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

Resource Information

The work The upside of inequality : how good intentions undermine the middle class represents a distinct intellectual or artistic creation found in Indiana State Library. This resource is a combination of several types including: Work, Language Material, Books.

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Label

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

Title remainder

how good intentions undermine the middle class

Statement of responsibility

Ed Conard

Creator

• trueConard, Edward
• Conard, Edward

Author

• Conard, Edward

Subject

• trueWealth
• trueMiddle class -- United States -- Economic conditions
• trueFinance -- United States
• trueEquality
• trueMiddle class
• trueBusiness and economics -- Economics | Socioeconomics
• trueCapitalism and inequality
• United States -- Economic policy -- 2009-
• trueEconomic policy
• trueTaxation
• United States -- Economic conditions -- 2009-
• Equality -- United States

Genre

• trueBusiness and economics

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

Tone

• trueConservative

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

Target audience

adult