The price of inequality / Joseph E. Stiglitz.
Material type:
TextPublisher: London : Penguin Books, 2013Description: lxiv, 523 pagesContent type: text Media type: computer Carrier type: online resourceISBN: 9780718197391 (ebook)Subject(s): Equality -- United States | Income distribution -- United States | Society & culture: general | Political science & theory | Macroeconomics | Social discrimination & equal treatment | Poverty & unemployment | Social classes | Housing & homelessness | Society | United States -- Economic conditions -- 2009- | United States -- Social conditions -- 1980-Genre/Form: Online access: Open ebook (3users) | Open e-book Also available in printed form ISBN 9780718197384Summary: 'The Price of Inequality' provides a powerful critique of free-market ideas, and of the directions that America and many other societies have taken over the past 30 years, showing not why they are unfair, but also unwise. Nobel Laureate Joseph Stiglitz explains why we are experiencing such destructively high levels of inequality - and why this is not inevitable 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. Joseph Stiglitz was Chief Economist at the World Bank until January 2000. He is currently University Professor of the Columbia Business School and Chair of the Management Board and Director of Graduate Summer Programs, Brooks World Poverty Institute, University of Manchester. He won the Nobel Prize for Economics in 2001 and is the best-selling author of Globalization and Its Discontents, The Roaring Nineties, Making Globalization Work and Freefall, all published by Penguin.
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Originally published: New York: W.W. Norton; London: Allen Lane, 2012.
Includes bibliographical references and index.
'The Price of Inequality' provides a powerful critique of free-market ideas, and of the directions that America and many other societies have taken over the past 30 years, showing not why they are unfair, but also unwise. Nobel Laureate Joseph Stiglitz explains why we are experiencing such destructively high levels of inequality - and why this is not inevitable 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. Joseph Stiglitz was Chief Economist at the World Bank until January 2000. He is currently University Professor of the Columbia Business School and Chair of the Management Board and Director of Graduate Summer Programs, Brooks World Poverty Institute, University of Manchester. He won the Nobel Prize for Economics in 2001 and is the best-selling author of Globalization and Its Discontents, The Roaring Nineties, Making Globalization Work and Freefall, all published by Penguin.
Also available in printed form ISBN 9780718197384
Electronic reproduction. Askews and Holts. Mode of access: World Wide Web.
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