Read La grande fracture: Les sociétés inégalitaires et ce que nous pouvons faire pour les changer (LIENS QUI LIBER) by Joseph E. Stiglitz Free Online
Book Title: La grande fracture: Les sociétés inégalitaires et ce que nous pouvons faire pour les changer (LIENS QUI LIBER)|
The author of the book: Joseph E. Stiglitz
Format files: PDF
The size of the: 23.19 MB
Edition: Éditions Les Liens qui libèrent
Date of issue: September 2nd 2015
ISBN: No data
ISBN 13: No data
Read full description of the books La grande fracture: Les sociétés inégalitaires et ce que nous pouvons faire pour les changer (LIENS QUI LIBER):There is little that is technically new in this book. It is a collection of previously published newspaper columns, essays, speeches, and one new interview and a few essays.
The main point here can be summarized by one of the essay titles: 'Inequality is not inevitable'. He makes the point that the relative extremes of inequality in the United States were not a natural law of capitalism, but a deliberate result of political forces, particularly the neoliberal policy reforms made from 1980 onward. There are subtle differences here between Stiglitz and Piketty on limiting the accumulation of capital, but Stiglitz regards Piketty and Saez's work high enough that he writes multiple essays on how important it is.
After this, there are multiple essays on the economic consequences of inequality. (That phrase is a reference to Keynes' Economic Consequences of the Peace.) There's a lot to talk about here, and Stiglitz touches on a wide spectrum without diluting his message too much. One major component is that income inequality lowers aggregate demand, thus preventing economic recovery. Not to mention all the externalities such as social mobility, health, and educational status. Even the IMF, hardly a collection of economic radicals, acknowledges the damages of income inequality.
His policy suggestions are simple to explain, have a sound theoretical and historical backing, and have worked to some degree in the past. They are also damn near politically impossible. These include a return to improved market competition by breaking apart the worst monopolies, avoiding the extremes of rent-seeking intellectual property laws, reinstating the separation between investment and savings banks as seen in Glass-Steagall, and a social safety net to protect the poorest from the vagaries of market forces.
These essays show comprehensive understanding of what the problem is, and some suggestions of what needs to be done. It's a Greatest Hits selection from Stiglitz. You likely know how this goes already, but it's important to understand the ideas in his own words.
Read information about the authorJoseph Eugene Stiglitz, ForMemRS, FBA, is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is also the former Senior Vice President and Chief Economist of the World Bank. He is known for his critical view of the management of globalization, free-market economists (whom he calls "free market fundamentalists") and some international institutions like the International Monetary Fund and the World Bank.
In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. Since 2001, he has been a member of the Columbia faculty, and has held the rank of University Professor since 2003. He also chairs the University of Manchester's Brooks World Poverty Institute and is a member of the Pontifical Academy of Social Sciences. Professor Stiglitz is also an honorary professor at Tsinghua University School of Public Policy and Management. Stiglitz is one of the most frequently cited economists in the world.
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