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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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"Economic inequality in America is on fire. The heat was rising in 2011 when Occupy Wall Street railed against the 1%, and then in 2016, when populist presidential candidates of both parties attracted fervent support. Now we see it in the platforms of 2020 candidates, whose policy proposals for tackling economic inequality reflect the critical concerns they've been hearing from angry, frustrated Americans every day. However, the candidates' plans...
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"A revelatory account of poverty in America so deep that we, as a country, don't think it exists Jessica Compton's family of four would have no cash income unless she donated plasma twice a week at her local donation center in Tennessee. Modonna Harris and her teenage daughter Brianna in Chicago often have no food but spoiled milk on weekends. After two decades of brilliant research on American poverty, Kathryn Edin noticed something she hadn't seen...
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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...
6) 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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"The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor...
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"From the bestselling author of ALL YOU CAN EVER KNOW comes a searing memoir of class, inequality, and grief-a daughter's search to understand the lives her adoptive parents led, the life she forged as an adult, and the lives she's lost. In this country, unless you attain extraordinary wealth, you will likely be unable to help your loved ones in all the ways you'd hoped. You will learn to live with the specific, hollow guilt of those who leave hardship...
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In his first major book on the subject of income inequality, Noam Chomsky skewers the fundamental tenets of neoliberalism and casts an eye on the economic facts of life. What are the ten principles of concentration of wealth and power at work in America today? They're simple enough: reduce democracy, shape ideology, redesign the economy, shift the burden onto the poor and middle classes, attack the solidarity of the people, let special interests run...
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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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