Monday, November 5, 2012

Stiglitz on Inequality

The Price of Inequality, by Nobel Prize winner Joseph Stiglitz, delves into the causes of the widening income and wealth inequality in the U.S. over the last quarter century.

Stiglitz writes authoritatively on the economic issues of rent seeking and market failures, as well as the fact that inequality is due as much to political as economic forces. He goes on to demonstrate that these political forces are often designed to benefit the few over society taken in its entirety.