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Hollowed Out: Why the Economy Doesn´t Work without a Strong Middle Class
David Madland
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Description for Hollowed Out: Why the Economy Doesn´t Work without a Strong Middle Class
Paperback. For the past several decades, politicians and economists thought that high levels of inequality were good for the economy. This book explains that to have strong, sustainable growth, the economy needs to work for everyone and expand from the middle out. Num Pages: 272 pages, illustrations. BIC Classification: KCA; KCB; KCP. Category: (G) General (US: Trade). Dimension: 212 x 139 x 20. Weight in Grams: 356.
For the past several decades, politicians and economists thought that high levels of inequality were good for the economy. But because America's middle class is now so weak, the US economy suffers from the kinds of problems that plague less-developed countries. As Hollowed Out explains, to have strong, sustainable growth, the economy needs to work for everyone and expand from the middle out. This new thinking has the potential to supplant trickle-down economics the theory that was so wrong about inequality and our economy and shape economic policy making for generations.
For the past several decades, politicians and economists thought that high levels of inequality were good for the economy. But because America's middle class is now so weak, the US economy suffers from the kinds of problems that plague less-developed countries. As Hollowed Out explains, to have strong, sustainable growth, the economy needs to work for everyone and expand from the middle out. This new thinking has the potential to supplant trickle-down economics the theory that was so wrong about inequality and our economy and shape economic policy making for generations.
Product Details
Publisher
University of California Press
Format
Paperback
Publication date
2015
Condition
New
Number of Pages
272
Place of Publication
Berkerley, United States
ISBN
9780520286528
SKU
V9780520286528
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About David Madland
David Madland, Ph.D., is Managing Director for Economic Policy at the Center for American Progress.
Reviews for Hollowed Out: Why the Economy Doesn´t Work without a Strong Middle Class
"The director of economic policy at the Center for American Progress argues that it is time to mount a political challenge to the economic theories-namely, supply-side, or trickle-down economics-that have provided cover for the unparalleled growth in inequality over the past three decades... A dramatic and clearly delineated outline of 'how the stage has been set for transformative political conflict.'" ... Read more