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"Following a remarkable epoch of greater dispersion of wealth and opportunity, we are inexorably returning towards a more feudal era marked by greater concentration of wealth and property, reduced upward mobility, demographic stagnation, and increased dogmatism. If the last seventy years saw a massive expansion of the middle class, not only in America but in much of the developed world, today that class is declining and a new, more hierarchical society...
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First published in 1899 by American economist and sociologist Thorstein Veblen, "The Theory of the Leisure Class" is a classic and important examination of the economics of the upper classes and the impact that their habits have upon society at the end of the 19th century. In this work, Veblen, influenced by the work of Charles Darwin, Karl Marx, and Adam Smith, contends that the evolutionary development of human society is the basis for our modern...
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Cotton made the fortune of the Fuda family, Egyptian landed gentry with peasant origins, during the second part of the nineteenth century. This story, narrated and photographed by a family member who has researched and documented various aspects of her own history, goes well beyond the family photo album to become an attempt to convey how cotton, as the main catalyst and creator of wealth, produced by the beginning of the twentieth century two entirely...
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Extensively expanded and revised, with a new foreword by Thomas Frank. In the United States, happiness and wealth are often regarded as synonymous. Consumerism, greed, and the insatiable desire for more are American obsessions. In the native tradition of Twain, Veblen, and Mencken, the editor of Lapham's Quarterly here examines our fascination with the ubiquitous green goddess. Focusing on the wealthy sybarites of New York City, whom Lewis H. Lapham...
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"Winner of 2015 Gyorgy Ranki Prize, Economic History Association" "Honorable Mention for the 2015 PROSE Award in Economics, Association of American Publishers" "One of Choice's Outstanding Academic Titles for 2014" "One of Vox's "Best Books We Read in 2014"" Gregory Clark is professor of economics at the University of California, Davis.
A surprising look at how ancestry still determines social outcomes
How much of our fate is tied to the status...
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Is America a Christian Nation? According to author T. Carlos Andersen, the true religion of the land is the confluence of commerce, materialism, and consumerism. Andersen, defining religion as "ultimate concern," claims our true devotion is found in material pursuits. It's been a good religion; it has fed, clothed, sheltered, and employed millions of Americans. It can go too far, however. When these pursuits become excessive, the religion breaks bad...
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Is America a Christian Nation? According to author T. Carlos Andersen, the true religion of the land is the confluence of commerce, materialism, and consumerism. Andersen, defining religion as "ultimate concern," claims our true devotion is found in material pursuits. It's been a good religion; it has fed, clothed, sheltered, and employed millions of Americans. It can go too far, however. When these pursuits become excessive, the religion breaks bad...
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The origins of the next radical economy is rooted in a tradition that has empowered people for centuries and is now making a comeback.
A new feudalism is on the rise. While monopolistic corporations feed their spoils to the rich, more and more of us are expected to live gig to gig. But, as Nathan Schneider shows, an alternative to the robber-baron economy is hiding in plain sight; we just need to know where to look.
Cooperatives are jointly owned,...
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Christof Dejung is professor of modern history at the University of Bern. David Motadel is associate professor of international history at the London School of Economics and Political Science. Jürgen Osterhammel is professor emeritus of modern and contemporary history at the University of Konstanz.
The first global history of the middle class
While the nineteenth century has been described as the golden age of the European bourgeoisie, the emergence...
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Combining history, economics, and commonsense political wisdom, The Fight for $15 makes a deeply informed case for a national fifteen-dollars-an-hour minimum wage as the only practical solution to reversing America's decades-long slide toward becoming a low-wage nation.
Drawing both on new scholarship and on his extensive practical experiences organizing workers and grappling with inequality across the United States, David Rolf, president of SEIU...
12) Summary: Winner-Take-All Politics: Review and Analysis of Jacob S. Hacker and Paul Pierson's Book
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This complete summary of "Winner-Take-All Politics" by Jacob S. Hacker and Paul Pierson, two renowned political scholars, presents their argument that American politics are to blame for the growing inequality between Americans. In their book, the authors expose several unexpected causes of this inequality and who is to blame. By reading their research, you can discover what is really happening in society and what needs to be done to find a solution.
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The must-read summary of Raghuram G. Rajan's book: "Fault Lines: How Hidden Fractures Still Threaten the World Economy".
This complete summary of "Fault Lines" by Raghuram G. Rajan, a globally renowned economist, shows how the serious flaws in the economy were to blame for the global financial crisis. He warns readers that these fractures have not been fixed and that there is a possibility that another devastating crisis could strike if action is...
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Since 1991, nominally independent Ukraine has been in turmoil, with the Orange Revolution and the Maidan protests marking its most critical moments. Now, its borders are threatened and the civil unrest and armed conflict continue to destabilise the country. In order to understand these dramatic events, Yuliya Yurchenko looks to the country's post-Soviet past in this ambitious analysis of contemporary Ukrainian political economy.
Providing distinctive...
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How didthe banking sector grow from a supporter of business to the biggest business in the world? Financial journalist Nicholas Shaxson takes us on a terrifying journey through the world economy, exposing tax havens, monopolists, megabanks, private equity firms, Eurobond traders, lobbyists, and a menagerie of scoundrels quietly financializing our entire society, hurting both business and individuals.
Shaxson shows how we got here, telling the story...
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