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

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

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by Joseph E. Stiglitz
     
 

ISBN-10: 0393088693

ISBN-13: 9780393088694

Pub. Date: 06/11/2012

Publisher: Norton, W. W. & Company, Inc.

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

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Overview

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.

Product Details

ISBN-13:
9780393088694
Publisher:
Norton, W. W. & Company, Inc.
Publication date:
06/11/2012
Pages:
448
Sales rank:
574,450
Product dimensions:
6.40(w) x 9.80(h) x 1.40(d)

Table of Contents

Preface ix

Acknowledgments xxvii

Chapter 1 America's 1 Percent Problem 1

Chapter 2 Rent Seeking and the Making of an Unequal Society 28

Chapter 3 Markets and Inequality 52

Chapter 4 Why It Matters 83

Chaffer 5 A Democracy in Peril 118

Chapter 6 1984 Is Upon Us 146

Chapter 7 Justice for All? How Inequality is Eroding the Rule of Law 187

Chapter 8 The Battle of the Budget 207

Chapter 9 A Macroeconomic Policy and a Central Bank by And for the 1 Percent 238

Chapter 10 The Way Forward: Another World Is Possible 265

Notes 291

Index 399

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