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The Price of Inequality (Paperback)
Loot Price: R380
Discovery Miles 3 800
You Save: R84
(18%)
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The Price of Inequality (Paperback)
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List price R464
Loot Price R380
Discovery Miles 3 800
You Save R84 (18%)
Expected to ship within 9 - 15 working days
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Nobel Laureate Joseph Stiglitz explains why we are experiencing
such destructively high levels of inequality - and why this is not
inevitable The top 1 percent have the best houses, the best
educations, the best doctors, and the best lifestyles, but there is
one thing that money doesn't seem to have bought: an understanding
that their fate is bound up with how the other 99 percent live.
Throughout history, this is something that the top 1 percent
eventually do learn - too late. In this timely book, Joseph
Stiglitz identifies three major causes of our predicament: that
markets don't work the way they are supposed to (being neither
efficient nor stable); how political systems fail to correct the
shortcomings of the market; and how our current economic and
political systems are fundamentally unfair. He focuses chiefly on
the gross inequality to which these systems give rise, but also
explains how inextricably interlinked they are. Providing evidence
that investment - not austerity - is vital for productivity, and
offering realistic solutions for levelling the playing field and
increasing social mobility, Stiglitz argues that reform of our
economic and political systems is not just fairer, but is the only
way to make markets work as they really should. Joseph Stiglitz was
Chief Economist at the World Bank until January 2000. He is
currently University Professor of the Columbia Business School and
Chair of the Management Board and Director of Graduate Summer
Programs, Brooks World Poverty Institute, University of Manchester.
He won the Nobel Prize for Economics in 2001 and is the
best-selling author of Globalization and Its Discontents, The
Roaring Nineties, Making Globalization Work and Freefall, all
published by Penguin.
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