A century of wealth in America

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Publisher:
The Belknap Press of Harvard University Press,
Pub. Date:
2017.
Language:
English
Description
Understanding wealth—who has it, how they acquired it, how they preserve it—is crucial to addressing challenges facing the United States. Edward Wolff’s account of patterns in the accumulation and distribution of U.S. wealth since 1900 provides a sober bedrock of facts and analysis. It will become an indispensable resource for future public debate.
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ISBN:
9780674495142
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Grouped Work ID 3400967c-58f7-07d6-f50b-7f403b4a5281
full_title century of wealth in america
author wolff edward n
grouping_category book
lastUpdate 2017-11-14 17:13:34PM

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accelerated_reader_interest_level
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
author Wolff, Edward N.,
author_display Wolff, Edward N
collection_arlington New Nonfiction
detailed_location_arlington Central New Nonfiction
display_description Edward Wolff, one of the country's leading experts on household wealth, here provides a comprehensive study of wealth in America since 1910. The century brought shifting patterns in the ownership of wealth; Wolff explains the changes, offers ideas about how to reduce inequality, and explores issues in how to measure wealth in the first place. A Century of Wealth in America is not designed to advance one overarching argument; rather, its aim is to provide in one place the accurate information needed to consider many arguments. Still, Wolff presents no fewer than ten major findings in its pages. One of these is that median household wealth has recently returned to the levels of 1969. Another is that the average wealth of black families relative to white families has slipped significantly in recent years, after thirty years of stability. A third finding: the US has changed since 1950 from being one of the most equal countries in the developed world to being one of the most class-ridden. For many readers the book will serve as a complement to Thomas Piketty's Capital in the 21st Century. But while it reinforces Piketty's argument in many ways, it concentrates on wealth (as opposed to income), for example, and says much more about the poor. Wolff's ideas are also different than Piketty's on issues of inheritance (he's less worried about it) and the relationship between r (the rate of return to capital) and g (the overall rate of economic growth). He argues that inequality rises if r for the top one percent is greater than r for the middle class. Finally, thanks to its focus on America, the book provides much more fine-grained detail about the country, not least about the demographics of wealth and poverty.--
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item_details ils:.b19907072|.i2149048x|Central New Nonfiction|339.20973 WOLFF|||1|false|false|||||Due Nov 29, 2017|Oct 28, 2017|cann||
itype_arlington Hardback
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literary_form Non Fiction
literary_form_full Non Fiction
local_callnumber_arlington 339.20973 WOLFF
local_time_since_added_arlington 2 Months, Quarter, Six Months, Year
owning_library_arlington Arlington Public Library, Aurora Hills, Central, Cherrydale, Columbia Pike, Connection Crystal City, Detention Center, Glencarlyn, Local History, Plaza, Shirlington, Westover
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primary_isbn 9780674495142
publishDate 2017
record_details ils:.b19907072|Book|Books||English|The Belknap Press of Harvard University Press,|2017.|xv, 865 pages ; 25 cm.
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subject_facet Households -- Economic aspects -- United States -- History -- 20th century, Households -- Economic aspects -- United States -- History -- 21st century, United States -- Economic conditions -- 2001-2009, United States -- Economic conditions -- 2009-, United States -- Economic conditions -- 20th century, Wealth -- United States -- History -- 20th century, Wealth -- United States -- History -- 21st century
title_display A century of wealth in America
title_full A century of wealth in America / Edward N. Wolff
title_short A century of wealth in America