- Paperback: 280 pages
- Publisher: Gibson Square Books Ltd; Paperback edition (23 Feb. 2012)
- Language: English
- ISBN-10: 1908096292
- ISBN-13: 978-1908096296
- Product Dimensions: 12.9 x 2 x 19.8 cm
- Average Customer Review: 4.7 out of 5 stars See all reviews (27 customer reviews)
- Amazon Bestsellers Rank: 350,330 in Books (See Top 100 in Books)
The Cost of Inequality Paperback – 23 Feb 2012
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More About the Author
'A great book - read it!' Richard Wilkinson, co-author of The Spirit Level --1
'Compelling... urgent.' --Times Higher Education Supplement
'Seminal.' Neal Lawson, --Guardian Comment
About the Author
Stewart Lansley is a research fellow at the University of Bristol. He is the author of Poor Britain (with Joanna Mack), Rich Britain and a biography of Philip Green. He has written on wealth and poverty for academic and specialist journals as well as the Guardian, Independent and Sunday Times, and has held previous academic posts at the Universities of Reading and Brunel. He lives in London.
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Top Customer Reviews
The strength of his book is that it takes a new angle, namely, that inequality stops a free enterprise system from working properly. His target is workability, not morality. He then shows that it isn't new. The same arguments were being made years ago, and it was only when they were heeded that the recovery from previous great depressions began. Lansley doesn't rely on rhetoric, however: he presents plenty of cogently-argued evidence that the same conditions which produced the Great Depression of the 1930s were also visible in the 2000s. What's more, many people saw it and warned what was to come. The politicians put their hands over their ears and refused to listen, like an over-excited child who's been told it's bedtime.
The fact is that if too much wealth is held by the super-rich, they don't do anything productive with it. No one can spend that much on consumables, so they spend it on pushing up the value of van Goghs and on financial speculation. That accumulates even more money, but it doesn't produce anything. The squeeze is on the rest of us. This argument is very similar to that of the Patriotic Millionaires in the USA, who argue that they should be taxed more in order to leave less well-off people more free cash. What creates jobs and new businesses is ordinary people having money to spend. That's what creates demand, and without demand there can be no growth. It remains to be seen whether "quantitative easing" will make any difference, but my hunch is it won't, because the money goes where the money already is, not into demand.
Sounds simple? It is. Everyone should read this book.
As someone curious, but almost totally ignorant of the factors involved, it has given me real understanding of the current global economic crisis.
Credible measures to try to tackle the crisis are suggested.
A compusory read for all thinking people.
Most Recent Customer Reviews
I'm reading this wonderful book now. It has a huge information and it is becoming world's problems more understandable for me which we are witnessing today. Read morePublished 5 months ago by Ayse Coskun
I found this book to be fairly easy reading, requiring little prior knowledge. The first half of the book provides a useful account of the changes in prevailing economic thought... Read morePublished 12 months ago by Tim
If you want to know what has happened to our society then this A book everybody should read to be informed of what has happened in the last 60 years of economic development, for us... Read morePublished 13 months ago by pietbergy
Item arrived on time and in an excellent condition. I am pleased with the service of this Seller and I will use again in the future. Many Thanks !Published 13 months ago by Nabs54
1% of the global population have more money then the rest of us put together not for any other reason than greed this is a must read for anyone interested in sociology.Published 22 months ago by dawn edgenton
Well argued case for ending the disparaging gap between rich and poor, not on the political grounds of socialistic ideology, but from a capitalistic point of view. Read morePublished on 14 April 2013 by Amazon Customer
For the reader who wants some perspective on the growth of inequality in the UK---and in particular, how inequality affects Britain's growth prospects---this is an excellent book. Read morePublished on 26 Mar. 2013 by gwi
This is a very clear explanation of the reasons for the financial crisis, and it has made a number of factors that played a part and their underlying significance clear to me. Read morePublished on 20 Mar. 2013 by Ellen