• The Price of Inequality

  • How Today's Divided Society Endangers Our Future
  • By: Joseph E. Stiglitz
  • Narrated by: Paul Boehmer
  • Length: 13 hrs and 4 mins
  • 4.2 out of 5 stars (955 ratings)

Access a growing selection of included Audible Originals, audiobooks, and podcasts.
You will get an email reminder before your trial ends.
Audible Plus auto-renews for $7.95/mo after 30 days. Upgrade or cancel anytime.
The Price of Inequality  By  cover art

The Price of Inequality

By: Joseph E. Stiglitz
Narrated by: Paul Boehmer
Try for $0.00

$7.95 a month after 30 days. Cancel anytime.

Buy for $18.05

Buy for $18.05

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

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 listeners say about The Price of Inequality

Average customer ratings
Overall
  • 4 out of 5 stars
  • 5 Stars
    478
  • 4 Stars
    272
  • 3 Stars
    132
  • 2 Stars
    42
  • 1 Stars
    31
Performance
  • 4 out of 5 stars
  • 5 Stars
    366
  • 4 Stars
    270
  • 3 Stars
    128
  • 2 Stars
    29
  • 1 Stars
    16
Story
  • 4 out of 5 stars
  • 5 Stars
    423
  • 4 Stars
    224
  • 3 Stars
    113
  • 2 Stars
    29
  • 1 Stars
    27

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    3 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    2 out of 5 stars

One side is never enough....

There is a fundamental question about inequality this book fails to address. How much inequality is the right amount? Clearly some inequality is both unavoidable and necessary for innovation. This book seems to take the position that the amount of inequality we have now is way too much, but does not propose a goal equality level. I agree that inequality is a bit high, and is getting higher as corporations and the very rich are no longer paying a fair share mostly using loopholes. Nevertheless, I find many of the author’s proposed solutions way over the crazy line. Extending unemployment payments for long periods (do you know people holding off getting a job just in case unemployment is extended again; I do), increasing federal taxes on families earning more than $270K to 70% (history shows this will not work). Stopping investments in productivity (the author phrased it as not investing in labor saving instead invest only in resource saving). Matching the savings of the poor (such policies would be played and end up counter-productive).

It seems the author thinks poor people who were “exploited” by being given homes and a mortgages for which they should never have qualified should now get their mortgages restructured into something they can afford.

The author rages against monopoly powers and do nothing exploiters like Steve Jobs. I found these arguments very poorly supported.

My favorite line was if we follow the author’s recommendations “many more people will have a shot of one day being in the 1%”. Of course, the top 1% will always be 1%. So to increase the 1% we would need to do a 15 minutes of richness kind of deal. The author also mentions education and legal reform without stating any real proposals.

I did agree with the author on a few things. I am also a strong supporter of the estate tax (I think it should be called the slutty heiress tax, not a death tax) and I strongly agree that existing tax loopholes, earmarks, and pork are out of control and related to unsustainable growth in inequality. I never like one sided books that use one side of statistics to make a point (especially when they are making a point I agree with)!

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

88 people found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    4 out of 5 stars

Dense, but important.

Yes, I agree with everything in this book. Those who are hooked on the idea of austerity and tax cuts will find it annoying and will search their hearts for ways to deny its ideas. Conformation bias is working overtime these days on both sides of the political spectrum.

It's human nature to choose winners and losers and to cheer for the winners. This is what it has come down to in our society. Unfortunately, this rather short-sighted way of approaching our world means that the winners walk away with most of the wealth.

This book is dense in places and I really need to re-rlisten when my head is not spinning with Obama vs. Romney rhetoric. Which I will do soon. But until then, suffice it to say, the ideas Stiglitz puts forth for making government an agent of economic growth are spot on, but incredibly hard to implement in this political climate. I think we need another mutual enemy now that the cold war is over and Bin Laden is dead. All we have to fight against is ourselves at the moment. And it sickens me.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

48 people found this helpful

  • Overall
    2 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    1 out of 5 stars

Hold on to your wallet!

What disappointed you about The Price of Inequality?

If you like Big Government solving all problems regardless of the cost or consequences, then you will agree with the author's thesis. I do not subscribe to his arguments and frankly his are not convincing. It's the old canard that society owes those less successful a handout becasue they are not responsible for their adversity. Whatever personal problems an individual has are not their fault. There is a collective guilt that must be atoned by spending more and only Big Government, in its infinite wisdom, knows how to do it. It glorifies "experts" over common sense. The arguments, in many cases, also twist facts or chose them selectively That in all cases our collective sympathy must triumph over reason.

What was most disappointing about Joseph E. Stiglitz’s story?

His arguments are tired and old and unconvincing. But then I don't subscribe to the belief that societies all ills must be addressed and remedied by more government whatever the cost or damage both to society or the economy it causes. He believes that more taxes (revenue) and spending (investments) are good unto themselves and neutral to the economy. He discounts individual will to strive and succeed or to overcome. A cabal of the rich, corporations and conservatives stand in the way of utopia with the federal government in the vangard.

What do you think the narrator could have done better?

Since I was not persuaded by the arguments, I was less than thrilled by the narrator's seeming enthusiasm. He reminds me of old hippie aquiantences I (still) keep in contact with who chase conspiracies, old rock bands, as well as crystal power et. al. and every new (left) fad, gadget, artifice that arrives.

What reaction did this book spark in you? Anger, sadness, disappointment?

My overall reaction was disgust. I listened and was not persuaded.

Any additional comments?

As I don't subscribe to the author's politics or economics I found listening frustrating and tedious. The book raises no new persuasive arguments. It's old wine in old bottles. However, if this it your metier, than you will probably find it re-enforcing...certainly not enlightening.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

44 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

A Book Every American Should Read

What made the experience of listening to The Price of Inequality the most enjoyable?

Although this book is full of economic facts, it's easy to understand. After listing to this offering, you will understand why the author won a Nobel Prize in economics. I highly recommend this to anyone interested in knowing more about how the inequality in our economy is hurting this country in multiple ways.

What other book might you compare The Price of Inequality to and why?

End The Depression Now!, by Paul Krugman

What does Paul Boehmer bring to the story that you wouldn???t experience if you just read the book?

Mr. Boehmer made listening to this book a pleasure!

Was there a moment in the book that particularly moved you?

I particularly found the author's concluding comments thought provoking.

Any additional comments?

If you purchase this book you will not regret your decision!

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

22 people found this helpful

  • Overall
    2 out of 5 stars
  • Performance
    1 out of 5 stars
  • Story
    2 out of 5 stars

Bad science

This is a very subjective piece that attacks Capitalism and Republicans and generally exonerates the left.There is plenty of blame to go around. The author starts with his conclusion and justifies it with selected facts. I was hoping for an objective piece and this was very disappointing.

The whiney narration emphasized the tone of the book!

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

21 people found this helpful

  • Overall
    2 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    2 out of 5 stars

An explosion of ideas with no depth

What disappointed you about The Price of Inequality?

I've gone through chapter 4 and can't continue. Everything felt like an extended introduction with idea after idea being thrown at you, but never explored in any detail. To make matters worse, he'd often circle back to the same idea later on and then continue to fail to expand on it a second or third time or fourth time.

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

Flesh out his ideas. I know he's talking to regular folk, not economists, but thats no excuse for failing to expand his ideas. Yes, I get that the 1 percent rigs the system in their favor and that one of the ways they do this is regulatory capture, but maybe you can give me more than 1 sentence about it. I learned far more from a 15 minute podcast I listeneded to last year than I have any chchance of learning from this book.

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

Gravitas. I felt like I was listening to someone important and worthy of my attention.

If you could play editor, what scene or scenes would you have cut from The Price of Inequality?

So far everything but the introduction. Chapters 1 through 4 did not add anything beyond what I heard right up front. No illumination or expansion of ideas. I have not read past that and don't intend to as it literally feals like a waste of my time.

Any additional comments?

I'd bought this book because I was hoping to hear about the complex relationship between government and the economy and a way to produce a system with more positive feedback loops that will dissuade abuses and help make our economy stronger. He's not going there. If you want to hear complaints, this is your guy. If you want to hear anything but one-line solutions, apparently he doesn't want to go there.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

18 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Wow!

Any additional comments?

Well-researched, well-written, well-read. The book covers every important area of the USA that is in the current events, every major problem of the existing democracy, every cause of the problems, and gives many good solutions.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

17 people found this helpful

  • Overall
    2 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    1 out of 5 stars

The cost of reading a poor book... disappointment

It is rare that I write a review and have never started halfway through a book... but I fear I will not finish this book and find myself so disappointed that I feel compelled to write something. Joseph Stiglitz sets up soft arguments and knocks them down. He uses statistics, historical perspective and data in an unbalanced way that weaken the usefulness of his conclusions. For those looking for a serious discussion as to the costs of inequality this is not your book, sorry.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

16 people found this helpful

  • Overall
    2 out of 5 stars
  • Performance
    2 out of 5 stars
  • Story
    2 out of 5 stars

A 2 chapter book repeated 10 times

The book is extremely repetitive in highlighting the inequality problem - without adding much value or describing in depth alternatives.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

13 people found this helpful

  • Overall
    3 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    3 out of 5 stars

Probably Better on Paper

Books like this one, presumably with charts and tables, are probably better with another medium. However, if you are going to listen to it as I did, it still does a pretty good job. Economic principles are pretty clearly explained, though if it is your first introduction to economics, you will probably want to look a few things up (moral hazard, market failures etc.), but he does't bury you in a mountain of technical language.

As Stiglitz disclaims early, this is not a work for peer review. It is for popular consumption so if you are looking for some deep explanation as to how he arrived at his claims, you'll be left wanting.

I am usually frustrated with books that prescribe solutions that we "merely lack the political will," to accomplish. It seems like activist thumb-twiddling. Every book of this type seems to have a portion like that. This one is no exception. I find the repetition of this trope frustrating.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

13 people found this helpful