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Unbound
- How Inequality Constricts Our Economy and What We Can Do about It
- Narrated by: Teri Schnaubelt
- Length: 8 hrs and 33 mins
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Publisher's Summary
Do we have to choose between equality and prosperity? Many think that reducing economic inequality would require such heavy-handed interference with market forces that it would stifle economic growth. Heather Boushey insists nothing could be further from the truth. Presenting cutting-edge economics with journalistic verve, she shows how rising inequality has become a drag on growth and an impediment to a competitive United States marketplace for employers and employees alike.
Boushey argues that inequality undermines growth in three ways. It obstructs the supply of talent, ideas, and capital as wealthy families monopolize the best educational, social, and economic opportunities. It also subverts private competition and public investment. Powerful corporations muscle competitors out of business, in the process costing consumers, suppressing wages, and hobbling innovation, while governments underfund key public goods that make the American Dream possible, from schools to transportation infrastructure to information and communication technology networks. Finally, it distorts consumer demand as stagnant wages and meager workplace benefits rob ordinary people of buying power and pushes the economy toward financial instability.
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- marwalk
- 04-17-20
Computing Resources Can Target Inequality
Well done taking dry left brain data and putting meaningful right brain meat on its bones. Heather Boushey brilliantly deconstructs how market libertarians have misappropriated Adam Smith for their own ideology of selfish gain at the expense of society's rightful economic health. With facts and data the author skewers the rationale underlying the supply side snake oil that has dominated economic assumptions in recent decades—by disproving the assertions of frequently cited libertarians such as Milton Friedman and Jean-Baptiste Say, and corroborating opposing analyses by Thomas Piketty and other economists.
The answer is in the disaggregation of economic data, and in looking beyond the basically useless GDP metrics to focusing on the effects that economic events have on regular consumers. Throughout the book Boushey demonstrates how inequality affects economic outcomes—and how economic power is used to distort social and economic policies toward profits for the few, with vastly reduced industrial productivity and negligible research and development. It's not a matter of charity toward the less capable, but rather that of providing the actual producers (workers and inventors) their just due.
Methods to correct this economic distortion include reinstituting Progressive and New Deal era regulations on financial institutions and corporations. This may be done with updated approaches based on new data made possible by the increased computing power that was not available in the early and mid-20th Century. With these computing resources, economists may now objectively demonstrate the need to jettison the libertarian ideology that has been disproved by empirical data. The political changes needed that are indicated by these new data are obvious.
The COVID-19 pandemic only makes the corrective measures presented in this book all the more urgent. Let's get to it!
3 people found this helpful
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Story
Blending history and cutting-edge economic analysis, and writing in lively and jargon-free prose, Saez and Zucman dissect the deliberate choices (and sins of indecision) that have brought us to today: the gradual exemption of capital owners; the surge of a new tax avoidance industry; and the spiral of tax competition among nations. With clarity and concision, they explain how America turned away from the most progressive tax system in history to embrace policies that only serve to compound the wealth of a few.
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Smart book and tangible solutions
- By Graeme Newell on 01-02-20
By: Emmanuel Saez, and others
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The Once and Future Worker: A Vision for the Renewal of Work in America
- By: Oren Cass
- Narrated by: Tom Parks
- Length: 9 hrs and 33 mins
- Unabridged
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In this groundbreaking re-evaluation of American society, economics, and public policy, Oren Cass challenges our basic assumptions about what prosperity means and where it comes from to reveal how we lost our way. The good news is that we can still turn things around - if the nation’s proverbial elites are willing to put the American worker’s interests first. Which is more important, pristine air quality, or well-paying jobs that support families? Unfettered access to the cheapest labor in the world, or renewed investment in the employment of Americans?
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Great book. Better policy recommendations
- By PeterGibbons on 02-08-19
By: Oren Cass
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How Are You Going to Pay for That?
- Smart Answers to the Dumbest Question in Politics
- By: Ryan Cooper
- Narrated by: Ryan Cooper
- Length: 8 hrs and 22 mins
- Unabridged
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How Are You Going to Pay for That? is filled with engaging discussions and detailed strategies that policymakers and citizens alike can use to assail even the most entrenched lines of neoliberal logic and start to undo these long-held misconceptions. Equal parts economic theory, history, and political polemic, this is an essential roadmap for winning the key battles to come.
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Not horrible but not correct either
- By David on 03-20-23
By: Ryan Cooper
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The Great Reversal
- How America Gave Up on Free Markets
- By: Thomas Philippon
- Narrated by: Walter Dixon
- Length: 10 hrs and 1 min
- Unabridged
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Why are cellphone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately, he reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition.
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Eye-opening, but better as a book - a must-READ
- By Ash on 11-29-19
By: Thomas Philippon
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Fault Lines
- How Hidden Fractures Still Threaten the World's Economy
- By: Raghuram Rajan
- Narrated by: Richard Davidson
- Length: 12 hrs and 58 mins
- Unabridged
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Raghuram Rajan was one of the few economists who warned of the global financial crisis before it hit. Now, as the world struggles to recover, it's tempting to blame what happened on just a few greedy bankers who took irrational risks and left the rest of us to foot the bill. In Fault Lines, Rajan argues that serious flaws in the economy are also to blame, and warns that a potentially more devastating crisis awaits us if they aren't fixed.
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A REAL SNOOZER
- By Frank on 12-02-10
By: Raghuram Rajan
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The Age of Oversupply
- Overcoming the Greatest Challenge to the Global Economy
- By: Daniel Alpert
- Narrated by: Don Hagen
- Length: 10 hrs and 34 mins
- Unabridged
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The governments and central banks of the developed world have tried every policy tool imaginable, yet our economies remain sluggish, or worse. How did we get here, and how can we emerge from the longest downturn in recent memory? Daniel Alpert, a progressive Wall Street banker and economist, argues that we are living in the age of oversupply.
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Great book but now out of date
- By emory morsberger on 11-30-17
By: Daniel Alpert
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Good Economics for Hard Times
- Better Answers to Our Biggest Problems
- By: Abhijit V. Banerjee, Esther Duflo
- Narrated by: James Lurie
- Length: 14 hrs and 45 mins
- Unabridged
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In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.
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audio is not The best format for a book like this
- By CB on 12-08-19
By: Abhijit V. Banerjee, and others
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The Deficit Myth
- Modern Monetary Theory and the Birth of the People's Economy
- By: Stephanie Kelton
- Narrated by: Stephanie Kelton
- Length: 10 hrs and 52 mins
- Unabridged
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Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country.
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Good core idea, ruined by polemics
- By Amaze on 06-25-20
By: Stephanie Kelton
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The Vanishing Middle Class
- Prejudice and Power in a Dual Economy
- By: Peter Temin
- Narrated by: Stephen R. Thorne
- Length: 7 hrs and 21 mins
- Unabridged
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The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America.
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Liberal Racism at its best and put on full display
- By ramcdowra on 02-18-21
By: Peter Temin
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The Captured Economy
- How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality
- By: Brink Lindsey, Steven M. Teles
- Narrated by: Shawn Compton
- Length: 6 hrs and 26 mins
- Unabridged
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For years, America has been plagued by slow economic growth and increasing inequality. In The Captured Economy, Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit.
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Interesting thesis, mediocre narrator
- By Peter Schrier on 06-16-21
By: Brink Lindsey, and others
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Aftershock
- The Next Economy and America’s Future
- By: Robert B. Reich
- Narrated by: Robert Reich
- Length: 4 hrs and 30 mins
- Unabridged
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The author of 12 acclaimed books, Robert B. Reich is a Chancellor’s Professor of Public Policy at the University of California, Berkeley, and has served in three national administrations. While many blamed Wall Street for the financial meltdown, Aftershock points a finger at a national economy in which wealth is increasingly concentrated at the top - and where a grasping middle class simply does not have the resources to remain viable.
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Very plausible assessment of our economy
- By CAR TOP CAMPER on 10-06-10
By: Robert B. Reich
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The Great Stagnation
- How America Ate All the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better
- By: Tyler Cowen
- Narrated by: Paul Boehmer
- Length: 2 hrs and 13 mins
- Unabridged
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America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, median wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess?
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A nice fast thought-provoking walk-through
- By Philo on 07-15-13
By: Tyler Cowen