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The Price of Inequality
How Today's Divided Society Endangers Our Future
- Narrated by Paul Boehmer
- Length
- 13 hrs and 4 mins
- Release date
- 06-11-12
- Language
- English
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20 chapters13h 4m
Publisher’s Summary
The top 1 percent of Americans control 40 percent of the nation’s wealth. And, as Joseph E. Stiglitz explains, while those at the top enjoy the best health care, education, and benefits of wealth, they fail to realize that “their fate is bound up with how the other 99 percent live.”
Stiglitz draws on his deep understanding of economics to show that growing inequality is not inevitable: moneyed interests compound their wealth by stifling true, dynamic capitalism. They have made America the most unequal advanced industrial country while crippling growth, trampling on the rule of law, and undermining democracy. The result: a divided society that cannot tackle its most pressing problems. With characteristic insight, Stiglitz examines our current state, then teases out its implications for democracy, for monetary and budgetary policy, and for globalization. He closes with a plan for a more just and prosperous future.
Details
- Author
- Joseph E. Stiglitz
- Narrator
- Paul Boehmer
- Length
- 13 hrs and 4 mins
- Release date
- 06-11-12
- Language
- English
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Listener Reviews
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Probably Better on Paper
Books like this one, presumably with charts and tables, are probably better with another medium. However, if you are going to listen to it as I did, it still does a pretty good job. Economic principles are pretty clearly explained, though if it is your first introduction to economics, you will probably want to look a few things up (moral hazard, market failures etc.), but he does't bury you in a mountain of technical language. As Stiglitz disclaims early, this is not a work for peer review. It is for popular consumption so if you are looking for some deep explanation as to how he arrived at his claims, you'll be left wanting. I am usually frustrated with books that prescribe solutions that we "merely lack the political will," to accomplish. It seems like activist thumb-twiddling. Every book of this type seems to have a portion like that. This one is no exception. I find the repetition of this trope frustrating.
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Important book
Well argued and will make you angry. This book should be mandatory for Business students, if for no other reason than to give them some perspective of a side never taught in business school. I have an MBA and remember clearly the skepticism and derision heaped on the one professor who presented a balanced perspective. This book would stand a chance at giving the other side a fair hearing both because it is well argued and because of the author’s credentials
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