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Introduction xi
Prelude Showing Cracks 1 The Economic Consequences of Mr. Bush 27 Capitalist Fools 40 The Anatomy of a Murder: Who Killed America's Economy? 49 How to Get Out of the Financial Crisis 61 Part I Big Think 69 Of the 1 Percent, by the 1 Percent, for the 1 Percent 88 The 1 Percent's Problem 95 Slow Growth and Inequality Are Political Choices. We Can Choose Otherwise. 105 Inequality Goes Global 114 Inequality Is a Choice 118 Democracy in the 21st Century 123 Phony Capitalism 126 Part II Personal Reflections 133 How Dr. King Shaped My Work in Economics 138 The Myth of America's Golden Age 143 Part III Dimensions of Inequality 151 Equal Opportunity Our National Myth 159 Student Debt and the Crushing of the American Dream 164 Justice for Some 170 The One Housing Solution Left: Mass Mortgage Refinancing 174 Inequality and the American Child 178 Ebola and Inequality 182 Part IV Causes of America's Growing Inequality 185 America's Socialism for the Rich 192 A Tax System Stacked against the 99 Percent 196 Globalization Isn't Just about Profits. Its about Taxes Too. 203 Fallacies of Romney's Logic 207 Part V Consequences of Inequality 211 The Wrong Lesson from Detroit's Bankruptcy 216 In No One We Trust 223 Part VI Policy 231 How Policy Has Contributed to the Great Economic Divide 246 Why Janet Yellen, Not Larry Summers, Should Lead the Fed 250 The Insanity of Our Food Policy 256 On the Wrong Side of Globalization 263 The Free-Trade Charade 269 How Intellectual Property Reinforces Inequality 273 India's Patently Wise Decision 280 Eliminating Extreme Inequality: A Sustainable Development Goal, 2015-2030 284 The Postcrisis Crises 297 Inequality Is Not Inevitable 300 Part VII Regional Perspectives 307 The Mauritius Miracle 319 Singapore's Lessons for an Unequal America 323 Japan Should Be Alert 330 Japan Is a Model, Not a Cautionary Talc 334 China's Roadmap 342 Reforming China's State-Market Balance 346 Medellin: A Light unto Cities 350 American Delusions Down Under 354 Scottish Independence 357 Spain's Depression 360 Part VIII Putting America Back to Work 373 How to Put America Back to Work 381 Inequality Is Holding Back the Recovery 387 The Book of Jobs 393 Scarcity in an Age of Plenty 404 Turn Left for Growth 407 The Innovation Enigma 411 Afterword: Q&A: Joseph Stiglitz on the Fallacy That the Top 1 Percent Drives Innovation, and Why the Reagan 415 Administration Was America's Inequality Turning Point 417 Credits 427 Index |
Joseph E. Stiglitz
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