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The vanishing middle class : prejudice and power in a dual economy

Author: Peter Temin
Publisher: Cambridge, Massachusetts : The MIT Press, [2017]
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"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  Read more...
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Document Type: Book
All Authors / Contributors: Peter Temin
ISBN: 9780262036160 0262036169 9780262535298 0262535297
OCLC Number: 958796565
Awards: Winner of A Financial Times Best Book of 2017 2017
Winner of 2018 PROSE Award Winner, Economics 2017
Description: xvii, 234 pages : illustrations ; 23 cm
Contents: Introduction --
A dual economy --
The FTE sector --
The low-wage sector --
Transition --
Race and gender --
The investment theory of politics --
Preferences of the very rich --
Concepts of government --
Mass incarceration --
Public education --
American cities --
Personal debts --
Conclusions and comparisons --
Conclusions.
Responsibility: Peter Temin.

Abstract:

Why the United States has developed an economy divided between rich and poor and how racism helped bring this about.  Read more...

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There are a great many books to be read on the problem of growing inequality and the attendant social, political and economic issues that both cause it and result from it. If you had to read only one Read more...

 
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