Falling Behind: How Rising Inequality Harms the Middle Class

Falling Behind: How Rising Inequality Harms the Middle Class

by Robert Frank

Paperback(First Edition, Reissue, With a New Preface)

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Overview

Falling Behind: How Rising Inequality Harms the Middle Class by Robert Frank


With a timely new foreword by Robert Frank, this groundbreaking book explores the very meaning of happiness and prosperity in America today. Although middle-income families don't earn much more than they did several decades ago, they are buying bigger cars, houses, and appliances. To pay for them, they spend more than they earn and carry record levels of debt. Robert Frank explains how increased concentrations of income and wealth at the top of the economic pyramid have set off "expenditure cascades" that raise the cost of achieving many basic goals for the middle class. Writing in lively prose for a general audience, Frank employs up-to-date economic data and examples drawn from everyday life to shed light on reigning models of consumer behavior. He also suggests reforms that could mitigate the costs of inequality. Falling Behind compels us to rethink how and why we live our economic lives the way we do.

Product Details

ISBN-13: 9780520280526
Publisher: University of California Press
Publication date: 10/02/2013
Series: Wildavsky Forum Series , #4
Edition description: First Edition, Reissue, With a New Preface
Pages: 176
Product dimensions: 5.40(w) x 8.10(h) x 0.50(d)

About the Author


Robert H. Frank is an economics professor in the Johnson Graduate School of Management at Cornell University, Distinguished Senior Fellow at Demos: A Network for Ideas and Action, and a columnist for The New York Times. His books include The Winner Take-All Society (with Philip J. Cook), Luxury Fever, Choosing the Right Pond, Passions Within Reason, and Principles of Economics (with Ben S. Bernanke).

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