Stiglitz, Joseph The Price of Inequality

ISBN 13: 9781846146930

The Price of Inequality

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9781846146930: The Price of Inequality
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The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn't seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn - too late.

In this timely book, Joseph Stiglitz identifies three major causes of our predicament: that markets don't work the way they are supposed to (being neither efficient nor stable); how political systems fail to correct the shortcomings of the market; and how our current economic and political systems are fundamentally unfair. He focuses chiefly on the gross inequality to which these systems give rise, but also explains how inextricably interlinked they are. Providing evidence that investment - not austerity - is vital for productivity, and offering realistic solutions for levelling the playing field and increasing social mobility, Stiglitz argues that reform of our economic and political systems is not just fairer, but is the only way to make markets work as they really should.

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Review:

Stiglitz writes clearly and provocatively. He's the kind of economist who can talk about terms such as 'rent-seeking' and the 'euro crisis' and bring readers along for the ride... Stiglitz isn't just writing about people being hurt by inequality, he is also writing about the system itself being in jeopardy and what needs to be done to fix it. --Dante Chinni

Concise and clearly argued.

Joseph E. Stiglitz's new book, The Price of Inequality, is 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"

Concise and clearly argued. "

Stiglitz writes clearly and provocatively. He s the kind of economist who can talk about terms such as 'rent-seeking' and the 'euro crisis' and bring readers along for the ride... Stiglitz isn t just writing about people being hurt by inequality, he is also writing about the system itself being in jeopardy and what needs to be done to fix it.--Dante Chinni"

An impassioned argument backed by rigorous economic analysis.

An important and smart new book... It s a searing read.--Nicholas Kristof"

An important and smart new book... It's a searing read.--Nicholas Kristof

About the Author:

Joseph E. Stiglitz was Chairman of the President's Council of Economic Advisers 1995-7 and Chief Economist at the World Bank 1997-2000. He is currently University Professor at Columbia University, teaching in the Department of Economics, the School of International and Public Affairs, and the Graduate School of Business. He is also the Chief Economist of the Roosevelt Institute and a Corresponding Fellow of the Royal Society and the British Academy. He won the Nobel Prize for Economics in 2001 and is the bestselling author of Globalization and Its Discontents, The Roaring Nineties, Making Globalization Work, Freefall, The Price of Inequality and The Great Divide, all published by Penguin.

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9780393345063: The Price of Inequality: How Today's Divided Society Endangers Our Future

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ISBN 10: 0393345068 ISBN 13: 9780393345063
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9780393088694: The Price of Inequality: How Today's Divided Society Endangers Our Future

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