The Price of Inequality: How Today's Divided Society Endangers Our Future
A forceful argument against America's vicious circle of growing inequality by the Nobel Prize–winning economist.America currently has the most inequality, and the least equality of opportunity, among the advanced countries. While market forces play a role in this stark picture, politics has... show more
A forceful argument against America's vicious circle of growing inequality by the Nobel Prize–winning economist.America currently has the most inequality, and the least equality of opportunity, among the advanced countries. While market forces play a role in this stark picture, politics has shaped those market forces. In this best-selling book, Nobel Prize–winning economist Joseph E. Stiglitz exposes the efforts of well-heeled interests to compound their wealth in ways that have stifled true, dynamic capitalism. Along the way he examines the effect of inequality on our economy, our democracy, and our system of justice. Stiglitz explains how inequality affects and is affected by every aspect of national policy, and with characteristic insight he offers a vision for a more just and prosperous future, supported by a concrete program to achieve that vision.
Publish date: June 11th 2012
Publisher: W. W. Norton & Company
Pages no: 448
Edition language: English
, Social Science
, Social Issues
, Social Movements
, Social Justice
Joseph Stiglitz is a Nobel prize economist, a rich person, and he is not wanting complete equality. No. He wants less inequality as he see this as destabilizing society that lead to social unrest and disasters. So, he write books. He tried to tell normal people how the system is cheating people. H...
It's dense, as you'd expect. But his argument is solid, and well worth familiarizing yourself with.
Joseph E. Stiglitz, a 2001 Nobel Prize winning economist, in this book targets numerous examples of economic activity/policy what lead to consequences incompatible with America's self image as the "land of opportunity." All through the book he points out needless inefficiencies that are embedded in...
The text is dense and the writing occasionally dry but Stiglitz explains complex economic issues with great clarity and thoughtful analysis. Anyone seeking an understanding of the developments that lead to the economic collapse of 2008 and the "Great Recession" will find this book enlightening.