Hollowed Out

Name: Hollowed Out
Brand: University of California Press
SKU: 9780520286528
Price: 141.76 RON
Availability: InStock

Why the Economy Doesn't Work Without a Strong Middle Class

Autor: David Madland

Limbă:

Legare: Carte broșată

Editura: University of California Press

Disponibilitate: În depozitul extern

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For the past several decades, politicians and economists have thought that high levels of inequality...

Informații despre carte

Autor

David Madland

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2015

Pagini

272

EAN

9780520286528

ISBN

0520286529

Enbook ID

09084076

Editura

University of California Press

Greutate

356

Dimensiuni

140 x 210 x 20

Descriere completă

For the past several decades, politicians and economists have thought that high levels of inequality were good for the economy. But an economy that works only for the rich simply doesn't work. Because the middle class is so weak, America's economy now suffers from the kinds of problems that plague less-developed countries. Privileged elites more frequently secure special treatment from a government that wastes money and stifles competition. Children's opportunities are excessively determined by the wealth of their parents. Societal distrust has increased, making business transactions needlessly difficult. Consumer demand has weakened and become unstable, which has helped fuel the Great Recession and has made the recovery painfully slow. As Hollowed Out explains, to have strong and sustainable growth, the economy needs to work for everyone and grow from the middle out. This new middle-out theory aims to supplant trickle-down economics the theory that was so wrong about inequality and our economy and did so much damage to our nation. This new thinking has the potential to shape economic policymaking for generations.

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Hollowed Out

Why the Economy Doesn't Work Without a Strong Middle Class

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