The Price of Inequality
How Today's Divided Society Endangers Our Future
By Joseph E. Stiglitz
(W. W. Norton & Company, Hardcover, 9780393088694, 448pp.)
Publication Date: June 2012
Other Editions of This Title: Compact Disc, Compact Disc, MP3 CD
Categories: Social Classes, Economic Conditions
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Description
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.
Tuesday, Jun 5, 2012
In The Price of Inequality, Nobel Prize-winning economist Joseph Stiglitz argues that widely unequal societies don't function effectively or have stable economies. Even the rich will pay a steep price if economic inequalities continue to worsen, he says. More at NPR.org
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