Hollowed Out: Why the Economy Doesn't Work without a Strong Middle Class

Hollowed Out: Why the Economy Doesn't Work without a Strong Middle Class

by David Madland
Hollowed Out: Why the Economy Doesn't Work without a Strong Middle Class

Hollowed Out: Why the Economy Doesn't Work without a Strong Middle Class

by David Madland

Paperback(First Edition)

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Overview

For the past several decades, politicians and economists thought that high levels of inequality were good for the economy. But because America’s middle class is now so weak, the US economy suffers from the kinds of problems that plague less-developed countries. As Hollowed Out explains, to have strong, sustainable growth, the economy needs to work for everyone and expand from the middle out. This new thinking has the potential to supplant trickle-down economics—the theory that was so wrong about inequality and our economy—and shape economic policymaking for generations.

Product Details

ISBN-13: 9780520286528
Publisher: University of California Press
Publication date: 06/24/2015
Edition description: First Edition
Pages: 272
Product dimensions: 5.40(w) x 8.20(h) x 0.90(d)

About the Author

David Madland, Ph.D., is Managing Director for Economic Policy at the Center for American Progress.

Table of Contents

Illustrations

1. Middle Out vs. Trickle Down
2. Trust
3. Good Governance
4. Stable Consumer Demand
5. Human Capital
6. Creating a Middle-Class Society

Acknowledgments
Notes
Index
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