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The Price of Inequality Audiobook

The Price of Inequality: How Today's Divided Society Endangers Our Future

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Publisher's Summary

The top 1 percent of Americans control 40 percent of the nation's wealth. And, as Joseph E. Stiglitz explains, while those at the top enjoy the best health care, education, and benefits of wealth, they fail to realize that "their fate is bound up with how the other 99 percent live."

Stiglitz draws on his deep understanding of economics to show that growing inequality is not inevitable: moneyed interests compound their wealth by stifling true, dynamic capitalism. They have made America the most unequal advanced industrial country while crippling growth, trampling on the rule of law, and undermining democracy. The result: a divided society that cannot tackle its most pressing problems. With characteristic insight, Stiglitz examines our current state, then teases out its implications for democracy, for monetary and budgetary policy, and for globalization. He closes with a plan for a more just and prosperous future.

©2012 Joseph E. Stiglitz (P)2012 Tantor

What Members Say

Average Customer Rating

4.1 (618 )
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4.0 (525 )
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Performance
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  •  
    Tim batavia, OH, United States 05-04-13
    Tim batavia, OH, United States 05-04-13 Member Since 2014
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    "Naive, but well intentioned"
    What could have made this a 4 or 5-star listening experience for you?

    The performance of the reader is great, it's the actual content that ruins it for me. I understand why he writes what he does, and am ok with what he believes but there is nothing new or exciting in his ideas or explanations


    What could Joseph E. Stiglitz have done to make this a more enjoyable book for you?

    Realize that the problem is the Human condition, all of his "solutions" ignore this fact, I feel as if he has a very naive and unrealistic view of people. He assumes that people wont take advantage of every situation they can. I believe there is a very small portion of the population that is altruistic, but the true 99% are the amount of people who will look after themselves 1st and foremost.


    You didn’t love this book... but did it have any redeeming qualities?

    Yes, I enjoy the diversity of his thinking from mine, and find that I agree with most every problem he conveys, I just disagree with almost all of his solutions.


    1 of 4 people found this review helpful
  •  
    William Leawood, KS, United States 07-09-12
    William Leawood, KS, United States 07-09-12

    Bill K

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    "Important reading"

    The title says it all. The author presents well reasoned, well documented arguments about how the average citizen is losing out to special interests.

    3 of 12 people found this review helpful
  •  
    Paul T. 08-27-12
    Paul T. 08-27-12 Member Since 2006
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    "Very Informative"

    The roots of the hyperpartisanism were clearly explained - at least this authors hypothesis. What was really interesting are the games that politicians play to get what THEY want and there are times that what they want is not in alignment with what is best for their constituents.

    I was of the belief that the present lack of bipartisan cooperation was due to Obama being an African American (and I do believe that plays a big part especially in the minds of some very vocal voters) but I have come to realize that there are bigger issues at play.

    1 of 7 people found this review helpful
  •  
    jbn34435 RENTON, WA, United States 02-05-14
    jbn34435 RENTON, WA, United States 02-05-14 Member Since 2015
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    "Clear information, clear suggestions"
    What did you love best about The Price of Inequality?

    As the author states, the ideas and data are presented in ways so as to allow readers of all levels of economic understanding to enjoy and gain from this book.


    What does Paul Boehmer bring to the story that you wouldn’t experience if you just read the book?

    Paul does a fantastic job reading the book. He is quite enjoyable to listen to.


    Any additional comments?

    The author presents data, and also presents suggestions. The idea that the author wants to raise taxes to 70% is absurd. He simply states that some economists have said that mathematically that would be a realistic amount and that at that percentage, the top earners would still do fine. Contrary to what some reviews on here have said, he is not suggesting actually doing that.

    What the author does suggest is that, while the government isn't perfect (people are fallible) and corporations are not perfect (the market is entirely fallible), minor adjustments are needed in a civilized society to make sure the market behaves properly and functions for the good of more, not less people. This idea is not radicle. This idea is also not unproven.

    The key to the authors suggestions are just that, MINOR adjustments. Nothing radical at all about that. And nothing that ordinary, logical people could not agree with.

    The author shows, that if you are voting for people who pretend to care about you so they can keep more of what they earn (and trickle down to you as if more supply will equal more demand) you are doing so at great cost to yourself, your society, and your country.

    0 of 3 people found this review helpful
  •  
    L. A. Loman St. Louis, MO 10-05-12
    L. A. Loman St. Louis, MO 10-05-12

    Tony

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    "Convincing arguments"
    Would you consider the audio edition of The Price of Inequality to be better than the print version?

    I think it is easier to listen but the print or Kindle (which I have) version helps with tables, charts, and statistics provided in the text. In order to recall it later I find that it helps to read as well as hear that type of material. Also, the book contained detailed footnotes and references. By having the print version, I was able to look up reference materials and read it myself.


    What did you like best about this story?

    This is nonfiction but there is nonetheless a story line tracing the development of inequality over the 20th Century. The most important message is that inequality hurts everyone including those at the top and that a certain amount of income and wealth leveling is good for everyone.


    0 of 3 people found this review helpful
  •  
    Mark United States 09-04-12
    Mark United States 09-04-12 Member Since 2008

    Sorokahdeen

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    "This is a book that will genuinely frighten you."
    If you could sum up The Price of Inequality in three words, what would they be?

    A frightening book.


    What was the most compelling aspect of this narrative?

    Stiglitz paints a very compelling picture of American economic inequality and its consequences for America and the world. In its descriptions of area after area of the Economy, it functions as both an explanation and a warning that American Capitalism as it is practiced today is incompatible with anyone's model of fairness, reason or simple decency. His description of "rent-seeking" (the process by which companies and individuals seek forms of subsidy to make money faster and with less effort), is clear, compelling and almost painful.

    Stiglitz and Boehmer make you understand this, and once you do, you understand the fundamental problem with American economic policy and why it is that YOU as an American have bailed out the richest slice of American Economic actors (who make money by *breathing*) but not the poor people who were the victims of unscrupulous lending policies made in the name of those at the top and who are even now being evicted from homes.It is a great book that is clear and current and one that will make you angry.


    What does Paul Boehmer bring to the story that you wouldn’t experience if you just read the book?

    Paul Boehmer's vocal timbre and reading clarity make the writings of a world-class economist more easily accessible.


    Any additional comments?

    In most reviews, the usual approach is to say, "blah, this and that were good" or "blah, this and that could have been improved." With Stiglitz and Boehmer, the only thing to say is: "I recommend this and I think you should hear it."If you read it, you will understand and despise, Mitt Romney.

    1 of 8 people found this review helpful
  •  
    Peter 06-16-12
    Peter 06-16-12
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    "Great Book!"
    What made the experience of listening to The Price of Inequality the most enjoyable?

    A thorough and thoughtful analysis of the social and economic forces shaping the plight of millions. Engaging, informative and relevant.


    What do you think the narrator could have done better?

    Unfortunately, the narrator reads as if standing in front of economically ignorant highschool freshmen. How about trying to read to adults for a change!


    2 of 13 people found this review helpful
  •  
    Amazon Customer SAN CLEMENTE, CA, United States 10-22-13
    Amazon Customer SAN CLEMENTE, CA, United States 10-22-13 Member Since 2012
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    "Terrific book for anyone"
    Where does The Price of Inequality rank among all the audiobooks you’ve listened to so far?

    This is one of those rare books that is enjoyable for both individuals who have studied economics and those who have never taken an econ. class. The book is very well written—seamlessly weaving together a variety of facts and findings from various disciplines with current economic conditions at both the international and domestic level in a way that one is led inexorably to agree with Stiglitz's conclusions about the need for more equitable distribution.


    0 of 4 people found this review helpful
  •  
    John 05-30-13
    John 05-30-13
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    "Inequality Threatens Sustainability"
    Would you consider the audio edition of The Price of Inequality to be better than the print version?

    I can't yet compare it to the print version, but listening has convinced me that this is an important book to read.


    If you could give The Price of Inequality a new subtitle, what would it be?

    Why Fairness Matters


    0 of 4 people found this review helpful
  •  
    D. Johnson Raleigh NC 02-11-13
    D. Johnson Raleigh NC 02-11-13 Member Since 2010

    DJ

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    "Overwhelming case describing inequality in US"
    What made the experience of listening to The Price of Inequality the most enjoyable?

    Stiglitz presents an overwhelming (and sometimes excessive) case to describe the development of inequality in the US (and elsewhere). There is so much information that it is somewhat tiresome (or at least daunting) at times. He's probably a bit extreme in painting "corporations" or "bankers" as bad guys since sometimes the stockholders of those corporations are many, many "common" folk that either believe in the company and/or rely on the dividends paid by the company. So, not everything is done for the "fat cats" at the top -- some decisions are made because the vast proportion of stockholders "demand" it.


    What did you like best about this story?

    The description of the building inequality over decades.


    Any additional comments?

    Stiglitz paints such a dire picture that it's hard to see his suggestions being remotely implemented given the state of political discourse nowadays. Maybe he could have described some reasonable or possible smaller bites at the apple that might at least start us moving in the right direction (or slowing down our momentum of making things worse).

    0 of 4 people found this review helpful

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