The Price of Inequality

The single most comprehensive counterargument to both Democratic neoliberalism and Republican laissez-faire theories. While credible economists running the gamut from center right to center left describe our bleak present as the result of seemingly unstoppable developments–globalization and automation, a self-replicating establishment built on “meritocratic” competition, the debt-driven collapse of 2008–Stiglitz stands apart in his defiant rejection of such notions of inevitability. He seeks to shift the terms of the debate. –Thomas B. EdsallAn impassioned argument backed by rigorous economic analysis.Concise and clearly argued.Stiglitz writes clearly and provocatively. He’s the kind of economist who can talk about terms such as ‘rent-seeking’ and the ‘euro crisis’ and bring readers along for the ride… Stiglitz isn’t just writing about people being hurt by inequality, he is also writing about the system itself being in jeopardy and what needs to be done to fix it. –Dante ChinniJoseph E. Stiglitz’s new book, The Price of Inequality, is the single most comprehensive counterargument to both Democratic neoliberalism and Republican laissez-faire theories. While credible economists running the gamut from center right to center left describe our bleak present as the result of seemingly unstoppable developments–globalization and automation, a self-replicating establishment built on “meritocratic” competition, the debt-driven collapse of 2008–Stiglitz stands apart in his defiant rejection of such notions of inevitability. He seeks to shift the terms of the debate. –Thomas B. Edsall

Joseph E. Stiglitz was Chairman of the President’s Council of Economic Advisers 1995-7 and Chief Economist at the World Bank 1997-2000. He is currently University Professor at Columbia University, teaching in the Department of Economics, the School of International and Public Affairs, and the Graduate School of Business. He is also the Chief Economist of the Roosevelt Institute and a Corresponding Fellow of the Royal Society and the British Academy. He won the Nobel Prize for Economics in 2001 and is the bestselling author of Globalization and Its Discontents, The Roaring Nineties, Making Globalization Work, Freefall, The Price of Inequality, The Great Divide and Power, People, and Profits, all published by Penguin.