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The Price of Inequality

[how Today's Divided Society Endangers Our Future]
Stiglitz, Joseph E. (Book - 2012 )
Average Rating: 4 stars out of 5.
The Price of Inequality
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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.
Authors: Stiglitz, Joseph E.
Statement of Responsibility: Joseph E. Stiglitz
Title: The price of inequality
[how today's divided society endangers our future]
Publisher: New York : W.W. Norton & Co., c2012
Edition: 1st ed
Characteristics: xxxi, 414 p. ; 25 cm.
Bibliography: Includes bibliographical references (p. [291]-397) and index
Contents: America's 1 (one) 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 (one) 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.
Subject Headings: Income distribution Social aspects United States Equality United States United States Economic conditions 21st century United States Social conditions 21st century
Topical Term: Income distribution
Equality
LCCN: 2012014811
ISBN: 9780393088694
0393088693
9780393099694
0393099695
Branch Call Number: 305.5097 S
Research Call Number: *R-SIBL HC110.I5 S867 2012
IM 12-6279
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Jul 31, 2013
  • StarGladiator rated this: 2.5 stars out of 5.

A highly intelligent (brilliant?) Jewish-American thinker, in an introduction to a Thorstein Veblen book, explained that economics is the farce of an explanation for why a small number of people have everything and the majority have nothing. (I admit to paraphrasing a bit here.) Sitglitz is a decent fellow, but he's still sucked in by the status quo, the World Bank? The IMF? A pox on control entities, and front organizations! He does state the obvious, but in stating the obvious while continuing to support the status quo, one comes off sounding relatively schizoid! I would prefer the "Spirit Level" to this book, and far superior would be Donald Gibson's "Wealth, Power and the Crisis in Laissez Faire Capitalism". The problem with individuals like Stiglitz, is that first they worked for the oligarchs, and now they are attempting to - - oh so subtley - - negate them, and their verbal and written tactics define fecklessness.

Jan 10, 2013
  • Lukeinvancouver rated this: 4 stars out of 5.

Joseph E. Stiglitz is a prolific writer and I have enjoyed every book I read by him. The same is true of this book, tempered by an irritation about the cheapness of the publisher (or the writer?) not to hire a proof reader and use a spell checker instead. This is very annoying! A spellchecker cannot tell the difference between a misspelled (but otherwise existing) word, e.g. heath (instead of health) or that (instead of than). It can also not detect redundant words (i.e. the inappropriate repetition of the same word), or missing words. Moreover, when the wrong word (e.g. stability instead of instability) is used a spellchecker is useless. Unfortunately there are numerous examples of the above instances in the book. One can stop and reflect to see the errors but it is annoying and lowers the quality of the book.

Nov 22, 2012
  • eastvanbookfan rated this: 4 stars out of 5.

The 'HAVES' must be relieved confirmation bias exists because the truth contained within books such as this one should motivate a complete overhaul of how things are done in our society.

But alas, we will continue to believe in the myths such as, they earned it, we all have equal opportunity etc...

Maybe one day?

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Stiglitz, Joseph E.
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