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

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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.

From Publishers Weekly

Aug 13, 2012 – In his concise and clearly argued newest, Stiglitz, a Nobel Prize-winning economist, outlines the economic, political, and social obstacles currently facing the U.S. and explores possibilities for how we can overcome them. Beginning with the financial collapse of 2008 and the ensuing Great Recession, Stiglitz (Globalization and Its Discontents) makes the now-ubiquitous point that "the rich were getting richer, while the rest were facing hardships that seem inconsonant with the American dream." The author opines that from this growing gap stem many other sobering social ills, such as "pollution, unemployment, and the degradation of values to the point where everything is acceptable and no one is accountable." And while he contends that our current modus operandi is "neither stable nor sustainable," Stiglitz insists that inequality is not inherent in the system. He then goes on to lay out a plan for the long term, recommending practical changes to macroeconomic policies, taxes, labor laws, and how we navigate a globalizing world and dealing with the deficit. His visions of America's two possible futures reveals the extent of the dishearteningly large socioeconomic rift and its forecasted consequences, but Stiglitz's solutions upheld by experience, perceptive analysis, and copious research could very well bridge that divide, and reduce it in the process.

Customer Reviews

Clear and well written

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.

Intelligent, Concise and Practical Progressive Economics

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.

The price of inequality

Great book,learned much from it

The Price of Inequality: How Today's Divided Society Endangers Our Future
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  • $12.99
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Economics
  • Published: Jun 11, 2012
  • Publisher: W. W. Norton & Company
  • Seller: W. W. Norton
  • Print Length: 560 Pages
  • Language: English
  • Requirements: To view this book, you must have an iOS device with iBooks 1.3.1 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

Customer Ratings