Joseph Stiglitz Explains the Price of Inequality
Wednesday, June 06, 2012
The top 1 percent of Americans control 40 percent of the nation’s wealth. Nobel Prize–winning economist Joseph Stiglitz explains the factors that have made America the most unequal advanced industrial country and argues that our inequality cripples growth, tramples on the rule of law, and undermines democracy. In The Price of Inequality: How Today's Divided Society Endangers Our Future Stiglitz examines our current state and its implications for democracy, monetary and budgetary policy, and globalization, and he includes a plan for a more fair and prosperous future for everyone.