Inequality, Boom, and Bust

Released on by Howard J. Sherman
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  • Inequality, Boom, and Bust Book Detail

  • Author : Howard J. Sherman
  • Release Date : 2018-02-19
  • Publisher : Routledge
  • Genre : Business & Economics
  • Pages : 379
  • ISBN 13 : 1351210882
  • File Size : 9,9 MB
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Inequality, Boom, and Bust by Howard J. Sherman PDF Summary

Book Description: There is enormous inequality between the income and wealth of the richest 1 percent and all other Americans. While the top 1 percent own 42 percent of all wealth in America, the lower half on the income ladder has only 2 percent of all of the wealth. This book develops a viewpoint contrary to the prevailing conservative paradigm, setting out both reasons for this inequality and the impact of this. To explain inequality, conservative economists focus on individual characteristics such as intelligence and hard work. This book puts forward new evidence to show that changes in economic inequality are primarily due to characteristics inherent in the standard operation of capitalist institutions. Furthermore, the authors seek to explain the cycle of boom and bust by considering political and social factors often overlooked by conservative economists. This book also explores how wealth influences political policies in a way that increases economic inequality even more than its present level. Through analysis of American political and economic institutions, Inequality, Boom, and Bust presents concrete steps for an activist, progressive policy to greatly reduce inequality through free healthcare, free higher education, and reduced unemployment.

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Inequality, Boom, and Bust

Inequality, Boom, and Bust

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There is enormous inequality between the income and wealth of the richest 1 percent and all other Americans. While the top 1 percent own 42 percent of all wealt

Bubbles, Booms, and Busts

Bubbles, Booms, and Busts

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This book deals at some length with the question: Since there are many more poor than rich, why don’t the poor just tax the rich heavily and reduce the inequa

Boom and Bust

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While the recent economic crisis was a painful period for many Americans, the panic surrounding the downturn was fueled by an incomplete understanding of econom