The Vanishing Middle Class New Epilogue
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| Author | : Peter Temin |
| Publisher | : MIT Press |
| Total Pages | : 288 |
| Release | : 2018-03-09 |
| Genre | : Business & Economics |
| ISBN | : 0262535297 |
Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. 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, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.
| Author | : John Edwards |
| Publisher | : The New Press |
| Total Pages | : 409 |
| Release | : 2009-06-09 |
| Genre | : Social Science |
| ISBN | : 1595587322 |
An “engrossing collection of rigorously researched articles” from Elizabeth Warren, Jared Bernstein, William Julius Wilson, and more (Publishers Weekly). Can the wealthiest nation in the world do anything to combat the steadily rising numbers of Americans living in poverty—or the tens of millions of Americans living in “near poverty”? In this book, some of the country’s most prominent scholars, businesspeople, and community activists answer with a resounding yes. Published in conjunction with one of the country’s leading anti-poverty centers, Ending Poverty in America brings together respected social scientists, journalists, neighborhood organizers, and business leaders—both liberal and conservative—to tackle hot-button issues such as job creation, schools, housing, and family-friendly social policy, offering a template for a renewed public debate and a genuine effort to confront this urgent issue that undermines the long-term security of our nation. Contributors include: Jared Bernstein, Anita Brown-Graham, Carol Mendez Cassell, Richard Freeman, Angela Glover-Blackwell, Jacob Hacker, Harry Holzer, Jack F. Kemp, Ronald Mincy, Katherine S. Newman, Melvin L. Oliver, Dennis Orthner, David K. Shipler, Beth Shulman, Michael A. Stegman, Elizabeth Warren, William Julius Wilson.
| Author | : Peter Temin |
| Publisher | : Princeton University Press |
| Total Pages | : 318 |
| Release | : 2013 |
| Genre | : Business & Economics |
| ISBN | : 069114768X |
The quality of life for ordinary Roman citizens at the height of the Roman Empire probably was better than that of any other large group of people living before the Industrial Revolution. The Roman Market Economy uses the tools of modern economics to show how trade, markets, and the Pax Romana were critical to ancient Rome's prosperity.Peter Temin, one of the world's foremost economic historians, argues that markets dominated the Roman economy. He traces how the Pax Romana encouraged trade around the Mediterranean, and how Roman law promoted commerce and banking. Temin shows that a reasonably vibrant market for wheat extended throughout the empire, and suggests that the Antonine Plague may have been responsible for turning the stable prices of the early empire into the persistent inflation of the late. He vividly describes how various markets operated in Roman times, from commodities and slaves to the buying and selling of land. Applying modern methods for evaluating economic growth to data culled from historical sources, Temin argues that Roman Italy in the second century was as prosperous as the Dutch Republic in its golden age of the seventeenth century.The Roman Market Economy reveals how economics can help us understand how the Roman Empire could have ruled seventy million people and endured for centuries.
| Author | : David Stebenne |
| Publisher | : Simon and Schuster |
| Total Pages | : 336 |
| Release | : 2021-07-20 |
| Genre | : History |
| ISBN | : 1982102713 |
"Explains how the American middle class ballooned at mid-century until it dominated the nation, showing who benefited and what brought the expansion to an end"--
| Author | : Joan Axelrod-Contrada |
| Publisher | : Marshall Cavendish |
| Total Pages | : 132 |
| Release | : 2010 |
| Genre | : Juvenile Nonfiction |
| ISBN | : 9780761445456 |
Explores the issue of poverty and the poor in the United States.
| Author | : John Komlos |
| Publisher | : Routledge |
| Total Pages | : 452 |
| Release | : 2019-01-11 |
| Genre | : Business & Economics |
| ISBN | : 1351584707 |
The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP.
| Author | : Larry Kirsch |
| Publisher | : Bloomsbury Publishing USA |
| Total Pages | : 252 |
| Release | : 2013-05-09 |
| Genre | : Business & Economics |
| ISBN | : 1440829527 |
This provocative and accessible narrative recounts the inside story of how a broad-based people's campaign was mobilized and subsequently succeeded in pushing Congress to create a consumer financial regulator with clout. What would Congress do—if anything—to tame Wall Street and the nation's lenders following the financial meltdown of 2008? This book tells the true story of how an alliance of consumer, civil rights, labor, fair lending, and other progressive groups emerged to effectively challenge Wall Street and its official protectors and to win substantial new legislative reforms—actions that resulted in the Dodd-Frank Act and its path-breaking Consumer Financial Protection Bureau (CFPB). Based largely on in-depth interviews with the leading activists involved in the campaign, Financial Justice: The People's Campaign to Stop Lender Abuse taps into the world of contemporary citizen movements to present evidence into the conditions that determine the success and failure of social movement campaigns. It goes well beyond general, global variables, such as "effective management," to show how the formal and informal rules adopted by a campaign can serve to preclude fragmentation and incoherence.
| Author | : Catherine Tumber |
| Publisher | : MIT Press |
| Total Pages | : 253 |
| Release | : 2013-09-13 |
| Genre | : Science |
| ISBN | : 0262525313 |
How small-to-midsize Rust Belt cities can play a crucial role in a low-carbon, sustainable, and relocalized future. America's once-vibrant small-to-midsize cities—Syracuse, Worcester, Akron, Flint, Rockford, and others—increasingly resemble urban wastelands. Gutted by deindustrialization, outsourcing, and middle-class flight, disproportionately devastated by metro freeway systems that laid waste to the urban fabric and displaced the working poor, small industrial cities seem to be part of America's past, not its future. And yet, Catherine Tumber argues in this provocative book, America's gritty Rust Belt cities could play a central role in a greener, low-carbon, relocalized future. As we wean ourselves from fossil fuels and realize the environmental costs of suburban sprawl, we will see that small cities offer many assets for sustainable living not shared by their big city or small town counterparts, including population density and nearby, fertile farmland available for new environmentally friendly uses. Tumber traveled to twenty-five cities in the Northeast and Midwest—from Buffalo to Peoria to Detroit to Rochester—interviewing planners, city officials, and activists, and weaving their stories into this exploration of small-scale urbanism. Smaller cities can be a critical part of a sustainable future and a productive green economy. Small, Gritty, and Green will help us develop the moral and political imagination we need to realize this.
| Author | : Matt Carmichael |
| Publisher | : Palgrave Macmillan |
| Total Pages | : 236 |
| Release | : 2013-11-12 |
| Genre | : Business & Economics |
| ISBN | : 1137401249 |
Author Matt Carmichael has been tracking demographic shifts for years, and provides a data-rich look at the changing American consumer. This book follows ten families in ten representative counties to examine their lives and how the decisions they make impact consumer behavior. This is not just a data book, because in the end each of those numbers—in datasets big and small—is a person. As you read those stories, the trends come to life and give you a greater understanding of how to reach your target—whether it’s a baby boomer farmer in Teton, Montana or a set of working parents in one of the most affluent counties in the US. Carmichael focuses on the top ten trends that are reshaping the consumer landscape and impacting buying behavior and the economic outlook of the world’s most important market. For each trend he provides ethnographic research from the families, stats from the leading consumer data sources, and exclusive interviews and examples from marketers, agencies, and media executives. These trends show how America is aging, growing more diverse ethnically, and becoming more polarized economically. Buyographics is a smart, engaging read that will be important for every marketer to consider before creating a successful campaign.
| Author | : Bob Sullivan |
| Publisher | : McFarland |
| Total Pages | : 194 |
| Release | : 2021-09-13 |
| Genre | : History |
| ISBN | : 1476685886 |
The current literature on consumerism is diverse, scattered, and unsystematic. This book remedies this by identifying the beginning of mass consumer society in the United States, starting with the New Deal. The New Deal framework of guaranteeing new home purchases by means of low down-payment, fixed-rate home mortgages lasted until the 1970s, at which time the legal framework unraveled due to a sustained attack on New Deal racism. Despite this, American consumerism continued and even flourished without a regulatory structure. This book analyzes seven key pieces of federal legislation which undergird American consumer society to this day.
