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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.
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Report This 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.

Report This 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.

Report This 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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