Here are 100 books that What's Luck Got to Do with It? How Smarter Government Can Rescue the American Dream fans have personally recommended if you like
What's Luck Got to Do with It? How Smarter Government Can Rescue the American Dream.
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I grew up on a small farm, expecting to return to it after college, but I was inspired by books and by a teacher to focus instead on alleviating hunger and poverty problems in developing countries and two years working with the rural poor in Colombia in the Peace Corps helped me understand the need to attack these problems at both the household and policy levels. I taught courses and wrote on agricultural development issues at Virginia Tech for forty years and managed agricultural projects in Africa, Asia, and Latin America. I am passionate about improving food security and human health and treating people with respect regardless of their circumstances.
I found the total dedication of Dr. Paul Farmer to solving the medical needs of the poor in Haiti, Peru, and elsewhere in the developing world through a combination of grassroots effort and high-level policymaking inspiring, to say the least.
The author of this biographical classic is a master of detail who captures the protagonist's complex essence and the stark medical reality facing the poorest of the poor. His story demonstrates how one person can profoundly affect the world, in this case, solving global health problems despite enduring tremendous personal sacrifice.
Tracy Kidder's critically acclaimed adult nonfiction work, Mountains Beyond Mountains has been adapted for young people by Michael French. In this young adult edition, readers are introduced to Dr. Paul Farmer, a Harvard-educated doctor with a self-proclaimed mission to transform healthcare on a global scale. Farmer focuses his attention on some of the world's most impoverished people and uses unconventional ways in which to provide healthcare, to achieve real results and save lives.
I first got interested in how markets really work when I wrote my Ph.D. dissertation on the “deregulation” movement in the United States, Western Europe, and Japan. I quickly discovered that deregulation never happened in the literal sense. In most cases, governments had to increase regulation to enhance market competition. They needed more rules to get “freer” markets. This sounds paradoxical at first, but it really isn’t. It makes perfect sense once you realize that markets do not arise spontaneously but rather are crafted by the very visible hand of the government. So I took that insight and I have been running with it ever since.
Well for one thing, firms might prefer to collude rather than to compete, if given the choice. So we need antitrust policy to make them compete.
Philippon surveys developments over the past few decades, demonstrating how the United States has weakened antitrust policy and enforcement while Europe has strengthened it.
He also looks at particular sectors, with a particularly compelling chapter on how the U.S. financial sector has grown without delivering more value to consumers and investors.
A Financial Times Book of the Year A ProMarket Book of the Year
"Superbly argued and important...Donald Trump is in so many ways a product of the defective capitalism described in The Great Reversal. What the U.S. needs, instead, is another Teddy Roosevelt and his energetic trust-busting. Is that still imaginable? All believers in the virtues of competitive capitalism must hope so." -Martin Wolf, Financial Times
"In one industry after another...a few companies have grown so large that they have the power to keep prices high and wages low. It's great for those corporations-and bad for almost everyone else." -David…
I became an economist because I realized that economics was a powerful tool that would help society solve vexing problems. While economics has limits, it has so much to offer in terms of better policy design for tackling everything from climate change to economic inequality. My life’s work has been devoted to both economic research and helping others understand the insights of economics. I spent many years in academia teaching economics and writing papers, and I authored Open in an attempt to make the complexities of international economics more transparent. I’ve also had the chance to work firsthand on some of these issues in the early part of the Biden Administration at the US Treasury.
So many features of our modern economy (including trade and technological change) make us better off while creating both winners and losers. Tax policy is important not just for raising revenue to fund civilization, but also for ensuring that such sweeping economic changes have the potential to “lift all boats”. In this book, Burman and Slemrod do an excellent job describing the key features of the American tax system. If every American read this book, we’d have a much better tax policy dialogue.
Arguments about taxation are among the most heated- no other topic is as influential to the role of government and the distribution of costs and benefits in America. But while understanding of our tax system is of vital importance, the complexity can create confusion. Two of America's leading authorities on taxes, Leonard E. Burman and Joel Slemrod, bring clarity in this concise explanation of how our tax system works, how it affects people and businesses, and how it might be improved. The book explores what makes a tax system fair, simple, and efficient, why our system falls short, and whether…
I became an economist because I realized that economics was a powerful tool that would help society solve vexing problems. While economics has limits, it has so much to offer in terms of better policy design for tackling everything from climate change to economic inequality. My life’s work has been devoted to both economic research and helping others understand the insights of economics. I spent many years in academia teaching economics and writing papers, and I authored Open in an attempt to make the complexities of international economics more transparent. I’ve also had the chance to work firsthand on some of these issues in the early part of the Biden Administration at the US Treasury.
When I began researching the economics of immigration, I expected to find that my prejudice in favor of immigrants needed more nuance. However, even more than I suspected, the economic literature is resounding in describing the many large economic benefits of immigration. Streets of Golddescribes how essential immigration has been to American economic success, and it provides a strong argument for a more open immigration policy.
Immigration is one of the most fraught, and possibly most misunderstood, topics in American social discourse-yet, in most cases, the things we believe about immigration are based largely on myth, not facts. Using the tools of modern data analysis and ten years of pioneering research, new evidence is provided about the past and present of the American Dream, debunking myths fostered by political opportunism and sentimentalized in family histories, and draw counterintuitive conclusions, including:
* Upward Mobility: Children of immigrants from nearly every country, especially those of poor immigrants, do better economically than children of U.S.-born residents - a pattern…
'Human development' indicates an advancement that I would like to find in any kind of progress. Different disciplines define 'human development' in different ways, but my research is to identify the common core in order to link both the individual- with the social dimension, and natural evolution with changes due to personal choices and policies. Through such research, I have been able to take a new perspective on my academic subjects: economic growth and happiness. My belief is that it is possible to make human development, economic growth, and happiness go together. But unfortunately, this is not what is occurring, and understanding why is key.
I like this book because it does not simply show how income inequality affects happiness inequality, thus suggesting that unhappiness is just a sign of material disadvantage.
The book also links income and happiness to hope, which is a feeling that motivates people to plan and invest for the future.
To convince the sceptical reader about measuring hope and happiness, Carol Graham provides an abundance of empirical evidence.
But being an economist, in addition to telling emblematic stories, she reports evidence based on large samples and international data.
It is a challenging book, but rewarding, because it helps to understand both how the exhaustion of the American Dream will affect the future, and where to look for new hope.
How the optimism gap between rich and poor is creating an increasingly divided society The Declaration of Independence states that all people are endowed with certain unalienable rights, and that among these is the pursuit of happiness. But is happiness available equally to everyone in America today? How about elsewhere in the world? Carol Graham draws on cutting-edge research linking income inequality with well-being to show how the widening prosperity gap has led to rising inequality in people's beliefs, hopes, and aspirations. For the United States and other developed countries, the high costs of being poor are most evident not…
I have worked on the problems of poverty, particularly in sub-Saharan Africa, for much of my professional life. I worked at the Centre for the Study of African Economies, which is part of the Department of Economics at Oxford University, from 1991 until my retirement in 2012. I continue to work both with the Centre and the Department as a Managing Editor of Oxford Economic Papers and Chief Editor of the Journal of African Economies. My recent book The Poor and the Plutocrats grew out of this background where I wanted to understand the links between very poor countries and those of much richer ones.
The papers in this book follow on from an article in Vanity Fair, "Of the 1%, for the 1%, by the 1%". Mimicking Abraham Lincoln’s famous definition in his Gettysburg Address.
A central argument that runs throughout the book is that the growing inequality in the US is chosen, not by its peoples, but by its government. The implication is that the rising inequality and its causes are a threat to US democracy. The book sees a great divide opening between the mass of its citizens and a plutocratic class whose income, and relative position, continues to improve. The book documents how governments have pursued policies that only benefit the 1%.
In The Great Divide, Joseph E. Stiglitz expands on the diagnosis he offered in his best-selling book The Price of Inequality and suggests ways to counter America's growing problem. With his signature blend of clarity and passion, Stiglitz argues that inequality is a choice-the cumulative result of unjust policies and misguided priorities.
Gathering his writings for popular outlets including Vanity Fair and the New York Times, Stiglitz exposes in full America's inequality: its dimensions, its causes, and its consequences for the nation and for the world. From Reagan-era to the Great Recession and its long aftermath, Stiglitz delves into the…
For over 44 years, I have been a writer, speaker, anchor, interviewer, teacher, analyst/commentator, publisher, producer, director, and consultant across different mass media: the written word, the spoken word, and the audio-visual medium – printed publications and websites, radio and podcasts, television, and documentary cinema. As a student of the political economy of India, I have sought to investigate the working of the nexus between business and politics. I am of the view that crony capitalism and oligarchy are at the roots of much that has gone wrong in the country of my birth and domicile which is often described as the “world’s largest democracy”.
American author Mark Twain had described the last decades of the 19th century as the Gilded Age in the United States, a period when on the surface everything appeared to be glittering like gold concealing the filth and ugliness that lay beneath. British journalist and academic James Crabtree, now based in Singapore, believes that the last few decades in India closely resembles the Gilded Age of the US. His 357-page book is filled with dozens of anecdotes about some of India’s most wealthy individuals such as Mukesh Ambani, Gautam Adani, and Vijay Mallya. His meetings with them and his detailed descriptions of their lifestyles and demeanour make for racy reading.
A disclaimer: Crabtree has described in flattering terms his meeting with this writer and referred to some of my articles and books.
A colorful and revealing portrait of the rise of India’s new billionaire class in a radically unequal society
India is the world’s largest democracy, with more than one billion people and an economy expanding faster than China’s. But the rewards of this growth have been far from evenly shared, and the country’s top 1% now own nearly 60% of its wealth. In megacities like Mumbai, where half the population live in slums, the extraordinary riches of India’s new dynasties echo the Vanderbilts and Rockefellers of America's Gilded Age, funneling profits from huge conglomerates into lifestyles of conspicuous consumption.
I have an unusual personal history. I majored in math in college and aspired to a life as a scientist. However, the civil rights movement and other events of the 1960s and 1970s inspired me to switch and earn a doctorate in sociology. (Which considers itself a science.) My first faculty position, at Yale beginning in 1972, involved a joint appointment in the Sociology Department and the Institution for Social and Policy Studies, which focused on public policy. During the remainder of my career I have worked and published together with economists and sought to do research that uses the perspectives of both fields.
This book by sociologist Newman provides an ideal mix of statistical data with in-depth interviews with a group of low-wage workers, describing how their employment and life conditions changed over time.
We come to know these people, to understand what it is like to be employed in a low-wage job, and how it is possible but not easy for them to move up to better-paying jobs.
Now that the welfare system has been largely dismantled, the fate of America's poor depends on what happens to them in the low-wage labour market. In this timely volume, Katherine S. Newman explores whether the poorest workers and families benefited from the tight labour markets and good economic times of the late 1990s. Following black and Latino workers in Harlem, who began their work lives flipping burgers, she finds more good news than we might have expected coming out of a high-poverty neighbourhood. Many adult workers returned to school and obtained trade certificates, high school diplomas and college degrees. Their…
I’ve been driven to help advance women and girls around the world for years, shining a light on their stories of resilience and strength, even in the most dire of circumstances. My thirty-plus-year career in global development has introduced me to hundreds of inspirational women who are changing their own lives, investing in their families, and building their communities. I am a woman for women because of them. The recommended authors are inspirational women in their own right who have used their writing to amplify the voices of other women. I hope you enjoy these books and can identify with the personal stories found in their pages.
“When you lift up women, you lift up humanity." These words from Melinda Gates’ book resonate deeply with my own story and experiences. Melinda gives several examples of women driving change on different levels in their families, communities, and societies. Similar to the pages in my book, Melinda shares heart-rending conversations she’s had with women all over the world and offers practical solutions for how we can get involved to make the world a better place.
How can we summon a moment of lift for human beings―and especially for women? Because when you lift up women, you lift up humanity.
For the last twenty years, Melinda Gates has been on a mission to find solutions for people with the most urgent needs, wherever they live. Throughout this journey, one thing has become increasingly clear to her: If you want to lift society up, you need to stop keeping women down.
In this moving and compelling book, Melinda shares lessons she’s learned from the inspiring people she’s met during her work and travels…
I am a political economist committed to building a better world for all. In my academic work, I explore the obstacles to human flourishing and the best policies to promote more equitable development. The growing concentration of wealth among a small elite have become one of our most significant challenges to create better societies. In a growing number of countries, the wealthy control more than a third of all the income generated every year, contributing to social discontent and reducing the opportunities for the majority. I want to convince everyone out there about the urgency of understanding why inequality takes place, why it is costly and how we can fight against it is.
Frank is, in my view, one of the most engaging writers on inequality.
He has developed interesting insights like the “winner takes-all society”: the idea that we live in a world in which a small group of people reaps most of the benefits in all markets from sports to music or academia.
InFalling Behind, Frank shows how inequality does not only harm the poor but the middle class as well.
I like how he combines economic data with many examples to show how consumption patterns among the wealthy lead to an “expenditure cascades” that force the middle class to borrow too much money and consume more than it should.
The book is a reminder that inequality must be explored from many dimensions and its solution will require a lot of creativity.
Although middle-income families don't earn much more than they did several decades ago, they are buying bigger cars, houses, and appliances. To pay for them, they spend more than they earn and carry record levels of debt. In a book that explores the very meaning of happiness and prosperity in America today, Robert Frank explains how increased concentrations of income and wealth at the top of the economic pyramid have set off "expenditure cascades" that raise the cost of achieving many basic goals for the middle class. Writing in lively prose for a general audience, Frank employs up-to-date economic data…
