The Price Of Inequality

Nobel Laureate Joseph Stiglitz explains why we are experiencing destructively high levels of inequality—and why this is not inevitable. The top 1 percent have the best houses, the best education, 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 the top 1 percent eventually learn—too late.

In this timely book, 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 these systems create, 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 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 at Columbia Business School and Chair of the Management Board and Director of Graduate Summer Programs at the Brooks World Poverty Institute, University of Manchester. He won the Nobel Prize in 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.

**Awards**
– Nobel Prize in Economics (2001)

Buy THE PRICE OF INEQUALITY – JOSEPH E STIGLITZ and more Books Online in Nairobi, Kenya at your doorstep and download our Android App or iOS App to get a discount.