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Stiglitz draws on his deep understanding of economics to show that growing inequality is not inevitable: moneyed interests compound their wealth by stifling true, dynamic capitalism. They have made America the most unequal advanced industrial country while crippling growth, trampling on the rule of law, and undermining democracy. The result: a divided society that cannot tackle its most pressing problems. With characteristic insight, Stiglitz examines our current state, then teases out its implications for democracy, for monetary and budgetary policy, and for globalization. He closes with a plan for a more just and prosperous future.
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By P. Smith on 02-03-15
An explosion of ideas with no depth
What disappointed you about The Price of Inequality?
I've gone through chapter 4 and can't continue. Everything felt like an extended introduction with idea after idea being thrown at you, but never explored in any detail. To make matters worse, he'd often circle back to the same idea later on and then continue to fail to expand on it a second or third time or fourth time.
What could Joseph E. Stiglitz have done to make this a more enjoyable book for you?
Flesh out his ideas. I know he's talking to regular folk, not economists, but thats no excuse for failing to expand his ideas. Yes, I get that the 1 percent rigs the system in their favor and that one of the ways they do this is regulatory capture, but maybe you can give me more than 1 sentence about it. I learned far more from a 15 minute podcast I listeneded to last year than I have any chchance of learning from this book.
What does Paul Boehmer bring to the story that you wouldn’t experience if you just read the book?
Gravitas. I felt like I was listening to someone important and worthy of my attention.
If you could play editor, what scene or scenes would you have cut from The Price of Inequality?
So far everything but the introduction. Chapters 1 through 4 did not add anything beyond what I heard right up front. No illumination or expansion of ideas. I have not read past that and don't intend to as it literally feals like a waste of my time.
Any additional comments?
I'd bought this book because I was hoping to hear about the complex relationship between government and the economy and a way to produce a system with more positive feedback loops that will dissuade abuses and help make our economy stronger. He's not going there. If you want to hear complaints, this is your guy. If you want to hear anything but one-line solutions, apparently he doesn't want to go there.
13 of 13 people found this review helpful