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Unbound - How Inequality Constricts Our Economy and What We Can Do about It (Paperback)
Loot Price: R483
Discovery Miles 4 830
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Unbound - How Inequality Constricts Our Economy and What We Can Do about It (Paperback)
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Loot Price R483
Discovery Miles 4 830
Expected to ship within 12 - 17 working days
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A Financial Times Book of the Year "The strongest documentation I
have seen for the many ways in which inequality is harmful to
economic growth." -Jason Furman "A timely and very useful
guide...Boushey assimilates a great deal of recent economic
research and argues that it amounts to a paradigm shift." -New
Yorker Do we have to choose between equality and prosperity?
Decisions made over the past fifty years have created underlying
fragilities in our society that make our economy less effective in
good times and less resilient to shocks, such as today's
coronavirus pandemic. Many think tackling inequality would require
such heavy-handed interference that it would stifle economic
growth. But a careful look at the data suggests nothing could be
further from the truth-and that reducing inequality is in fact key
to delivering future prosperity. Presenting cutting-edge economics
with verve, Heather Boushey shows how rising inequality is a drain
on talent, ideas, and innovation, leading to a concentration of
capital and a damaging under-investment in schools, infrastructure,
and other public goods. We know inequality is fueling social
unrest. Boushey shows persuasively that it is also a serious drag
on growth. "In this outstanding book, Heather Boushey...shows that,
beyond a point, inequality damages the economy by limiting the
quantity and quality of human capital and skills, blocking access
to opportunity, underfunding public services, facilitating
predatory rent-seeking, weakening aggregate demand, and increasing
reliance on unsustainable credit." -Martin Wolf, Financial Times
"Think rising levels of inequality are just an inevitable outcome
of our market-driven economy? Then you should read Boushey's
well-argued, well-documented explanation of why you're wrong."
-David Rotman, MIT Technology Review
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