by Jacob S Hacker and Paul Pierson
Winner-Take-All Politics: How Washington Made the Rich Richer and Turned its Back on the Middle Class, by Paul Pierson and Jacob Hacker identifies the real culprit behind one of the great economic crimes of our time—the growing inequality of incomes and how the US political system has allowed this to happen.
Recommendations from our site
“This book is about rising inequality and it traces back to fundamental causes. I like books that get back to ultimate causes and that think like social scientists about these causes. The question is, ‘Why is inequality getting worse in so many different countries?’ This book particularly focuses on the US. There are a number of traditional answers, but the most prominent among them is this idea that in a modern economy there is a skill bias in technical change. Our computers and communications have led to a winner-take-all society, where only the really smart can make money.” Read more...
The best books on Capitalism and Human Nature
Robert J Shiller, Economist
“It’s had a huge impact among people who are inclined to read and talk about books. I’m not sure how far that goes in Washington. Unfortunately, one of the problems with becoming a powerful politician is that you don’t really have time to read anything. But its importance is definitely not just an idiosyncratic inclination of mine. Everyone has been reading it. Everyone has been writing and talking about it. I should also point out that Jacob Hacker was one of the major intellectual movers behind what became the healthcare reform law, the signature achievement of the Obama era.” Read more...
Influences of a Progressive Blogger
Matthew Yglesias, Political Commentator