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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
Title variation
How good intentions undermine the middle class
Creator
Author
Subject
Language
eng
Summary
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{u2019}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{u2014}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 2crony capitalism3 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
Cataloging source
DLC
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Label
The upside of inequality : how good intentions undermine the middle class, Ed Conard
Instantiates
Publication
Bibliography note
Includes bibliographical references 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
The World As We Find It -- The causes of growing inequality -- The reasons for slowing wage growth -- 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 -- The Way Forward -- Our moral obligation to help those less fortunate -- The limitations of education -- Real solutions
Control code
sky2ocm83198321
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
Label
The upside of inequality : how good intentions undermine the middle class, Ed Conard
Publication
Bibliography note
Includes bibliographical references 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
The World As We Find It -- The causes of growing inequality -- The reasons for slowing wage growth -- 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 -- The Way Forward -- Our moral obligation to help those less fortunate -- The limitations of education -- Real solutions
Control code
sky2ocm83198321
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

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