiglitz stands apart in his defiant rejection of such notions of inevitability. He seeks to shift the terms of the debate." -- Thomas B. Edsall "An impassioned argument backed by rigorous economic analysis."
Number Of Pages: 560
Published: 8th April 2013
Publisher: WW Norton & Co
Country of Publication: US
Dimensions (cm): 20.8 x 14.0 x 3.8
Weight (kg): 0.45