The Great Divide

The Great Divide

Unequal Societies and What We Can Do About Them

Book - 2015
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WW Norton
How has America become the most unequal advanced country in the world, and what can we do about it?
In The Great Divide, Joseph E. Stiglitz expands on the diagnosis he offered in his best-selling book The Price of Inequality and suggests ways to counter America’s growing problem. With his signature blend of clarity and passion, Stiglitz argues that inequality is a choice—the cumulative result of unjust policies and misguided priorities.Gathering his writings for popular outlets including Vanity Fair and the New York Times, Stiglitz exposes in full America's inequality: its dimensions, its causes, and its consequences for the nation and for the world. From Reagan-era to the Great Recession and its long aftermath, Stiglitz delves into the irresponsible policies—deregulation, tax cuts, and tax breaks for the 1 percent—that are leaving many Americans farther and farther beyond and turning the American dream into an ever more unachievable myth. With formidable yet accessible economic insight, he urges us to embrace real solutions: increasing taxes on corporations and the wealthy; offering more help to the children of the poor; investing in education, science, and infrastructure; helping out homeowners instead of banks; and, most importantly, doing more to restore the economy to full employment. Stiglitz also draws lessons from Scandinavia, Singapore, and Japan, and he argues against the tide of unnecessary, destructive austerity that is sweeping across Europe.Ultimately, Stiglitz believes our choice is not between growth and fairness; with the right policies, we can choose both. His complaint is not so much about capitalism as such, but how twenty-first-century capitalism has been perverted. His is a call to confront America's economic inequality as the political and moral issue that it is. If we reinvest in people and pursue the other policies that he describes, America can live up to the shared dream of a more prosperous, more equal society.

Baker & Taylor
In a call to restore true democracy and tempered markets, a Nobel Prize winner makes an urgent case for Americans to solve inequality now. Tour.

Book News
Stiglitz presents students, academics, policy makers, and general-interest readers with an expansion of the argument he offered in The Price of Inequality suggesting ways in which we might counter the widening of inequality in the U.S. The author has organized the chapters that make up the main body of the text in eight sections devoted to the inequality and the financial crisis, the author’s personal reflections, the dimensions of inequality, the causes of America’s growing inequality, and a wide variety of other related subjects. Joseph E. Stiglitz is a Nobel Prize-winning economist, author, and faculty member of Columbia University, New York. Annotation ©2015 Ringgold, Inc., Portland, OR (protoview.com)

Baker
& Taylor

Discusses the causes of inequality, including unjust and irresponsible economic policies and misguided priorities, and offers suggestions to help the United States become a more fair and equitable society.

Publisher: New York : W.W. Norton & Company, [2015]
Edition: First edition
ISBN: 9780393248579
0393248577
Branch Call Number: 305.5 St52g
Characteristics: xxvi, 428 pages ; 25 cm

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p
pm221
Apr 15, 2017

More than somewhat repetitive, many articles cover very similar ground. Also totally depressing in view of the Trump efforts to maximise the benefits to the 0.1% at the expense of every-one else. There is no doubt that this is one of the major issues of our time, however there must be other ways to raise consciousness of it.

Ham625 Jul 06, 2015

A critically important book.

v
voisjoe1_0
Jun 10, 2015

One of America’s most significant problems in the 21st century is the tragic inequality of the economy. Since approximately 1979 (the age of Reaganomics), our economy’s inequality has been approaching the historical inequality of the 1920’s. The inequality is devastating to such a large swath of the population that it not only is harmful to millions, it is, at the same time, preventing America from being the great nation that it can be. I suspect that this inequality will be a major topic for discussion prior to the 2016 presidential election. I knocked off a half star because this book on economics contains exactly zero graphs/statistic tables. I am not certain why this Nobel prize-winning author ignores the phrase that a picture is often worth a thousand words.

redban May 28, 2015

Mr. Stiglitz seems like a good person and all. However, he has many status quo assumptions sadly, and thus far from critical enough of the systemic fraud and predatory behavior present in the pinnacle of Capitalism: Wall Street.

True, he is better than the vast majority of talking heads in mainstream media, but what can you expect from a corporate-financed propaganda apparatus?

He is better than a Robert Reich, or a Paul Krugman, or a Michael Lewis (these drones omit so many facts, which makes them propaganda artists!). Stiglitz seems to be on the level of a Ha-Joon Chang or Thomas Piketty. Basically: worth the read but keep in mind of their many status quo assumptions.

Much more intriguing to read: David Graeber. Prof. Michael Hudson. Nomi Prins.

s
StarGladiator
May 24, 2015

Disclaimer: I've always considered Stiglitz a mediocre mind, and nothing in this book changes that opinion. Yes, he cites the obvious again and again and again, but really is clueless as to how the rabble could ever effect those changes! Yes, he did receive the Swedish Central Bank prize in economics [erroneously referred to as a Nobel prize, although the Nobel family doesn't recognize it] for his banal work on asymmetric information. He is slightly above Robert Reich, and somewhat less culpable, having honestly explained the World Bank in an interview tih Greg Palast - - far more intelligently than Perkins and his Economic Hitman confessions, but his recommendations don't amount to anything.

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