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Hollowed Out David Madland

Hollowed Out By David Madland

Hollowed Out by David Madland


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Summary

For the past several decades, politicians and economists thought that high levels of inequality were good for the economy. This book explains that to have strong, sustainable growth, the economy needs to work for everyone and expand from the middle out.

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Hollowed Out Summary

Hollowed Out: Why the Economy Doesn't Work without a Strong Middle Class by David Madland

For the past several decades, politicians and economists thought that high levels of inequality were good for the economy. But because America's middle class is now so weak, the US economy suffers from the kinds of problems that plague less-developed countries. As Hollowed Out explains, to have strong, sustainable growth, the economy needs to work for everyone and expand from the middle out. This new thinking has the potential to supplant trickle-down economics the theory that was so wrong about inequality and our economy and shape economic policy making for generations.

Hollowed Out Reviews

The director of economic policy at the Center for American Progress argues that it is time to mount a political challenge to the economic theories-namely, supply-side, or trickle-down economics-that have provided cover for the unparalleled growth in inequality over the past three decades... A dramatic and clearly delineated outline of 'how the stage has been set for transformative political conflict.' Kirkus A provocative and thoughtful analysis... at the core of his position are important ideas worthy of nuanced debate and further research by all sides. -- Russell MacMullan Washington Independent Review of Books Madland doesn't pull his punches... This is perfect late-summer reading-if you've spent the summer somewhere where there's still a functioning middle class. Come back to the UK, or the more inequitable of US states, and you can read about how it could be summertime all the time. If only we stopped hollowing out. -- Danny Dorling Times Higher Education A persuasive, accessible economic argument... Hollowed Out offers serious food for thought and is highly recommended for... Economic Studies. The Midwest Book Review

About David Madland

David Madland, Ph.D., is Managing Director for Economic Policy at the Center for American Progress.

Table of Contents

Illustrations 1. Middle Out vs. Trickle Down 2. Trust 3. Good Governance 4. Stable Consumer Demand 5. Human Capital 6. Creating a Middle-Class Society Acknowledgments Notes Index

Additional information

CIN0520286529G
9780520286528
0520286529
Hollowed Out: Why the Economy Doesn't Work without a Strong Middle Class by David Madland
Used - Good
Paperback
University of California Press
20150624
272
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Hollowed Out