The Price of Inequality

The Price of InequalityCondition: BRAND NEW ISBN: 9780718197384 Format: B format paperback Year: 2013 Publisher: Penguin UK Pages: 592 Description: The social impact of inequality is now increasingly understood higher crime, health problems and mental illness, lower educational achievements and life expectancy. But what are the causes of inequality, why is it growing so rapidly and what are its economic and political impacts? In this exceptional book Joseph Stiglitz gives

Condition: BRAND NEW
ISBN: 9780718197384
Format: B-format paperback
Year: 2013
Publisher: Penguin UK
Pages: 592


Description:
The social impact of inequality is now increasingly understood - higher crime, health problems and mental illness, lower educational achievements and life expectancy. But what are the causes of inequality, why is it growing so rapidly and what are its economic and political impacts? In this exceptional book Joseph Stiglitz gives the answers.

He shows how, left to their own devices, markets are neither efficient nor stable and tend to accumulate money in the hands of the few rather than engender competition, producing slower growth and lower GDP. He also demonstrates how political institutions, far from countering these trends, often enhance them. Arguing that 'another world is possible', The Price of Inequality provides a powerful, vital critique of free-market ideas.