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.
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)
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.