Deaths of despair and the future of capitalism
(2020)

Nonfiction

Book

Call Numbers:
306.342/CASE,A

Availability

Locations Call Number Status
Adult Nonfiction 306.342/CASE,A Available

Details

PUBLISHED
Princeton : Princeton University Press, [2020]
DESCRIPTION

x, 312 pages : illustrations (black and white), maps (black and white) ; 24 cm

ISBN/ISSN
9780691190785, 069119078X :, 069119078X, 9780691190785
LANGUAGE
English
NOTES

"This book documents the decline of white-working class lives over the last half-century and examines the social and economic forces that have slowly made these lives more difficult. Case and Deaton argue that market and political power in the United States have moved away from labor towards capital-as unions have weakened and politics have become more favorable to business, corporations have become more powerful. Consolidation in some American industries, healthcare especially, has brought an increase in monopoly power in some product markets so that it is possible for firms to raise prices above what they would be in a freely competitive market. This, the authors argue, is a major cause of wage stagnation among working-class Americans and has played a substantial role in the increase in deaths of despair. Case and Deaton offer a way forward, including ideas that, even in our current political situation, may be feasible and improve lives"--

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