Language : English
Published : 2018-03-09
Pages : 288
The Vanishing Middle Class: Prejudice and Power in a Dual Economy
Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country — substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other — black, Latino, not like “us.” Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.
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This updated edition of Understanding Economics for NCEA Level One has new content and tasks specifically for the external standards. Content has been designed for the key skills and competencies are set out in the curriculum.
Clarity and cutting-edge examples have made Statistics for Business and Economics the definitive textbook for students across the UK, Europe, Middle East and Africa. This new edition builds on the text’s well-respected foundations to deliver a clear, up-to-date and comprehensive revision. All the key concepts, combined with the latest technologies and applications, are introduced with hallmark precision, making this your complete introduction to business statistics.
This book has a number of pedagogical features that offer the most current and widespread coverage of Malaysian economy. It is written to meet the increasing demand from undergraduate and graduate students to understand the developments in the Malaysian economy over the last 15 years. It provides a detailed exploration of Malaysia’s Macroeconomic structure and also the economic issues of concern to policymakers, academics and industry experts that have changed significantly.
Table of Contents
- Chapter 1. Overview of Malaysian Economy
- Chapter 2. Macroeconomic Policies
- Chapter 3. From Tin to Petroleum
- Chapter 4. Development of Agriculture
- Chapter 5. Industrial Policy and Industralization
- Chapter 6. Innovation and Technological Progress
- Chapter 7. Education and Human Capital Formation
- Chapter 8. Trade and Environment
- Chapter 9. Poverty and Income Distribution
- Chapter 10. Affirmative Action and Ethnic Inequality
- Chapter 11. Privatization of Infrastructure Services in Malaysia
About the Author
Jeffrey M. Wooldridge is a University Distinguished Professor of Economics at Michigan State University, where he has taught since 1991. From 1986 to 1991, he served as Assistant Professor of Economics at the Massachusetts Institute of Technology. Dr. Wooldridge has published more than three dozen articles in internationally recognized journals, as well as several book chapters. He is also the author of ECONOMETRIC ANALYSIS OF CROSS SECTION AND PANEL DATA. His work has earned numerous awards, including the Alfred P. Sloan Research Fellowship, the Multa Scripsit award from Econometric Theory, the Sir Richard Stone prize from the Journal of Applied Econometrics, and three graduate teacher-of-the-year awards from MIT. A fellow of the Econometric Society and of the Journal of Econometrics, Dr. Wooldridge has been editor of the Journal of Business and Economic Statistics and econometrics co-editor of Economics Letters. He has also served on the editorial boards of the Journal of Econometrics and the Review of Economics and Statistics. Dr. Wooldridge received his B.A. with majors in computer science and economics from the University of California, Berkeley, and received his Ph.D. in economics from the University of California, San Diego.