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Price of Inequality: How Today's Divided Society Endangers Our Future
Synopses & Reviews
The top 1 percent of Americans control 40 percent of the nation's wealth. And, as Joseph E. Stiglitz explains, while those at the top enjoy the best health care, education, and benefits of wealth, they fail to realize that "their fate is bound up with how the other 99 percent live."
Stiglitz draws on his deep understanding of economics to show that growing inequality is not inevitable: moneyed interests compound their wealth by stifling true, dynamic capitalism. They have made America the most unequal advanced industrial country while crippling growth, trampling on the rule of law, and undermining democracy. The result: a divided society that cannot tackle its most pressing problems. With characteristic insight, Stiglitz examines our current state, then teases out its implications for democracy, for monetary and budgetary policy, and for globalization. He closes with a plan for a more just and prosperous future.
"With the presidential election just weeks away, Stiglitz offers a fascinating look at the wealthiest Americans (aka the 1%) and their effect on the country at large. Paul Boehmer's narration is clear and workmanlike, but his performance suffers from slow pacing — his slow, halting way of speaking is monotonous at times — which will prevent many listeners from fully engaging with this audio edition. In later portions of the audiobook, Boehmer does pick up the pace — and this helps engage listeners more fully. The material is compelling, but it takes time for the narrator to truly hit his stride. If one is willing to tough it out through the lulls, there are plenty of economic and social lessons to be learned. A Norton hardcover. (June)" Publishers Weekly Copyright PWxyz, LLC. All rights reserved.
A forceful argument against America's vicious circle of growing inequality by Nobel Prize-winning economist Joseph E. Stiglitz.
About the Author
Winner of the 2001 Nobel Memorial Prize for Economics, Joseph E. Stiglitz is the author of Making Globalization Work; Globalization and Its Discontents; and, with Linda Bilmes, The Three Trillion Dollar War. He was chairman of President Clinton's Council of Economic Advisers and served as senior vice president and chief economist at the World Bank. He teaches at Columbia University and lives in New York City.
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