The Price of Inequality
Joseph E. Stiglitz
- Nobel
- Laureate
- Joseph
- Stiglitz
- explains
- why
- we
- are
- experiencing
- such
- destructively
- high
- levels
- of
- inequality
- -
- and
- why
- this
- is
- not
- inevitableThe
- top
- 1
- percent
- have
- the
- best
- houses,
- the
- best
- educations,
- the
- best
- doctors,
- and
- the
- best
- lifestyles,
- but
- there
- is
- one
- thing
- that
- money
- doesn't
- seem
- to
- have
- bought:
- an
- understanding
- that
- their
- fate
- is
- bound
- up
- with
- how
- the
- other
- 99
- percent
- live.
- Throughout
- history,
- this
- is
- something
- that
- the
- top
- 1
- percent
- eventually
- do
- learn
- -
- too
- late.In
- this
- timely
- book,
- Joseph
- Stiglitz
- identifies
- three
- major
- causes
- of
- our
- predicament:
- that
- markets
- don't
- work
- the
- way
- they
- are
- supposed
- to
- (being
- neither
- efficient
- nor
- stable);
- how
- political
- systems
- fail
- to
- correct
- the
- shortcomings
- of
- the
- market;
- and
- how
- our
- current
- economic
- and
- political
- systems
- are
- fundamentally
- unfair.
- He
- focuses
- chiefly
- on
- the
- gross
- inequality
- to
- which
- these
- systems
- give
- rise,
- but
- also
- explains
- how
- inextricably
- interlinked
- they
- are.
- Providing
- evidence
- that
- investment
- -
- not
- austerity
- -
- is
- vital
- for
- productivity,
- and
- offering
- realistic
- solutions
- for
- levelling
- the
- playing
- field
- and
- increasing
- social
- mobility,
- Stiglitz
- argues
- that
- reform
- of
- our
- economic
- and
- political
- systems
- is
- not
- just
- fairer,
- but
- is
- the
- only
- way
- to
- make
- markets
- work
- as
- they
- really
- should.Joseph
- Stiglitz
- was
- Chief
- Economist
- at
- the
- World
- Bank
- until
- January
- 2000.
- He
- is
- currently
- University
- Professor
- of
- the
- Columbia
- Business
- School
- and
- Chair
- of
- the
- Management
- Board
- and
- Director
- of
- Graduate
- Summer
- Programs,
- Brooks
- World
- Poverty
- Institute,
- University
- of
- Manchester.
- He
- won
- the
- Nobel
- Prize
- for
- Economics
- in
- 2001
- and
- is
- the
- best-selling
- author
- of
- Globalization
- and
- Its
- Discontents,
- The
- Roaring
- Nineties,
- Making
- Globalization
- Work
- and
- Freefall,
- all
- published
- by Penguin.
pro-mbooks3 : libris
