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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Microeconomics: case studies and applications 2nd edition is an essential text that supports Cengage Learnings suite of Economics titles. The text contains case studies focusing on current events in economics, a theory refresher for each section, and questions. The case studies are written specifically for students at a level they can easily relate to, and are presented in such a way that the theoretical concept being taught can be applied. They are intended as a students stepping stone to using authentic news articles.
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Macroeconomics: Principles and Practice Asia Pacific Edition with Student Resources Access for 12 Months 1st Edition
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NEW TO THE FOURTH EDITION:
* An expanded review section at the beginning of the book offers a more comprehensive guide to all of the statistical concepts needed to study econometrics
* Additional exercises provide students with even more opportunities to put theory into practice
* More Monte Carlo simulations help students use visualization to understand the math
* New final sections at the end of each chapter contain summaries and non-technical introductions to more advanced topics
An updated and expanded Companion Website contains resources for students and instructors:
* Data sets
* Gretl, a free econometrics software application
* PowerPoint-based slides with explanations
* A study guide
* Instructor manuals for the text and data sets that detail the exercises and their solutions
* PowerPoint-based slides
* A “Contact the Author” link