The inequality trap : fighting capitalism instead of poverty / William Watson.

By:

Watson, William G

text

Media type:

unmediated

Carrier type:

volume

ISBN:

9781442637245 (bound)
1442637242 (bound)

Subject(s):

DDC classification:

305 23

LOC classification:

HM821 .W38 2015

Summary: "US President Barack Obama has called economic inequality the "defining issue of our time." It has inspired the "Occupy" movements, made a French economist into a global celebrity, and given us a new expression--the "one percent." But is our preoccupation with inequality really justified? Or wise? In his new book, William Watson argues that focusing on inequality is both an error and a trap. It is an error because much inequality is "good," the reward for thrift, industry, and invention. It is a trap because it leads us to fixate on the top end of the income distribution, rather than on those at the bottom who need help most. In fact, if we respond to growing inequality by fighting capitalism rather than poverty, we may end up both poorer and less equal. Explaining the complexities of modern economics in a clear, accessible style, The Inequality Trap is the must-read rejoinder to the idea that fighting inequality should be our top policy priority."-- From publisher's website.

Holdings ( 1 )
Title notes ( 2 )

Holdings
Item type	Current library	Shelving location	Call number	Copy number	Status	Date due	Barcode
Book	NMC Library	Stacks	HM821 .W38 2015 (Browse shelf(Opens below))	1	Available		33039001361830

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Previous								Next
Previous	HM821 .S1537 2023 The patriarchs : the origins of inequality /	HM821 .S235 2017 The great leveler : violence and the history of inequality from the Stone Age to the twenty-first century /	HM821 .S74 2018 A question of inequality : the politics of equal worth /	HM821 .W38 2015 The inequality trap : fighting capitalism instead of poverty /	HM821 .W976 2018 Deep inequality : understanding the new normal and how to challenge it /	HM826 .B47 2006 Flavor of the month : why smart people fall for fads /	HM831 .C37 2021 Change : how to make big things happen /	Next

Includes bibliographical references and index.

"US President Barack Obama has called economic inequality the "defining issue of our time." It has inspired the "Occupy" movements, made a French economist into a global celebrity, and given us a new expression--the "one percent." But is our preoccupation with inequality really justified? Or wise? In his new book, William Watson argues that focusing on inequality is both an error and a trap. It is an error because much inequality is "good," the reward for thrift, industry, and invention. It is a trap because it leads us to fixate on the top end of the income distribution, rather than on those at the bottom who need help most. In fact, if we respond to growing inequality by fighting capitalism rather than poverty, we may end up both poorer and less equal. Explaining the complexities of modern economics in a clear, accessible style, The Inequality Trap is the must-read rejoinder to the idea that fighting inequality should be our top policy priority."-- From publisher's website.