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Falling Behind: How Rising Inequality Harms the Middle Class (Wildavsky Forum Series) by [Frank, Robert]
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Falling Behind: How Rising Inequality Harms the Middle Class (Wildavsky Forum Series) Kindle Edition

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Length: 178 pages Word Wise: Enabled Enhanced Typesetting: Enabled
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Editorial Reviews

From Booklist

Economist Frank argues that rising economic inequality harms the middle class, and he uses familiar examples to teach us about consumer behavior. One interesting example is the buying of larger and larger houses by those at the top levels of income and wealth, which leads families in the middle to spend a greater percentage of income on housing in order to send their children to a school of average quality. They must then spend less on other important categories while their real purchasing power over decades stagnates. We learn about the role of technology in shaking out industries where a few become big winners and the rest hardly make it, explaining why foreign competition isn't always the reason. Frank's recommendation in favor of a progressive consumption tax is certain to draw controversy. This is an excellent book, written in an easy, understandable manner, alive with important examples of how our society spends its money and who are the winners and losers. Whaley, Mary

From the Inside Flap

"I've been a skeptic. Bob Frank is persistent. He's beginning to convince me."—Thomas C. Schelling, author of The Strategy of Conflict

"The arguments here are powerful and multidisciplinary. The crux is explaining how rising economic inequality causes harm to the middle class. It also offers a policy reform—a progressive consumption tax—that serves to mitigate this harm. This is a gem of a book."—Lee S. Friedman, Professor of Public Policy, University of California at Berkeley

"In this lively provocative book filled with memorable new examples, Bob Frank goes beyond his previous work (Luxury Fever, Winner-Take-All Society, and Choosing the Right Pond) and clarifies that 'falling behind' is a consequence not of envy but rather of the simple fact that a person's evaluation of his own possessions 'depends always and everywhere on context'—an unconscious comparison with his neighbor's possessions or with his own previous possessions. His illuminating interchange with prominent discussants is a unique contribution of this book."—Laurence Seidman, Chaplin Tyler Professor of Economics, University of Delaware

"You may think that you understand what's in Bob Frank's earlier books, Choosing the Right Pond and Luxury Fever. You may even have read them. Nevertheless, if you pay even passing attention to the big economic policy questions, you should still read his latest contribution, Falling Behind. In this century, distributional concerns will top the policy agenda. This masterful essay will change how you think about them."—Paul Romer, Stanford University

"The most influential ideas often turn out to be those that seem obvious—once someone has had the wit to point them out. Robert Frank's ideas in Falling Behind meet this test. In this short, lucid set of essays he explains exactly how and why an unequal society leaves almost all its members worse-off, including most of those who objectively are doing 'better.' This is a very important application of economic logic to modern America's main domestic problem."—James Fallows, National Correspondent, The Atlantic Monthly

"Robert Frank escapes the fog of economics wars by illuminating the meaning of facts on the ground, not numerical theories in the sky. He sketches a theory of human economic nature and links it responsibly to the rickety choices of policy-makers who have no such theory or, worse, a truly faulty one."—Lionel Tiger, Rutgers University

"Robert Frank is the rare sort of economist whose work disconcerts economists and delights the rest of us. This is not mainly because he mischievously highlights the blind spots of his learned profession, but because his insights reveal fundamental, unnoticed, and yet very important truths about the society in which we live. As inequality has grown in America over the last three decades, Frank shows in this fluent and powerful little book, we have all been led by human nature to act in ways that are bad for virtually everyone. Frank's ideas should play an important and innovative role in the gathering debate about inequality in America."—Robert D. Putnam, Harvard University

Product details

  • File Size: 11269 KB
  • Print Length: 178 pages
  • Publisher: University of California Press; 1 edition (September 14, 2013)
  • Publication Date: September 14, 2013
  • Sold by: Amazon Digital Services LLC
  • Language: English
  • ASIN: B00F0DLVSC
  • Text-to-Speech: Enabled
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  • Word Wise: Enabled
  • Lending: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #1,068,841 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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