[PDF.24px] Falling Behind: How Rising Inequality Harms the Middle Class (Wildavsky Forum Series)
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Falling Behind: How Rising Inequality Harms the Middle Class (Wildavsky Forum Series)
Robert H. Frank
[PDF.aa11] Falling Behind: How Rising Inequality Harms the Middle Class (Wildavsky Forum Series)
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| #1237994 in Books | 2007-07-09 | Original language:English | PDF # 1 | .42 x6.78 x8.20l,.44 | File type: PDF | 160 pages||0 of 0 people found the following review helpful.| Income inequality and the tragedy of the commons|By Mal Warwick|The subject of income inequality took center stage in the public mind only in 2010 with the advent of Occupy Wall Street, but the widening gap between the top 1% and the rest of us had been the subject of fierce debate in economic circles for many years previously. Robert H. Frank made a notable — and eminent
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. In a book that explores the very meaning of happiness and prosperity in America today, 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 cos...
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