The upside of inequality : how good intentions undermine the middle class
(Book)

Book Cover
Average Rating
Status
Description
Loading Description...
Also in this Series
Copies
Location
Call Number
Status
Gilpin County Public Library - NONFICTION
339.220 CONARD
On Shelf
Ouray Public Library - NONFICTION
339.22 CON
On Shelf
Pines and Plains - Elizabeth Public Library - NONFICTION
ANF 339.220 CON
On Shelf
More Like This
More Details
Published
New York ;
Format
Book
Physical Desc
311 pages ; 24 cm.
Language
English
ISBN
9781595231239, 1595231234

Notes

Bibliography
Includes bibliographical references and index.
Description
Wall Street veteran Edward Conard argues that our current obsession with income inequality is misguided and will only slow growth further. Conard tracks the implications of an economy now constrained by both its capacity for risk-taking and by a shortage of properly trained talent -- 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 "crony capitalism." 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.
Reviews from GoodReads
Loading GoodReads Reviews.
Citations
APA Citation (style guide)

Conard, E. The upside of inequality: how good intentions undermine the middle class. New York.

Chicago / Turabian - Author Date Citation (style guide)

Conard, Edward. The Upside of Inequality: How Good Intentions Undermine the Middle Class. New York.

Chicago / Turabian - Humanities Citation (style guide)

Conard, Edward, The Upside of Inequality: How Good Intentions Undermine the Middle Class. New York.

MLA Citation (style guide)

Conard, Edward. The Upside of Inequality: How Good Intentions Undermine the Middle Class. New York, Print.

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
Staff View
Loading Staff View.