Falling Behind

Falling Behind
Автор книги: id книги: 1586909     Оценка: 0.0     Голосов: 0     Отзывы, комментарии: 0 3347,1 руб.     (36,15$) Читать книгу Купить и скачать книгу Купить бумажную книгу Электронная книга Жанр: Зарубежная деловая литература Правообладатель и/или издательство: Ingram Дата добавления в каталог КнигаЛит: ISBN: 9780520957435 Скачать фрагмент в формате   fb2   fb2.zip Возрастное ограничение: 0+ Оглавление Отрывок из книги

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With a timely new foreword by Robert Frank, this groundbreaking book explores the very meaning of happiness and prosperity in America today. Although middle-income families don't earn much more than they did several decades ago, they are buying bigger cars, houses, and appliances. To pay for them, they spend more than they earn and carry record levels of debt. Robert Frank explains how increased concentrations of income and wealth at the top of the economic pyramid have set off «expenditure cascades» that raise the cost of achieving many basic goals for the middle class. Writing in lively prose for a general audience, Frank employs up-to-date economic data and examples drawn from everyday life to shed light on reigning models of consumer behavior. He also suggests reforms that could mitigate the costs of inequality. <i>Falling Behind</i> compels us to rethink how and why we live our economic lives the way we do.<br>

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Robert Frank. Falling Behind

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Praise for Robert Frank’s Falling Behind

“I’ve been a skeptic. Bob Frank is persistent. He’s beginning to convince me.”

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I’ll describe a simple measure of the cost of keeping up, one that can be calculated easily with existing data. It rests on the positive link between the average price of a house and the quality of its neighborhood school. This link implies that the median family must outbid 50 percent of all parents to avoid sending its children to a school of below-average quality.

Figure B. Monthly hours of work required for the median earner to rent the median house, 1950–2010. Source: Calculated from data in figure A.

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