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Hollowed Out

Why the Economy Doesn't Work without a Strong Middle Class

David Madland

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University of California Press img Link Publisher

Sachbuch / Volkswirtschaft

Beschreibung

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 policymaking for generations.

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David Madland

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Schlagwörter

aristocracy of wealth, business, trade economics, social sciences, success, wealth, economic policy, trickle down economics, consumption, political economy, taxation, economic inequality, upward mobility, american dream, inequality, political science, disappearing middle class, class system, us economy, debt, 99 percent, economic growth, entrepreneur, one percent, nonfiction, politics, socioeconomic studies, consumers, small business, economics, middle class, economy, class structure, healthy economy, sustainable growth