The Upside of Inequality

Written By Edward Conard
The Upside of Inequality
  • Publsiher : Penguin
  • Release : 13 September 2016
  • ISBN : 0698409914
  • Pages : 320 pages
  • Rating : 4/5 from 21 reviews
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Read or download book entitled The Upside of Inequality written by Edward Conard which was release on 13 September 2016, this book published by Penguin. Available in PDF, EPUB and Kindle Format. Book excerpt: The scourge of America’s economy isn't the success of the 1 percent—quite the opposite. The real problem is the government’s well-meaning but misguided attempt to reduce the payoffs for success. Four years ago, Edward Conard wrote a controversial bestseller, Unintended Consequences, which set the record straight on the financial crisis of 2008 and explained why U.S. growth was accelerating relative to other high-wage economies. He warned that loose monetary policy would produce neither growth nor inflation, that expansionary fiscal policy would have no lasting benefit on growth in the aftermath of the crisis, and that ill-advised attempts to rein in banking based on misplaced blame would slow an already weak recovery. Unfortunately, he was right. Now he’s back with another provocative argument: that our current obsession with income inequality is misguided and will only slow growth further. Using fact-based logic, 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” more broadly. 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.

The Upside of Inequality

The Upside of Inequality
  • Author : Edward Conard
  • Publisher : Penguin
  • Release Date : 2016-09-13
  • Total pages : 320
  • ISBN : 0698409914
GET BOOK

Summary : The scourge of America’s economy isn't the success of the 1 percent—quite the opposite. The real problem is the government’s well-meaning but misguided attempt to reduce the payoffs for success. Four years ago, Edward Conard wrote a controversial bestseller, Unintended Consequences, which set the record straight on the ...

Summary and Analysis of The Upside of Inequality How Good Intentions Undermine the MIddle Class

Summary and Analysis of The Upside of Inequality  How Good Intentions Undermine the MIddle Class
  • Author : Worth Books
  • Publisher : Open Road Media
  • Release Date : 2017-04-04
  • Total pages : 30
  • ISBN : 0698409914
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Summary : Summary and Analysis of The Upside of Inequality: How Good Intentions Undermine the Middle Class Based on the Book by Edward Conard So much to read, so little time? This brief overview of The Upside of Inequality tells you what you need to know—before or after you read Edward ...

The Upside of Downsizing

The Upside of Downsizing
  • Author : Sara B. Hart
  • Publisher : Positively Powered
  • Release Date : 2018-05-18
  • Total pages : 136
  • ISBN : 0698409914
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Summary : Sara knew she had to move but she didn't want to. Knowing it was the right thing to do, she dove in, documenting every phase and the emotional ups and downs that went with them. Her story is a lighthearted look at this major life transition, filled with humor and ...

The Globalized Woman

The Globalized Woman
  • Author : Christa Wichterich
  • Publisher : Zed Books
  • Release Date : 2000-02
  • Total pages : 180
  • ISBN : 0698409914
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Summary : 3 Means of Living...

Inequality in America Causes and Consequences

Inequality in America  Causes and Consequences
  • Author : Robert S. Rycroft,Kimberley Kinsley
  • Publisher : ABC-CLIO
  • Release Date : 2021-06-30
  • Total pages : 359
  • ISBN : 0698409914
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Summary : This authoritative reference work explores the factors driving the much-debated increase in economic inequality in U.S. society, as well as the impact that this divide is having on U.S. culture, politics, families, communities, and institutions. This reference work provides an authoritative and comprehensive resource for both students and ...

United States Income Wealth Consumption and Inequality

United States Income  Wealth  Consumption  and Inequality
  • Author : Diana Furchtgott-Roth
  • Publisher : Oxford University Press
  • Release Date : 2020-08-25
  • Total pages : 288
  • ISBN : 0698409914
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Summary : Over the past 75 years, household income in the United States has increased substantially. Still, by some measures, income inequality has increased as well. This has been the subject of contested public policy and political discourse. The question still stands: How can we better articulate the nuanced changes in American incomes? ...

Fulfilling the Sustainable Development Goals

Fulfilling the Sustainable Development Goals
  • Author : Narinder Kakar,Vesselin Popovski,Nicholas A. Robinson
  • Publisher : Routledge
  • Release Date : 2021-08-31
  • Total pages : 574
  • ISBN : 0698409914
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Summary : This book contains assessment of the progress, or the lack of it, in implementing the UN Sustainable Development Goals (SDGs). Through review of the assessments and of case studies, readers can draw lessons from the actions that could work to positively address the goals. The 2030 Agenda for Sustainable Development is ...

The Upside of Down

The Upside of Down
  • Author : Thomas Homer-Dixon
  • Publisher : Vintage Canada
  • Release Date : 2010-02-05
  • Total pages : 256
  • ISBN : 0698409914
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Summary : From the author of the #1 bestselling and Governor General’s Literary Award-winning The Ingenuity Gap – an essential addition to the bookshelf of every thinking person with a stake in our world and our civilization. This is a groundbreaking, essential book for our times. Thomas Homer-Dixon brings to bear his formidable ...

Issues for Debate in American Public Policy

Issues for Debate in American Public Policy
  • Author : CQ Researcher,
  • Publisher : CQ Press
  • Release Date : 2020-08-27
  • Total pages : 448
  • ISBN : 0698409914
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Summary : Written by award-winning CQ Researcher journalists, this annual collection of nonpartisan and thoroughly researched reports focuses on 16 hot-button policy issues. The Twenty-Second Edition of Issues for Debate in American Public Policy promotes in-depth discussion, facilitates further research, and helps readers formulate their own positions on crucial policy issues. And because ...

The Future of Educational Entrepreneurship

The Future of Educational Entrepreneurship
  • Author : Frederick M. Hess
  • Publisher : Harvard Educational Publishing Group
  • Release Date : 2008
  • Total pages : 282
  • ISBN : 0698409914
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Summary : In The Future of Educational Entrepreneurship, Hess discovers avenues, challenges, and the wide-ranging benefits of allowing entrepreneurial activity in public schools. This book gives educational entrepreneurship much-needed attention and elucidation....

Human Capitalism

Human Capitalism
  • Author : Brink Lindsey
  • Publisher : Princeton University Press
  • Release Date : 2013-04-28
  • Total pages : 144
  • ISBN : 0698409914
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Summary : What explains the growing class divide between the well educated and everybody else? Noted author Brink Lindsey, a senior scholar at the Kauffman Foundation, argues that it's because economic expansion is creating an increasingly complex world in which only a minority with the right knowledge and skills--the right "human capital"...

Inequality

Inequality
  • Author : Mikayla Novak
  • Publisher : Springer
  • Release Date : 2018-05-09
  • Total pages : 262
  • ISBN : 0698409914
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Summary : ‘This book is a thoroughly researched and well written exploration of one of the most divisive topics in modern democratic discourse. Novak brings careful and clear thinking to a topic too often clouded in emotion and guided by moral intuition. ‘ —Peter Boettke, Professor of Economics and Philosophy, George Mason University, ...

The Guise of Exceptionalism

The Guise of Exceptionalism
  • Author : Robert Fatton
  • Publisher : Rutgers University Press
  • Release Date : 2021-04-16
  • Total pages : 262
  • ISBN : 0698409914
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Summary : The Guise of Exceptionalism compares the historical origins of Haitian and American exceptionalisms. It also traces how exceptionalism as a narrative of uniqueness has shaped relations between the two countries from their early days of independence through the contemporary period. Exceptionalism is at the core of every national founding narrative. ...

The Economics of Inequality Discrimination Poverty and Mobility

The Economics of Inequality  Discrimination  Poverty  and Mobility
  • Author : Robert S. Rycroft
  • Publisher : Routledge
  • Release Date : 2017-09-01
  • Total pages : 408
  • ISBN : 0698409914
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Summary : If there was any question before, there is no longer a question today: inequality, discrimination, poverty, and mobility are prominent national issues. The notion of "The American Dream" has been sold to generations of young Americans as the idea that working hard and following your dreams will allow you to ...

Rediscovering Social Economics

Rediscovering Social Economics
  • Author : Roger D. Johnson
  • Publisher : Springer
  • Release Date : 2017-02-23
  • Total pages : 191
  • ISBN : 0698409914
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Summary : This book argues that economists need to reengage with societal issues, such as justice and fairness in distribution, that inevitably arise when discussing the basic economic problem of unlimited human wants and finite resources. Approaching the problem through a history of economic thought, Johnson reexamines Adam Smith’s contributions to ...