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The Great Divide
Book

The Great Divide

Unequal Societies and What We Can Do About Them

Joseph E. Stiglitz
W.W. Norton, 2015

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Editorial Rating

9

Qualities

  • Innovative

Recommendation

Nobel laureate Joseph E. Stiglitz believes financial inequality undermines the US economy. A former adviser to President Bill Clinton and a critic of President George W. Bush, Stiglitz makes no claim to ideological impartiality. He helped coin the terms “the 1%” and “the 99%” to describe the gap between the ultra wealthy and everyone else. This collection features his writings from Vanity Fair, The New York Times, Politico and other media outlets. As a result, you may find some parts repetitive, but Stiglitz’s sage insights stand out. While always politically neutral, getAbstract recommends his text to investors, CEOs, policy makers, students of business and politics, and all those concerned about the yawning economic gaps in modern society.

Take-Aways

  • A huge gulf between the ultra wealthy and everyone else hinders the US economy.
  • Income inequality isn’t inevitable; it’s a result of deliberate policy decisions.
  • A more equitable distribution of income would lead to more spending by those at the bottom of the economic ladder – which, in turn, would benefit those at the top.

About the Author

Nobel Prize-winning economist Joseph E. Stiglitz teaches at Columbia University. He is the author of the bestsellers The Price of Inequality, Freefall and Globalization and Its Discontents.

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    J. N. 9 years ago
    I don't totally understand the tax code of the US, but I can say that a flat tax for all who aide in the pursuit of equality with regards to this issue.
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    Ð. Ð. 9 years ago
    Можете перевести этот конспект по-русски?