Coverart for item
The Resource The upside of inequality : how good intentions undermine the middle class, Ed Conard

The upside of inequality : how good intentions undermine the middle class, Ed Conard

Label
The upside of inequality : how good intentions undermine the middle class
Title
The upside of inequality
Title remainder
how good intentions undermine the middle class
Statement of responsibility
Ed Conard
Creator
Author
Subject
Genre
Language
eng
Summary
Wall Street veteran Edward Conard argues that our current obsession with income inequality is misguided and will only slow growth further. Conard tracks the implications of an economy now constrained by both its capacity for risk-taking and by a shortage of properly trained talent -- rather than by labor or capital, as was the case historically. He uses this fresh perspective to challenge the conclusions of liberal economists like Larry Summers and Joseph Stiglitz and the myths of "crony capitalism." Instead, he argues that the growing wealth of most successful Americans is not to blame for the stagnating incomes of the middle and working classes. If anything, the success of the 1 percent has put upward pressure on employment and wages. Conard argues that high payoffs for success motivate talent to get the training and take the risks that gradually loosen the constraints to growth. Well-meaning attempts to decrease inequality through redistribution dull these incentives, gradually hurting not just the 1 percent but everyone else as well. Conard outlines a plan for growing middle- and working-class wages in an economy with a near infinite supply of labor that is shifting from capital-intensive manufacturing to knowledge-intensive, innovation-driven fields. He urges us to stop blaming the success of the 1 percent for slow wage growth and embrace the upside of inequality: faster growth and greater prosperity for everyone
Summary
Shares contrarian arguments by the defender of capitalism at the height of the Occupy movement, drawing on a historical study of the ebbs and flows of the economy to propose economy-stimulating strategies designed to benefit everyone
Tone
http://library.link/vocab/ext/novelist/bookUI
10532678
Cataloging source
DLC
Dewey number
339.2/2086220973
Illustrations
charts
Index
index present
LC call number
HC106.84
LC item number
.C657 2016
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/resourcePreferred
True
Target audience
adult
http://bibfra.me/vocab/lite/titleRemainder
how good intentions undermine the middle class
Label
The upside of inequality : how good intentions undermine the middle class, Ed Conard
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 269-3040) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Part I. The world as we find it -- The causes of growing inequality -- The reasons for slowing wage growth -- Part II. Debunking myths: why mitigating inequality is not the solution -- The myth that incentives don't matter -- The myth that success is largely unearned -- The myth that investment opportunities are in short supply -- The myth that progress hollows out the middle class -- The myth that mobility has declined -- Part III. The way forward -- Our moral obligation to help those less fortunate -- The limitations of education -- Real solutions
Control code
20815800
Dimensions
24 cm
Extent
311 pages
Isbn
9781595231239
Isbn Type
(hbk)
Lccn
2016030360
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
  • (OCoLC)ocn957414409
  • (OCoLC)957414409
Label
The upside of inequality : how good intentions undermine the middle class, Ed Conard
Publication
Bibliography note
Includes bibliographical references (pages 269-3040) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Part I. The world as we find it -- The causes of growing inequality -- The reasons for slowing wage growth -- Part II. Debunking myths: why mitigating inequality is not the solution -- The myth that incentives don't matter -- The myth that success is largely unearned -- The myth that investment opportunities are in short supply -- The myth that progress hollows out the middle class -- The myth that mobility has declined -- Part III. The way forward -- Our moral obligation to help those less fortunate -- The limitations of education -- Real solutions
Control code
20815800
Dimensions
24 cm
Extent
311 pages
Isbn
9781595231239
Isbn Type
(hbk)
Lccn
2016030360
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
  • (OCoLC)ocn957414409
  • (OCoLC)957414409

Library Locations

    • Indiana State LibraryBorrow it
      315 W. Ohio St., Indianapolis, IN, 46202, US
      39.77004 -86.164015

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