The Upside Of Inequality Summary
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✏Summary and Analysis of The Upside of Inequality How Good Intentions Undermine the MIddle Class Book Summary : Summary and Analysis of The Upside of Inequality: How Good Intentions Undermine the Middle Class Based on the Book by Edward Conard So much to read, so little time? This brief overview of The Upside of Inequality tells you what you need to know—before or after you read Edward Conard’s book. Crafted and edited with care, Worth Books set the standard for quality and give you the tools you need to be a well-informed reader. This short summary and analysis of The Upside of Inequality includes: Historical context Chapter-by-chapter overviews Important quotes Fascinating trivia Glossary of terms Supporting material to enhance your understanding of the original work About The Upside of Inequality: How Good Intentions Undermine the Middle Class by Edward Conard: New York Times–bestselling author Edward Conard argues in favor of an American economic system that results in massive income inequality. Breaking down the causes of inequality while dispelling many of the myths surrounding stagnating wages and financial disparity for the the lower and middle classes, Conard dismisses the call for wealth redistribution. He, instead, makes the case for lower taxes, less regulation of banks, restricted immigration, and lower trade deficits. The summary and analysis in this ebook are intended to complement your reading experience and bring you closer to a great work of nonfiction.
📒The Upside Of Inequality ✍ Edward Conard
✏The Upside of Inequality Book Summary : The scourge of America’s economy isn't the success of the 1 percent—quite the opposite. The real problem is the government’s well-meaning but misguided attempt to reduce the payoffs for success. Four years ago, Edward Conard wrote a controversial bestseller, Unintended Consequences, which set the record straight on the financial crisis of 2008 and explained why U.S. growth was accelerating relative to other high-wage economies. He warned that loose monetary policy would produce neither growth nor inflation, that expansionary fiscal policy would have no lasting benefit on growth in the aftermath of the crisis, and that ill-advised attempts to rein in banking based on misplaced blame would slow an already weak recovery. Unfortunately, he was right. Now he’s back with another provocative argument: that our current obsession with income inequality is misguided and will only slow growth further. Using fact-based logic, 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” more broadly. 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.
📒The New Geography Of Global Income Inequality ✍ Glenn Firebaugh
✏The New Geography of Global Income Inequality Book Summary : The surprising finding of this book is that, contrary to conventional wisdom, global income inequality is decreasing. Critics of globalization and others maintain that the spread of consumer capitalism is dramatically polarizing the worldwide distribution of income. But as the demographer Glenn Firebaugh carefully shows, income inequality for the world peaked in the late twentieth century and is now heading downward because of declining income inequality across nations. Furthermore, as income inequality declines across nations, it is rising within nations (though not as rapidly as it is declining across nations). Firebaugh claims that this historic transition represents a new geography of global income inequality in the twenty-first century. This book documents the new geography, describes its causes, and explains why other analysts have missed one of the defining features of our era--a transition in inequality that is reducing the importance of where a person is born in determining his or her future well-being.
📒Economic Inequality In The United States ✍ Lars Osberg
✏Economic Inequality in the United States Book Summary : Originally published in 1984, this study explores multiple theoretical perspectives as well as critically analysing the most recent evidence at the time to try and find a full explanation for inequality in the United States. Arguments of neoclassical economists and Marxist and institutional structuralists are considered by Osberg as well as putting forward his own model. Osberg uses his findings to attempt a complete explanation of the issue and advises on policies which could be undertaken by the government to try and lessen the gap. This title will be of interest to students of Economics.
📒Globalization Labor Markets And Inequality In India ✍ Dipak Mazumdar
✏Globalization Labor Markets and Inequality in India Book Summary : India started on a program of reforms, both in its external and internal aspects, sometime in the mid-eighties and going on into the nineties. While the increased exposure to world markets (â€˜globalizationâ€™) and relaxation of domestic controls has undoubtedly given a spurt to the GDP growth rate, its impact on poverty, inequality and employment have been controversial. This book examines in detail these aspects of post-reform India and discerns the changes and trends which these new developments have created. Providing an original analysis of unit-level data available from the quinquennial National Sample Surveys, the Annual Surveys of Industries and other basic data sources, the authors analyse and compare the results with other pieces of work in the literature. As well as describing the overall situation for India, the book highlights regional differences, and looks at the major industrial sectors such as agriculture, manufacturing and tertiary services. The important topic of labor market institutions - both for the formal or organized and the unorganized sectors - is considered and the possible adverse effect on employment growth of the regulatory labor framework is examined carefully. Since any reform of this framework must go hand in hand with better state intervention in the informal sector to have any chance of acceptance politically, some of the major initiatives in this area are critically explored. Overall, this book will be of great interest to development economists, labour economists and specialists in South Asian Studies.
📒Upside ✍ Bradley R.E. Ph.D. Wright
✏Upside Book Summary : Many Christians have an impending sense of doom about our country and the world. But are their fears based on reality or myth? In this book Wright examines issues of concern to Christians, including poverty, sickness, sexual morality, the environment, and the global church. Did you know that global poverty has been cut in half over the last several decades? That infant deaths have decreased dramatically in recent years? That Christianity is a growing and influential force in Asia and Africa? Maybe the world isn't in a downward spiral after all. In an age of pessimism, this book offers good news to Christian readers looking for glimpses of hope.
📒Personal Finance An Encyclopedia Of Modern Money Management ✍ Barbara Friedberg
✏Personal Finance An Encyclopedia of Modern Money Management Book Summary : This jargon-free resource explains the who, what, why, and where of contemporary personal finance in simple, easy-to-grasp language, covering the key people, events, terms, tools, policies, and products that make up modern money management. • Supplies accessible, comprehensive financial information that explains complex topics in simple language • Shows the relationship between personal finance and everyday life, from renting an apartment to saving for retirement • Answers a wide variety of personal finance questions • Provides a resource suitable for both personal and scholarly use
📒Economic Review ✍ Federal Reserve Bank of Kansas City
✏Economic Review Book Summary :
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📒Biological Consequences Of Social Inequalities In Prehistoric Peru ✍ Julie Faith Farnum
✏Biological Consequences of Social Inequalities in Prehistoric Peru Book Summary : This dissertation presents the first study of social stratification, diet, and health for the Sicán people of the North Coast of Peru. The data on developmental health, adult health, stature, injuries, and traumas were integrated with archaeological information from the Sicán Archaeological Project directed by Izumi Shimada. A holistic approach combining archaeological context, dental genetics and skeletal pathologies was utilized to evaluate the role of social status and environment pertaining to Sicán childhood health. Examination of the adults bearing the evidences of their childhood development gave insight into their classification by social group. Non-specific indicators of stress observed on human skeletal remains were used to elicit information about prehistoric diet and health of 112 Peruvian North Coast individuals focusing on remains from the Sicán Archaeological Project. These indicators included linear enamel hypoplasia (LEH), Harris Lines, cribra orbitalia/iron deficiency anemia, porotic hyperostosis, dental wear, dental caries, incidence of dead teeth, abscesses, antemortem tooth loss, and measurement of stature. Conclusions are based on the results of over 6,000 measurements. The Sicán showed more variation in developmental health by social group inferred from archeological evidence than by location and/or center versus rural periphery. A new integrated Macro- and Micro-Indicator Method (MMIM) was applied to illustrate the longitudinal nature of developmental stresses and their continuing impact upon adult health. When bone macro- and micro-stress indicators were compared, it was found that LEH and both Type II and double zonal osteons co-occurred most often in the samples from juvenile individuals. LEH was also present in all of the Sicán adults with Type II and double zonal osteons. These findings strongly support the premise that the processes of childhood stress which lead to disruption of enamel calcification also slow micro-structural bone activity. It is possible that these factors led to decreased physical activity in the affected children, which could slow micro-structural processes. It is expected that physical anthropological studies of this type will continue to contribute to the Sicán Archaeological Project as it pursues its distinguished long-term, sustained, regional, diachronic, interdisciplinary holistic approach to the Sicán Culture.