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Title    Author    Year    Contributors
The Price of Inequality

The Price of Inequality

Author: Joseph E. Stiglitz

Year Published: 2012

Description: In The Price of Inequality:  How Today's Divided Society Endangers our Future, Nobel Prize-winning economist Joseph E. Stiglitz argues that the growing divide between the "haves" and "have nots" in America is not, as many policymakers claim, the inevitable result of market forces beyond control.  Rather, he argues, America's increasing inequality is the result of economic and political policies that favor the wealthy elite as represented by special interests and undermine democracy and thwart middle-class growth.

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'…the power of markets is enormous, but they have no inherent moral character. We have to decide how to manage them... For all these reasons, it is plain that markets must be tamed and tempered to make sure they work to the benefit of most citizens. And that has to be done repeatedly, to ensure that they continue to do so.'

The Price of Inequality

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