Human Capitalism: How Economic Growth Has Made Us Smarter--and More Unequal
| Author | : | |
| Rating | : | 4.84 (832 Votes) |
| Asin | : | 0691157324 |
| Format Type | : | paperback |
| Number of Pages | : | 144 Pages |
| Publish Date | : | 2014-06-02 |
| Language | : | English |
DESCRIPTION:
Herbert Gintis said Solid, Thoughtful, Well Written. We live in an age where most passionate political activists have limited vision, the right being passionate about the horrors of government income redistribution and need to avoid budget deficits, and the left being passionately alarmed about increasing income inequality favoring the ultra-rich, and the need to counter the austerity policies that protect the big banks against losses brought about by their reckless lending practices. I must admit that I am not much concerned with either of these threats, but rather with the growing cultural rift between the intelligent, motivated, a. John V said Thoughtful analysis. The widening income gap among American families is real. This book provides a lucid account of this trend and the reasons behind it. Importantly, it does so without the polemics associated with most commentaries on this delicate subject. It concludes with sensible policy recommendations that will appeal to bleeding heart libertarians.. Refreshing short winded overview of some difficult trends. Danioton Towards the end the author brings up the festering ballooning of student loans, that we are putting more money in and getting less return. Default rates are soaring and higher education becoming bloated and quality dropping. The solution is politically difficult in this age when meritocracy is inconvenient. Equity participation or educating the student borrowers about the schools etc won't have any impact, none. Once the government made easy credit available it was inevitable that the schools would shift from educating to maximizing their revenue stream and profits. And they do thi
Brink Lindsey is a senior fellow at the Cato Institute and a consultant for the Ewing Marion Kauffman Foundation. . He is the author of "The Age of Abundance: How Prosperity Transformed America's Politics and Culture" (Collins) and "Against the Dead Hand: The Uncertain Struggle for Global Capitalism" (Wiley)
What explains the growing class divide between the well educated and everybody else? Noted author Brink Lindsey, a senior scholar at the Kauffman Foundation, argues that it's because economic expansion is creating an increasingly complex world in which only a minority with the right knowledge and skills--the right "human capital"--reap the majority of the economic rewards. As the economy makes ever-greater demands on their minds, the successful are making ever-greater investments in education and other ways of increasing their human capital, expanding their cognitive skills and leading them to still higher levels of success. But unfortunately, even as the rich are securely riding this virtuous cycle, the poor are trapped in a vicious one, as a lack of human capital leads to family breakdown, unemployment, dysfunction, and further erosion of knowledge and skills. In this brief, clear, and forthright eBook original, Lindsey shows how economic growth is creating unprecedented levels of human capital--and suggests how the huge
Lindsey's emphasis on complexity and networks very appealing."--Economist's Free Exchange blog"Think about the mind-boggling number of e-mails, phone calls, and text messages that Americans send each other every day, and you'll realize that our lives have become more complex and interconnected than ever before. While Lindsey acknowledges a serious problem, he also makes a convincing case that the government's approach to fixing it should be guided by essentially capitalist principles."--Yevgeniy Feyman, City Journal"Brief, clear and forthright."--World Book Industry"Lindey's recommendations for policy reforms are excellent."--Charles Murray, Claremont Review of Books"Lindsey argues the case that economic inequality is more deeply intertwined with human capital accumulation and the process of economic growth than you thought."--Jeremy Lacker, Bloombe