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People, Power, and Profits

People, Power, and Profits

Progressive Capitalism for an Age of Discontent

by Joseph Stiglitz
Paperback
Publication Date: 19/05/2020

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The Nobel Prize-winning economist and best-selling author challenges us to throw off the free market fundamentalists and reclaim the economy.

We all have the sense that our economy tilts toward big business, but, as Joseph E. Stiglitz explains in People, Power, and Profits, a few corporations now dominate entire sectors, contributing to skyrocketing inequality and slow growth. This is how the financial industry has managed to write its own regulations, tech companies have accumulated reams of personal data without oversight, and the government has negotiated trade deals that fail to represent the interests of workers. Too many have made their wealth through exploitation of others rather than through wealth creation. New technologies may make matters worse, increasing inequality and unemployment.

Stiglitz identifies the true sources of wealth and of increases in standards of living, based on learning, advances in science and technology, and the rule of law. He shows that the assault on the judiciary, universities, and the media undermines the very institutions that have long been the foundation of economic prosperity and democracy. He sets out the economic solutions which will exploit the benefits of markets while taming their excesses, and how a decent middle-class life can once again be attainable for all.

ISBN:
9780141990781
9780141990781
Category:
Macroeconomics
Format:
Paperback
Publication Date:
19-05-2020
Language:
English
Publisher:
Penguin Publishing Group
Country of origin:
United States
Pages:
400
Dimensions (mm):
198x129x23mm
Weight:
0.29kg
Joseph Stiglitz

Joseph Stiglitz was Chief Economist at the World Bank until January 2000. Before that he was Chairman of President Clinton's Council of Economic Advisors. He is currently Professor of Finance and Economics at Columbia University. He won the Nobel Prize for Economics in 2001.

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