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008			141015s2015 caua b 001 0 eng c
010			_a 2014040833
020			_a9780520286528
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040			_aCU-S/DLC _beng _erda _cKE-NaKCAU
042			_apcc
050	0	0	_aHT690.U6 _bM33 2015
082	0	0	_a305.5/50973 _223
100	1		_aMadland, David,
245	1	0	_aHollowed out : _bwhy the economy doesn't work without a strong middle class / _cDavid Madland.
246	1		_aWhy the economy doesn't work without a strong middle class
260			_aOakland,California : _bUniversity of California Press, _c2015.
300			_aix, 257 pages : _billustrations ; _c21 cm
504			_aIncludes bibliographical references (pages 171-249) and index.
520			_a"For the past several decades, politicians and economists have thought that high levels of inequality were good for the economy. But an economy that works only for the rich simply doesn't work. Because the middle class is so weak, America's economy now suffers from the kinds of problems that plague less-developed countries. Privileged elites more frequently secure special treatment from a government that wastes money and stifles competition. Children's opportunities are excessively determined by the wealth of their parents. Societal distrust has increased, making business transactions needlessly difficult. Consumer demand has weakened and become unstable, which has helped fuel the Great Recession and has made the recovery painfully slow. As Hollowed Out explains, to have strong and sustainable growth, the economy needs to work for everyone and grow from the middle out. This new middle-out theory aims to supplant trickle-down economics--the theory that was so wrong about inequality and our economy and did so much damage to our nation. This new thinking has the potential to shape economic policymaking for generations."--Provided by publisher.
650		0	_aMiddle class _zUnited States _xEconomic conditions _y21st century.
650		0	_aMiddle class _zUnited States _xEconomic policy _y21st century.
650		0	_aConsumption (Economics) _zUnited States _y21st century.
651		0	_aUnited States _xEconomic policy _y21st century.
651		0	_aUnited States _xEconomic conditions _y21st century.
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