The Price of Inequality

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.  

This Nobel Prize-winning economist gets right to the heart of America’s problems: the growing divide between the rich and the rest of society.

We can see the toll declines in the standard of living have taken: malnutrition, drug abuse, shortened life expectancy, lack of access to much-needed health care, desperation and increased economic insecurity among the poor and a shrinking middle class in America.

Stiglitz convincingly shows how Federal Reserve policies, budgetary policies of Congress, and globalization have increased the widening gap, but also offers hope for a more economically just future.