In this vision, we have an increasingly vibrant political system far different from the one in which 80 percent of the young are so alienated that they don’t even bother to vote. Joseph E. Stiglitz is a Nobel Prize-winning economist and the best-selling author of Globalization and Its Discontents Revisited: Anti- Globalization in the Age of Trump, The Price of Inequality, and Freefall. A forceful argument against America's vicious circle of growing inequality by the Nobel Prize–winning economist. $15.19 Capital in the Twenty-First Century. The Price of Inequality: How Today's Divided Society Endangers Our Future by Joseph E. Stiglitz, So, a confession...I didn't get remotely close to finishing this book but got tired of seeing it on my facebook so I said that I "finished" it because I didn't know how to say "I abandoned this book and returned it to the library because I just found it too fucking depressing to get through so instead I watched a bunch of episodes of Archer and got drunk." Reading this with my eyeballs instead of my ear holes might have been more productive. There is nothing like reading a history or biography book and being so completely transported to another time and place that you find... To see what your friends thought of this book, Nuestra hipótesis es que las fuerzas del mercado son reales, pero que están moldeadas por procesos políticos. Like many other books, this author frames the story of our economic woes in terms of the 1% against the 99%. CDN$15.93. The top 1 percent of Americans control some 40 percent of the nation’s wealth. 5.0 out of 5 stars The price of inequality. After reading so many tales such as this one, I have to say that the author is wrong. It's still so hard listening to these books, knowing just how much more unequal this country will become in the coming years (and decades, via the federal judiciary, which is sure to be savaged). Skip to main content.us. Amazon Price New from Used from Kindle Edition "Please retry" £7.99 — — Audible Audiobooks, Unabridged "Please retry" The Economics of Inequality by Thomas Piketty is a brief introduction to the principles of inequality and some pertinent theories for its amelioration. The top 1 percent of Americans control 40 percent of the nation's wealth. The Price of Inequality: How Today's Divided Society Endangers Our Future is a 2012 book by Joseph Stiglitz that deals with income inequality in the United States.He attacks the growing wealth disparity and the effects it has on the economy at large. The price of inequality – A member of the anti-capitalist Occupy Wall Street movement protests on 5th Avenue, New York. Stiglitz proves this, but then does himself a disservice by showing an incredible lack of awaremness by speaking of the Arab spring as though it were motivated by economic disenfranchisement and then grouping that oh so evil Right into one homogeneous monolith devoid of reason. So, a confession...I didn't get remotely close to finishing this book but got tired of seeing it on my facebook so I said that I "finished" it because I didn't know how to say "I abandoned this book and returned it to the library because I just found it too fucking depressing to get through so instead I watched a bunch of episodes of Archer and got drunk." By the end of the book, while my anger and disillusionment haven't abated, I came to recognize that there are positive steps that can be taken. Overall, it is a good book to understand what the hell is going on with (I guess) most of democratic countries in the world, thar inequality is something that was made by the 1 percent for the 1 percent. This specific ISBN edition is currently not available. The ideas that fuel our politics feed the engine of our economy. There was a problem filtering reviews right now. In these countries, the poor know that their prospects of emerging from poverty, let along making it to the top, are minuscule. Thomas Piketty. Essay on The Price of Inequality by Joseph E. Stiglitz 1454 Words 6 Pages America is one of the world’s largest and prosperous developed countries in the world, but take a closer look and you realize that the great United States of America has an alarmingly large amount of poverty. Online shopping for Income Inequality from a great selection at Books Store. The Price of Inequality: How Today's Divided Society Endangers Our Future Joseph E. Stiglitz. The author is kind of frustrating. Grow up. I chose this book because I’d loved some books by the same publisher (Publica in Romania) related to economics and I had high hopes. But you watch a nation elect Donald Trump as president in contravention to their own obvious self interest, and um, see how you feel. 8 people found this helpful. If Goodreads even has that option, ha ha ha. (h) There is little income mobility—the notion of America as a land of opportunity is a myth. Joseph Stiglitz is a highly distinguished economist, a winner of the Nobel Prize in economics in 2001. The former adds to society. The author looks at inequality in America and urges the US to opt for policies that will decrease inequalities. Welcome back. The author debunks myths like incentive pay and decries trickle-down economics. Instead, they have worsened. Rather extensive footnotes. The author is kind of frustrating. 0 Comment Report abuse. The Price of Inequality Kindle Edition by Joseph Stiglitz (Author) Format: Kindle Edition. David J Daigle. Rather extensive footnotes. The Price of Inequality by Joseph Stiglitz – A Review Posted on July 2, 2019 July 3, 2019 Author Earl R. Smith II, PhD Comment(0) There are lots of books about rising wealth and income inequality. The real question is when, not really if. Kindle Edition. All Quotes Undoubtedly much of my positive response is driven by the fact that I'm the child of parents who worshipped at the shrine of the New Deal, however no small part of it is simple appreciation for Stiglitz's rare knack for cogent explanations that are as compellingly readable as they are putatively authoritative. CDN$16.99. I am going to purchase a copy. But as Joseph E. Stiglitz explains in this best-selling critique of the economic status quo, this level of inequality is not inevitable. He just basically assumes the government should do all that but then regulate them in the right way to avoid them from imposing costs on everybody else. As always, the author doesn't disappoint! See all reviews from Canada. While I don't share the author's faith in the wisdom of regulation and government investment, I agree that the correction of market failures remains an important task in the age of massive inequalities. We are now approaching the level of inequality that marks dysfunctional societies—it is a club that we would distinctly not want to join, including Iran, Jamaica, Uganda, and the Philippines.93 Because we have so much inequality, and”, “(a) Recent U.S. income growth primarily occurs at the top 1 percent of the income distribution. The Price of Inequality is an excellent book. Photograph: Shannon Stapleton/Reuters Kindle Edition. I stop reading it once I reached Chapter 9, well I skimmed the chapter, and most of it filled with anger toward the financial system/banks. Well written and easy to understand. His career as an outspoken economist is both illustrious and controversial. Reviewed in Canada on March 4, 2014. Others here have written thoughtful, detailed reviews so I'll just summarize my reaction to this important book: Stiglitz delivers a clearly-written and compelling analysis of the current economic and political situation in the United States. Stiglitz comes through again! I can't be part of the solution if I don't fully understand the problem or the solutions or even that many of the solutions proposed are actually wrong and will only make things worse. The Price of Inequality is an excellent book. Description. 5.0 out of 5 stars Understanding American Society. No fool or ignoramus, Stiglitz knows his economics, even if it is the economics of a bleeding-heart liberal, with all the blind spots that it entails. We have to decide how to manage them... For all these reasons, it is plain that markets must be tamed and tempered to make sure they work to the benefit of most citizens. A forceful argument against America's vicious circle of growing inequality by the Nobel Prize–winning economist. 5 star 49% 4 star 30% 3 star 7% 2 star 4% 1 star 10% How does Amazon calculate star ratings? I read a hammer book like The Price of Inequality and I just want to throw the hammer away. Nuestra hipótesis es que las fuerzas del mercado son reales, pero que están moldeadas por procesos políticos. A monopolist who overcharges for his product takes money from those whom he is overcharging and at the same time destroys value. Although this is not light reading, it is meant for the lay person, and the ideas therein are certainly accessible by the. In one way or another, they have to “co-opt” the rest of society to advance their agenda. I see this as an important book which thinking Americans will want to read. 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