THE PRICE OF INEQUALITY HOW TODAYS DIVIDED SOCIETY ENDANGERS OUR FUTURE

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The Price Of Inequality

Author : Joseph Stiglitz
ISBN : 9780718197391
Genre : Social Science
File Size : 55.62 MB
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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.
Category: Social Science

The Price Of Inequality How Today S Divided Society Endangers Our Future

Author : Joseph E. Stiglitz
ISBN : 9780393089066
Genre : Business & Economics
File Size : 32.61 MB
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A forceful argument against America's vicious circle of growing inequality by the Nobel Prize–winning economist. America currently has the most inequality, and the least equality of opportunity, among the advanced countries. While market forces play a role in this stark picture, politics has shaped those market forces. In this best-selling book, Nobel Prize–winning economist Joseph E. Stiglitz exposes the efforts of well-heeled interests to compound their wealth in ways that have stifled true, dynamic capitalism. Along the way he examines the effect of inequality on our economy, our democracy, and our system of justice. Stiglitz explains how inequality affects and is affected by every aspect of national policy, and with characteristic insight he offers a vision for a more just and prosperous future, supported by a concrete program to achieve that vision.
Category: Business & Economics

The Price Of Inequality How Today S Divided Society Endangers Our Future

Author : Joseph E. Stiglitz
ISBN : 9780393345063
Genre : Business & Economics
File Size : 71.46 MB
Format : PDF
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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.
Category: Business & Economics

The Great Divide Unequal Societies And What We Can Do About Them

Author : Joseph E. Stiglitz
ISBN : 9780393248586
Genre : Business & Economics
File Size : 23.69 MB
Format : PDF, Kindle
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In the face of rising inequality in America, Joseph E. Stiglitz charts a path toward real recovery and a more equal society. A singular voice of reason in an era defined by bitter politics and economic uncertainty, Joseph E. Stiglitz has time and again diagnosed America’s greatest economic challenges, from the Great Recession and its feeble recovery to the yawning gap between the rich and the poor. The Great Divide gathers his most provocative reflections to date on the subject of inequality. As Stiglitz ably argues, a healthy economy and a fairer democracy are within our grasp if we can put aside misguided interests and ideologies and abandon failed policies. Opening with the essay that gave the Occupy Movement its slogan, “We are the 99%,” later essays in The Great Divide reveal equality of opportunity as a national myth, show that today’s outsized inequality is a matter of choice, and explain reforms that would spur higher growth, more opportunity, and greater equality.
Category: Business & Economics

Creating A Learning Society

Author : Joseph E. Stiglitz
ISBN : 9780231540629
Genre : Business & Economics
File Size : 67.25 MB
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Creating a Learning Society explains how the countries of the world went from centuries of stagnation to the enormous increases in standards of living that have marked the last two hundred and fifty years: they have learned how to learn. Yet, as Stiglitz and Greenwald make clear, markets won’t succeed on their own in creating the learning society that we need. Achieving this requires good governmental policy in a variety of areas, including trade, industry, and intellectual property. Indeed, the central thesis of this book is that every policy—tax, regulation, and expenditure—affects learning, and that policymakers have been remiss in ignoring this. Some policies, such as the Washington Consensus policies foisted on developing countries by the World Bank and IMF, actually impede learning. In advanced and developing countries alike, Creating a Learning Society has had a remarkable reception. Governments in Malaysia, Singapore, Turkey, Jordan, and South Africa have signaled strong support for its policies, and a Dutch think tank closely allied with the government released a blueprint for creating a learning economy. This streamlined edition, intended for everyone from scholars to general readers, omits the original book’s complicated mathematical equations and, in accessible language, focuses on its central messages and policy prescriptions.
Category: Business & Economics

Reduce Inequality Increase Economic Growth

Author : Joseph Stiglitz
ISBN : 9781479804269
Genre : Social Science
File Size : 76.95 MB
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Joseph Stiglitz, winner of the Nobel Prize for Economics, discusses the state of the world’s economy in this interview, offering policy interventions to better serve society’s economic needs. Pointing to a grave failure of modern macroeconomic theory to predict the financial crisis, Stiglitz calls for new economic models from within the field to build a framework that maximizes individual capacity and advances society’s interests.
Category: Social Science

Freefall America Free Markets And The Sinking Of The World Economy

Author : Joseph E. Stiglitz
ISBN : 9780393075960
Genre : Business & Economics
File Size : 20.53 MB
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Drawing on his academic and professional expertise, the author explains how the United States exported bad economics, bad policies, and bad behavior to the rest of the world, only to provide a substandard response when the markets finally seized up.
Category: Business & Economics

Globalization And Its Discontents

Author : Joseph E. Stiglitz
ISBN : 0393071073
Genre : Business & Economics
File Size : 43.48 MB
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This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.
Category: Business & Economics

Rewriting The Rules Of The American Economy An Agenda For Growth And Shared Prosperity

Author : Joseph E. Stiglitz
ISBN : 9780393254068
Genre : Business & Economics
File Size : 34.87 MB
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It’s time to rewrite the rules—to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity. Inequality is a choice. The United States bills itself as the land of opportunity, a place where anyone can achieve success and a better life through hard work and determination. But the facts tell a different story—the U.S. today lags behind most other developed nations in measures of inequality and economic mobility. For decades, wages have stagnated for the majority of workers while economic gains have disproportionately gone to the top one percent. Education, housing, and health care—essential ingredients for individual success—are growing ever more expensive. Deeply rooted structural discrimination continues to hold down women and people of color, and more than one-fifth of all American children now live in poverty. These trends are on track to become even worse in the future. Some economists claim that today’s bleak conditions are inevitable consequences of market outcomes, globalization, and technological progress. If we want greater equality, they argue, we have to sacrifice growth. This is simply not true. American inequality is the result of misguided structural rules that actually constrict economic growth. We have stripped away worker protections and family support systems, created a tax system that rewards short-term gains over long-term investment, offered a de facto public safety net to too-big-to-fail financial institutions, and chosen monetary and fiscal policies that promote wealth over full employment.
Category: Business & Economics