The Captured Economy: How the Powerful Become Richer, Slow Down Growth, and Increase Inequality
| Author | : | |
| Rating | : | 4.63 (594 Votes) |
| Asin | : | 019062776X |
| Format Type | : | paperback |
| Number of Pages | : | 232 Pages |
| Publish Date | : | 2017-12-23 |
| Language | : | English |
DESCRIPTION:
Economists have long taught that there is a tradeoff between efficiency and equity -- that is, between making a bigger pie and dividing it more fairly. When the state assumes this role, the tradeoff between equity and efficiency no longer holds.Over the past 40 years or so, important new regulatory barriers have shielded the powerful and privileged from the rigors of competition, thereby inflating their incomes -- sometimes to an extravagant degree. Lindsey and Teles are realistic about the chances for reform, but they offer a set of promising strategies to improve democratic deliberation and open pathways for meaningful policy change. This idea is what makes our current predicament so puzzling: today we are faced with both a stagnating economy and sky-high inequality. A powerful and original interpretation of the forces driving inequality and stagnation, The Captured Economy will be necessary reading for anyone concerned about America's mounting economic problems and the social tensions they are sparking.. Freeing the economy from regressive regulatory capture will be difficult. Lindsey and T
Teles is an Associate Professor of Political Science at Johns Hopkins University. About the AuthorBrink Lindsey is Vice President of The Cato Institute, and author of The Age of Abundance and Human Capitalism.Steven M. He is the author of The Rise of the Conservative Legal Movement, and co-author of Prison Break.
He is the author of The Rise of the Conservative Legal Movement, and co-author of Prison Break.. Teles is an Associate Professor of Political Science at Johns Hopkins University. Brink Lindsey is Vice President of The Cato Institute, and author of The Age of Abundance and Human Capitalism.Steven M