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Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity

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Exposing myths about inequality and economic growth.

If you're concerned about the widening gap between the wealthy and the rest, Stiglitz's "Rewriting the Rules of the American Economy" might just change the way you understand America's economic landscape. The Nobel laureate breaks down the flawed systems and offers a blueprint for fostering growth without sacrificing equality. It's a compelling read for those interested in economics, policy-making, or social justice, presenting complex issues in an accessible way.

New

Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity

Regular price RM32.14 MYR
Unit price
per
ISBN: 9780393353129
Estimated First-hand Retail Price: RM87.59 MYR
Date of Publication: 2015-11-02
Format: Paperback
Related Collections: Economics, Politics, Business
Goodreads rating: 4.0
(rated by 278 readers)

Description

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.
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Exposing myths about inequality and economic growth.

If you're concerned about the widening gap between the wealthy and the rest, Stiglitz's "Rewriting the Rules of the American Economy" might just change the way you understand America's economic landscape. The Nobel laureate breaks down the flawed systems and offers a blueprint for fostering growth without sacrificing equality. It's a compelling read for those interested in economics, policy-making, or social justice, presenting complex issues in an accessible way.