Capitalism And Equality In America

This comprehensive work, along with its companion volume (see listing below), provides a thorough review of modern capitalism by some of today's most knowledgeable scholars. Contributors include: Peter L. Berger, Boston University; Samuel McCracken, Boston University; Jeffrey G. Williamson, Harvard University; Edgar K. Browning, Texas A & M University; Walter D. Connor, Boston University; Alan M. Kantrow, Harvard Business Review; Laura L. Nash, Harvard University's Center for Business and Government; Richard John Neuhaus, Rockford Institute's Center on Religion and Society; Stephen Miller, author of Special Interest Groups in American Politics; Marc F. Plattner, author of Rousseau's State of Nature; Delba Winthrop, Harvard University. Co-published with the Institute for Educational Affairs.

There is enormous inequality between the income and wealth of the richest 1 percent and all other Americans. While the top 1 percent own 42 percent of all wealth in America, the lower half on the income ladder has only 2 percent of all of the wealth. This book develops a viewpoint contrary to the prevailing conservative paradigm, setting out both reasons for this inequality and the impact of this. To explain inequality, conservative economists focus on individual characteristics such as intelligence and hard work. This book puts forward new evidence to show that changes in economic inequality are primarily due to characteristics inherent in the standard operation of capitalist institutions. Furthermore, the authors seek to explain the cycle of boom and bust by considering political and social factors often overlooked by conservative economists. This book also explores how wealth influences political policies in a way that increases economic inequality even more than its present level. Through analysis of American political and economic institutions, Inequality, Boom, and Bust presents concrete steps for an activist, progressive policy to greatly reduce inequality through free healthcare, free higher education, and reduced unemployment.

The work is provocative and ambitious and the writing is clear. --Choice "It is a topic in need of systematic analysis. . . . Joel I. Nelson understands and, in fact, has mastered the issues. . . . It will undoubtedly be a major contribution. . . . His approach is fresh and refreshing. . . . He has the appropriate conceptual tools to complete his synthesis. . . . I believe not only scholars--sociologists, economists, political scientists, and historians, would find Post-Industrial Capitalism useful but policymakers might also find it of interest. . . . The book can also be used as a text in an advanced undergraduate class and in a graduate seminar. . . . Nelson′s thesis is coherent and logically developed. . . . I imagine this book as a college text or on a desk in Washington, DC. . . . Nelson′s last book Economic Inequality was a huge success. . . . Certainly the many who relied on it in their teaching and research will welcome and use Post-Industrial Capitalism." --Lionel L. Lewis, State University of New York at Buffalo "Too often authors focus only on the positive aspects or on the downside of postindustrialism. Joel I. Nelson is proposing something that fits neatly between the two camps. . . . Nelson′s strategy of building a new explanation based on a synthesis of these older approaches is very attractive. . . . There are no other books that attempt this. . . . Post-Industrial Capitalism might also be used in an advanced undergraduate course on economic sociology or social change. . . . [It] will be also acquired by professionals in sociology, social work, political science, and economics. . . . The sequence of the topics are clear and concise. . . . Each chapter pulls together arguments that--heretofore--have been scattered across numerous books and articles (and across disciplines for that matter)." --Charles M. Tolbert II, Professor of Sociology and Rural Sociology, Louisiana State University The social and economic well-being of many Americans is increasingly at risk. Disparities in earnings and wealth are escalating, reversing a century of declining inequality. Excesses of the free market are growing-and growing more difficult to contain. Politics are increasingly conservative across the ideological spectrum, with economic competitiveness considered more important than equality and humanitarian aid. Post-Industrial Capitalism offers an alternative to the dominant and unsuccessful Marxist and industrialist views by providing a framework for explaining the widening polarization within American society. This work demonstrates a more comprehensive explanation of inequality and locates its source in the transformation of American business. It provides a fresh illustration of Schumpeter′s insistence on the ability of capitalism to develop by creatively destroying its past. It not only describes the shifts in corporate resources, illustrates their use by the corporate sector, and traces their implications for inequality across the institutional spectrum, but also demonstrates how these strategies have been used by companies to intensify competition, effect greater political control, and widen the economic gap in America. Scholars interested in the question of modernity and post-industrialization, theorists of multiple theoretical persuasions, and students interested in social stratification, inequality, and social change will find Postindustrial Capitalism to be extremely valuable.

Capitalism and Inequality rejects the popular view that attributes the recent surge in inequality to a failure of market institutions. Bringing together new and original research from established scholars, it analyzes the inequality inherent in a free market from an economic and historical perspective. In the process, the question of whether the recent increase in inequality is the result of crony capitalism and government intervention is explored in depth. The book features sections on theoretical perspectives on inequality, the political economy of inequality, and the measurement of inequality. Chapters explore several key questions such as the difference between the effects of market-driven inequality and the inequality caused by government intervention; how the inequality created by regulation affects those who are less well-off; and whether the economic growth that accompanies market-driven inequality always benefits an elite minority while leaving the vast majority behind. The main policy conclusions that emerge from this analysis depart from those that are currently popular. The authors in this book argue that increasing the role of markets and reducing the extent of regulation is the best way to lower inequality while ensuring greater material well-being for all sections of society. This key text makes an invaluable contribution to the literature on inequality and markets and is essential reading for students, scholars, and policymakers.

This book discusses pedagogical solutions that enable students to see how capitalist processes and economic inequalities intersect and shape our assumptions and behaviours. The contributors provide thoughtful reflections on the struggles and opportunities instructors face in teaching about these topics while competing against the invisibility of capitalist forces and prevalent social myths, such as “anyone who works hard can achieve”. This book will not only help instructors empower students to recognize economic injustice and its interaction with capitalist organization, but also develops and acts on transformative solutions. Through analysis of the classed dimensions of the current political, economics, and cultural climate, as well as presenting novel lesson plans and classroom activities, this book is of great value for college and university professors.

America Beyond Capitalism is a book whose time has come. Gar Alperovitz's expert diagnosis of the long-term structural crisis of the American economic and political system is accompanied by detailed, practical answers to the problems we face as a society. Unlike many books that reserve a few pages of a concluding chapter to offer generalized, tentative solutions, Alperovitz marshals years of research into emerging "new economy" strategies to present a comprehensive picture of practical bottom-up efforts currently underway in thousands of communities across the United States. All democratize wealth and empower communities, not corporations: worker-ownership, cooperatives, community land trusts, social enterprises, along with many supporting municipal, state and longer term federal strategies as well. America Beyond Capitalism is a call to arms, an eminently practical roadmap for laying foundations to change a faltering system that increasingly fails to sustain the great American values of equality, liberty and meaningful democracy.

"This seminal work . . . establishes a persuasive new paradigm."--Contemporary Sociology No book since Schooling in Capitalist America has taken on the systemic forces hard at work undermining our education system. This classic reprint is an invaluable resource for radical educators. Samuel Bowles is research professor and director of the behavioral sciences program at the Santa Fe Institute, and professor emeritus of economics at the University of Massachusetts. Herbert Gintis is an external professor at the Santa Fe Institute and emeritus professor of economics at the University of Massachusetts.