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2) The captured economy: how the powerful enrich themselves, slow down growth, and increase inequality
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For years, America has been plagued by slow economic growth and increasing inequality. Yet economists have long taught that there is a tradeoff between equity and efficiency-that is, between making a bigger pie and dividing it more fairly. That is why our current predicament is so puzzling: today, we are faced with both a stagnating economy and sky-high inequality. In The Captured Economy , Brink Lindsey and Steven M. Teles identify a common factor...
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"Capital without Borders will offer the first in-depth, cross-national examination of the wealth management profession: an extremely powerful professional group about which little is known, except that it controls large flows of capital around the world and has a significant impact on growing wealth inequality. With Oxfam estimating that 1 percent of the global population will own more than half the world's assets by 2016, and policymakers voicing...
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196 pages ; 24 cm
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"America is becoming a class-based society. It is now conventional wisdom to focus on the wealth of the top 1 percent-especially the top 0.01 percent-and how the ultra-rich are concentrating income and prosperity while incomes for most other Americans are stagnant. But the most important, consequential, and widening gap in American society is between the upper middle class and everyone else. Reeves defines the upper middle class as those whose incomes...
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Perhaps no one is better acquainted with the intersection of finance and politics than Robert B. Reich, and now he reveals the cycles of power and influence that have perpetuated a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the "free market" is, and how it has masked the power of the moneyed interests to tilt the...
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viii, 274 pages : illustrations ; 22 cm
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The world's leading economist of inequality presents a short but sweeping and surprisingly optimistic history of human progress toward equality despite crises, disasters, and backsliding. A perfect introduction to the ideas developed in his monumental earlier books. It's easy to be pessimistic about inequality. We know it has increased dramatically in many parts of the world over the past two generations. No one has done more to reveal the problem...
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125 pages ; 19 cm
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"From the poisoned rivers, barren wells, and clear-cut forests, to the hundreds of thousands of farmers who have committed suicide to escape punishing debt, to the hundreds of millions of people who live on less than two dollars a day, there are ghosts nearly everywhere you look in India. India is a nation of 1.2 billion, but the country's 100 richest people own assets equivalent to one-fourth of India's gross domestic product. Capitalism: A Ghost...
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"A progressive takedown of the uber-capitalist status quo that has enriched millionaires and billionaires at the expense of the working class, and a blueprint for what transformational change would actually look like. It's OK to be angry about capitalism. Reflecting on our turbulent times, Senator Bernie Sanders takes on the billionaire class and speaks blunt truths about our country's failure to address the destructive nature of a system that is...
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viii, 255 pages : illustrations ; 24 cm
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"Everything you know about income inequality, poverty and other measures of economic well-being in America is wrong. In measuring income inequality, poverty and other indexes of well-being our government does not count two-thirds of all transfer payments that are received or any of the taxes paid. When we get our facts straight poverty has virtually been eliminated, income inequality is lower than it was in 1947 and America is still the great land...
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xxi, 374 pages : illustrations ; 21 cm
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This eye-opening UK bestseller shows how one single factor -- the gap between its richest and poorest members -- can determine the health and well-being of a society. The authors also outline a new political outlook in which a shift from self-interested consumerism to a friendlier, more sustainable society is paramount.
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"Many fear that efforts to address inequality will undermine the economy as a whole. But the opposite is true: rising inequality has become a drag on growth and an impediment to market competition. Heather Boushey breaks down the problem and argues that we can preserve our nation's economic traditions while promoting shared economic growth"--
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A leading economist challenges dominant theories on global inequality, discussing why wealth persistently remains in the hands of a few and how technological development threatens to create a scarcity of unskilled jobs that will lead to even greater inequality.
"In his book Capital in the Twenty-First Century, economist Thomas Pikkety argued that the contemporary phenomenon of rising inequality across the globe is a function of the inheritance of...
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"Billionaire Wilderness offers an unprecedented look inside the world of the ultra-wealthy and their relationship to the natural world, showing how the ultra-rich use nature to resolve key predicaments in their lives. Justin Farrell immerses himself in Teton County, Wyoming -- both the richest county in the United States and the county with the nation's highest level of income inequality -- to investigate interconnected questions about money, nature,...
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"In 1995, the editor of the newsletter for the Royal Economic Society, who was a fan of Alistair Cooke's Letter from America on BBC Radio 4, suggested to Angus Deaton that he write a Letter about economic events in America. Twenty-five years later, Deaton, now a Nobel laureate and one of the world's most respected economists, submitted his fiftieth and final Letter from America. Over the years Deaton wrote about many topics, from the War on Terror...
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"Economic inequality affects everybody. No matter how rich or poor you are, economic inequality impacts every aspect of your life--the place where you live, the opportunities you experience, the healthcare you get, the education you receive. More Than Money breaks down why the rich seem to be getting richer while the rest of us are struggling to just get by. With vivid, energetic illustrations, the use of graphs and charts, and tips for how to investigate...
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