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The Price of Inequality: How Today's Divided Society Endangers Our Future


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Mary Ann Dimand, January 30, 2013 (view all comments by Mary Ann Dimand)
Stiglitz explains macroeconomics, and the role economic inequality plays in macroeconomic performance. This is an accessible and yet sophisticated presentation, despite Stiglitz's tendency to attribute social disequities to underclasses internalizing stereotypes rather than being limited by upperclasses and punished for divergence from stereotype.
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barbara a. samuelson, January 2, 2013 (view all comments by barbara a. samuelson)
Joseph Stiglitz does a remarkable job of explaining a complex subject and at the same time adds a little humor to a very dry but so very important subject.
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Product Details

Stiglitz, Joseph E.
W. W. Norton & Company
Economic Conditions
Economics - General
Publication Date:
9.25 x 6.125 in

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The Price of Inequality: How Today's Divided Society Endangers Our Future New Hardcover
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Product details 448 pages W. W. Norton & Company - English 9780393088694 Reviews:
"Publishers Weekly Review" by , "In his concise and clearly argued newest, Stiglitz, a Nobel Prize-winning economist, outlines the economic, political, and social obstacles currently facing the U.S. and explores possibilities for how we can overcome them. Beginning with the financial collapse of 2008 and the ensuing Great Recession, Stiglitz (Globalization and Its Discontents) makes the now-ubiquitous point that 'the rich were getting richer, while the rest were facing hardships that seem inconsonant with the American dream.' The author opines that from this growing gap stem many other sobering social ills, such as 'pollution, unemployment, and... the degradation of values to the point where everything is acceptable and no one is accountable.' And while he contends that our current modus operandi is 'neither stable nor sustainable,' Stiglitz insists that inequality is not inherent in the system. He then goes on to lay out a plan for the long term, recommending practical changes to macroeconomic policies, taxes, labor laws, and how we navigate a globalizing world and dealing with the deficit. His visions of America's two possible futures reveals the extent of the dishearteningly large socioeconomic rift and its forecasted consequences, but Stiglitz's solutions — upheld by experience, perceptive analysis, and copious research — could very well bridge that divide, and reduce it in the process. (June)" Publishers Weekly Copyright PWxyz, LLC. All rights reserved.
"Synopsis" by , A forceful argument against America's vicious circle of growing inequality by the Nobel Prize-winning economist.
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