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Joseph Staglitz The Price Of Wealth Summary

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Joseph Staglitz The Price Of Wealth Summary
Joseph E. Stiglitz’s won the Noble Prize for economics in 2001. He is an active member of the 21st Century Council for Berggruen Institute. He wrote a book The Price of Inequity. Stiglitz presents the claim that America's economic inequality has a lifestyle effect on both the rich and the poor. He states that "people outside the top 1 percent increasingly live beyond their means" (750). He refers to this notion as "trickle-down behaviorism" (750).
One percent of the U.S. population brings home just about a fourth of all country’s salary in any given year and controls forty percent of the nation’s riches. On the off chance that you have confidence in “stream down financial aspects” this doesn’t make a difference. Most Americans are more
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