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Price Of Inequality, The - Joseph Stiglitz

Price Of Inequality, The

Paperback Published: 14th June 2013
ISBN: 9780718197384
Number Of Pages: 592

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The social impact of inequality is now increasingly understood - higher crime, health problems and mental illness, lower educational achievements and life expectancy. But what are the causes of inequality, why is it growing so rapidly and what are its economic and political impacts? In this exceptional book Joseph Stiglitz gives the answers.

He shows how, left to their own devices, markets are neither efficient nor stable and tend to accumulate money in the hands of the few rather than engender competition, producing slower growth and lower GDP. He also demonstrates how political institutions, far from countering these trends, often enhance them. Arguing that 'another world is possible', The Price of Inequality provides a powerful, vital critique of free-market ideas.

'Superb and original . . . Stiglitz is a rare combination of virtuoso economist, witty polemicist and public intellectual' Robert Kuttner, New Statesman

'Important and smart . . . a searing read' Nicholas Kristof, The New York Times

'The often inchoate anger seen in Occupy Wall Street is given shape, fluency, substance and authority by Stiglitz . . . he methodically and lyrically (almost joyously) exposes the myths that provide justification for 'deficit fetishism''' Yvonne Roberts, Observer

'Trenchant, engaging . . . Stiglitz writes clearly and provocatively' Dante Chinni, Washington Post

'A towering genius of economics' Independent

Industry Reviews

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

ISBN: 9780718197384
ISBN-10: 0718197380
Audience: General
Format: Paperback
Language: English
Number Of Pages: 592
Published: 14th June 2013
Publisher: Penguin Books Ltd
Country of Publication: GB
Dimensions (cm): 19.6 x 13.5  x 3.0
Weight (kg): 0.41
Edition Number: 1

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Joseph Stiglitz

About the Author


Joseph Stiglitz was Chief Economist at the World Bank until January 2000. Before that he was Chairman of President Clinton's Council of Economic Advisors. He is currently Professor of Finance and Economics at Columbia University. He won the Nobel Prize for Economics in 2001.Stiglitz has received more than 40 honorary degrees, including from Cambridge and Harvard, and he has been decorated by several governments including Bolivia, Korea, Colombia, Ecuador, and France, where he was appointed a member of the Legion of Honor, order Officer. In 2018 he was awarded the Sydney Peace Prize.

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