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The price of inequality / Joseph E. Stiglitz.

By: Stiglitz, Joseph E.
Material type: TextTextPublisher: New York : W. W. Norton & Company , 2013Description: lxiv, 523 pages ; 21 cm.Content type: text Media type: unmediated Carrier type: volumeISBN: 9780393345063 (pbk.); 0393345068 (pbk.).Other title: Price of inequality : how today's divided society endangers our future -- with a new preface [Cover title].Subject(s): Income distribution -- Social aspects -- United States | Equality -- United States | United States -- Economic conditions -- 21st century | United States -- Social conditions -- 21st centuryDDC classification: 305.50973
Contents:
America's 1 percent problem -- Rent seeking and the making of an unequal society -- Markets and inequality -- Why it matters -- A democracy in peril -- 1984 is upon us -- Justice for all? How inequality is eroding the Rule of Law -- The battle of the budget -- A macroeconomic policy and a central bank by and for the 1 percent -- The way forward : another world is possible.
Summary: Examines how the wealthy classes have contributed to growing inequality in society and explains how the quest to increase wealth has hindered the country's economic growth as well as its efforts to solve its most pressing economic problems.
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Item type Current location Call number Copy number Status Date due Barcode
Book University of Texas At Tyler
Stacks - 3rd Floor
HC110.I5 S867 2013 (Browse shelf) Available 0000002070936
Book University of Texas At Tyler
Stacks - 3rd Floor
HC110.I5 S867 2013 (Browse shelf) 2 Available 0000002071785

"First published as a Norton paperback."--Verso of title page.

Originally published in hardcover edition, c2012.

Includes bibliographical references (pages 365-502) and index.

America's 1 percent problem -- Rent seeking and the making of an unequal society -- Markets and inequality -- Why it matters -- A democracy in peril -- 1984 is upon us -- Justice for all? How inequality is eroding the Rule of Law -- The battle of the budget -- A macroeconomic policy and a central bank by and for the 1 percent -- The way forward : another world is possible.

Examines how the wealthy classes have contributed to growing inequality in society and explains how the quest to increase wealth has hindered the country's economic growth as well as its efforts to solve its most pressing economic problems.

Reviews provided by Syndetics

Library Journal Review

Nobel Prize-winning economist Stiglitz (economics, Columbia Univ.; Freefall: America, Free Markets, and the Sinking of the World Economy) addresses the growing inequality of income and wealth in the United States. He explains how over the last three decades the gap between the wealthy and poor has widened and how the middle class has come under increasing financial stress. Those in the upper one percent, he says, have amassed political power to influence the government and electorate to enact policies that do not benefit most citizens. He warns that inequitable societies inevitably fail as distrust, alienation, and perceived unfairness erode societal cohesion. Among the reforms he advocates are increasing taxes (and making the tax code more progressive), eliminating hidden special-interest subsidies, investing in education and infrastructure, strengthening the social safety net, and making the central bank's top priority employment rather than inflation. Verdict Stiglitz's cogently argued indictment of American inequality is an important work. Paired with fellow Nobel laureate Paul Krugman's End This Depression Now!, they provide an accessible picture of current liberal economic thought. Essential reading for all Americans.-Lawrence Maxted, Gannon Univ. Lib., Erie, PA (c) Copyright 2012. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

CHOICE Review

Nobel Prize-winning economist Stiglitz (Columbia Univ.) adds to the growing literature on inequality, persuasively arguing that a more equal and fair economy would also be a more efficient and dynamic one. Stiglitz reviews the evidence that American society has become dangerously unequal, not just in economic terms but also socially and politically. He builds on previous work holding that this growing inequality is mostly the product of policy, not merely the inevitable consequence of globalization. Stiglitz argues that almost every political decision of the last few decades has favored the 1 percent over the 99 percent, and in this he consciously adopts the language of the recent Occupy Wall Street (OWS) movement. He argues that high levels of inequality are not only bad for the vast majority of the US public, but also for the 1 percent over the long run. Stiglitz concludes with a comprehensive series of reforms that offer a change of course. Given the state of US politics, it is unlikely his plan will be adopted short of a revitalized OWS movement and/or a 1 percent in better touch with its own self-interest "properly understood." Summing Up: Highly recommended. All readership levels. S. E. Horn Everett Community College

Author notes provided by Syndetics

Joseph Stiglitz is professor of economics at Columbia University. <p> Influential economist and Columbia University professor Joseph Eugene Stiglitz was born in Gary, Indiana on February 9, 1943. He received his undergraduate degree from Amherst College and his Ph.D. from MIT in 1967. He was awarded the John Bates Clark Medal in 1979 and the Nobel Memorial Prize in Economic Sciences in 2001. <p> Stiglitz has taught at Yale University, Stanford University, Duke University, Oxford University, and Princeton University. In 2000, he founded the Initiative for Policy Dialogue. Stiglitz worked for the Clinton Administration beginning in 1993 and was the Chairman of the Council of Economic Advisers from 1995 to 1997. For the next three years he served as the World Bank's Senior Vice President and Chief Economist. Stiglitz chaired the Commission of Experts on Reforms of the International Monetary and Financial System in 2009. <p> He has written several hundred articles and many books, including Making Globalization Work and Freefall: America, Free Markets, and the Sinking of the World Economy. His title The Price of Inequality made The New York Times Best Seller List for 2012. <p> (Bowker Author Biography)

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