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The Price Of Inequality (2013)

by Joseph E. Stiglitz(Favorite Author)

3.99 of 5 Votes: 4

ISBN

0393345068 (ISBN13: 9780393345063)

languge

English

genre

History & Biography

publisher

W. W. Norton & Company

review 1: Just finished reading "The Price of Inequality" (2012) by Joseph E. Stiglitz. I decided to give this book a try since I have not given myself a shot at reading an economics book, especially one that discusses inequality.I have never really understood economics and, to be honest, after reading this book, it didn't really make me more confident that I have come to understand it. Inequality in the US is known to be out of control, and a book by perhaps the most influential economist in the current age since John Maynard Keynes and Milton Friedman. He advocates Keynes' teachings and criticizes that of Friedman's.The Price of Inequality reads like a length scholarly article and sounds like an academic critique on the government failure of the US (as opposed to market failure), ... moreslamming how the 1 percent of the population is holding on to the lion's share, leaving the 99 percent fighting for their lives. Worse, this is perpetuating through the government's insistence in maintaining the status quo, allowing predatory lending and rent seeking to run amok in the country as well as flawed democracy in a country where there is lack of trust.For those who are well-versed in the fields of economics, you may want to give this book a try. I somewhat enjoyed Stiglitz's criticisms but I feel that his solutions are too generalized and don't hit the nail on the head.NEXT BOOK: "The Signal and the Noise" (2012) by Nate Silver.
review 2: From economics Nobel laureate Joseph Stiglitz - Does trickle down economics work? Did rich 'earn" their income? Are markets efficient? Are the pricing mechanism if the markets infallible? Are estate taxes reasonable? Do govt always fail in their ventures / does privatization guarantee success? Who benefited from the bail out? How does bankruptcy laws, competition, intellectual property, taxation, cost of access to courts affect inequality? Did microcredits work alleviate poverty? How does rent seeking (monopoly, subsidies, below market pricing) impact economy? Does austerity created the claimed benefits?Did Milton Friedmans "Chicago Boys" bring us out of recession? less

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