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The Upside of Inequality
320 pages, 2016
Four years ago, Edward Conard wrote Unintended Consequences, a controversial bestseller that set the record straight on the financial crisis of 2008 and explained why U. S. growth was accelerating relative to other high-wage economies.
He warned that loose monetary policy would produce neither growth nor inflation, that expansionary fiscal policy would have no lasting benefit on growth in the aftermath of the crisis, and that ill-advised attempts to rein in banking based on misplaced blame would slow an already weak recovery.
Unfortunately, he was right. Now he’s back with another provocative argument: That our current obsession with income inequality is misguided and will only slow growth further.
In 'The Upside of Inequality', Edward Conard challenges the common belief that economic inequality is a bad thing. He argues that it's actually a sign of success, not failure. This book will make you see inequality in a new light.
Conard believes that risk-takers are the driving force behind economic growth. He suggests that these individuals, who are often the wealthiest, contribute significantly to society by investing in new ideas and innovations. It's a fresh perspective that's worth exploring.
The book emphasizes the importance of skills in today's economy. Conard argues that the gap between the rich and the poor is largely due to differences in skills and abilities. So, if you want to succeed, you need to focus on improving your skills.
Conard also digs into the topic of immigration. He suggests that high-skilled immigrants contribute to economic growth and help reduce inequality. It's an interesting take on the immigration debate that you might want to check out.
Lastly, the book calls for economic policy reforms. Conard believes that current policies are not conducive to economic growth and need to be changed. If you're interested in economic policy, you'll find his arguments compelling.
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Edward Conard's book is a provocative analysis of the issues of wealth, poverty, and inequality. It challenges conventional wisdom and is a must-read for anyone interested in these topics.
Larry Summers - Economist, Ex-Treasury SecretaryConard's book is a compelling argument for a new perspective on inequality. It's a thought-provoking read that will challenge your preconceptions.
Steven Levitt - Economist, AuthorThe Upside of Inequality is a well-argued and thoroughly researched exploration of the positive aspects of inequality. It's a valuable contribution to the ongoing debate about wealth and inequality in America.
Tyler Cowen - Economist, Blogger