Why did I love this book?
In this already-classic work, Joseph Stiglitz–Nobel Prize winner and chief economist for the World Bank–describes the ways in which the market has been systematically rigged in favour of the rich and big business, leading to an explosion of inequality and the rise of the 1%.
I love how this book illustrates the ways in which inequality acts as a cancer on society, eating it apart from the inside. But Stiglitz also helped me to understand how such problems can be dealt with a realistic way.
2 authors picked The Price of Inequality as one of their favorite books, and they share why you should read it.
The top 1 percent of Americans control some 40 percent of the nation's wealth. But as Joseph E. Stiglitz explains in this best-selling critique of the economic status quo, this level of inequality is not inevitable. Rather, in recent years well-heeled interests have compounded their wealth by stifling true, dynamic capitalism and making America no longer the land of opportunity that it once was. They have made America the most unequal advanced industrial country while crippling growth, distorting key policy debates, and fomenting a divided society. Stiglitz not only shows how and why America's inequality is bad for our economy…