The Price of Inequality: How Today's Divided Society Endangers Our Future - Joseph E. Stiglitz

The Price of Inequality: How Today's Divided Society Endangers Our Future

By Joseph E. Stiglitz

  • Release Date: 2012-06-11
  • Genre: Economics
Score: 3.5
3.5
From 210 Ratings

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Description

A forceful argument against America's vicious circle of growing inequality by the Nobel Prize–winning economist.

The top 1 percent of Americans control some 40 percent of the nation’s wealth. But as Joseph E. Stiglitz explains in this best-selling critique of the economic status quo, this level of inequality is not inevitable. Rather, in recent years well-heeled interests have compounded their wealth by stifling true, dynamic capitalism and making America no longer the land of opportunity that it once was. They have made America the most unequal advanced industrial country while crippling growth, distorting key policy debates, and fomenting a divided society. Stiglitz not only shows how and why America’s inequality is bad for our economy but also exposes the effects of inequality on our democracy and on our system of justice while examining how monetary policy, budgetary policy, and globalization have contributed to its growth. With characteristic insight, he diagnoses our weakened state while offering a vision for a more just and prosperous future.

Reviews

  • The price of inequality

    5
    By Terry rms
    Great book,learned much from it
  • Intelligent, Concise and Practical Progressive Economics

    5
    By MDTannen
    This book is exciting, interesting and thoughtful, and very provocative. It is outstanding, carefully-researched and well-written for an educated, open-minded and sophisticated audience. It offers readers an intelligent progressive thesis with practical real solutions, and it should be an important part of modern global progressive socio-economics curricula as our fragile world is increasingly threatened by small-minded politics, social demagoguery and reactionary regressive economics.
  • Clear and well written

    5
    By Cmlfl
    Written by a Nobel Prize winner in Economics the author provides a clear and reasonable explaination for the problems we are currently experiencing in this country. While those who only think of their own gain will revile Mr. Stiglitz reasoning and recommendations, people with a concience will read it and understand that the author is not comdemming capitalization outright but saying there is a better way for people to profit but also that there is a way where people can profit but not to the point where most of the population has to suffer while only a few profit. Well written and well documented. Worht the purchase price.
  • Inconsistency of Inequality

    1
    By Cleeeb
    In this clear attempt to justify a tiny segment of the mutterings of the disjointed Occupy participants, the glaring hypocrisies (whereas this book should be free according the some of the professed notions of the book, to avoid the evils of individual wealth as a 1%er) and the clear Marxist ideology outshine the statistics and the known fact that statistics are easily malleable. Do not waste your time on this book, unless you are looking to study logical fallacies and illogical conclusions.
  • So 2011

    1
    By Commonsenseguy
    Yawn