The captured economy : how the powerful enrich themselves, slow down growth, and increase inequality
(Book)
Author
Contributors
Teles, Steven Michael, Author
Published
New York, NY, United States of America : Oxford University Press, [2017].
Status
Central - Adult Nonfiction
339.22 LINDS
1 available
339.22 LINDS
1 available
Glencarlyn - Adult Nonfiction
339.22 LINDS
1 available
339.22 LINDS
1 available
Copies
Location | Call Number | Status |
---|---|---|
Central - Adult Nonfiction | 339.22 LINDS | Available |
Glencarlyn - Adult Nonfiction | 339.22 LINDS | Available |
Description
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More Details
Published
New York, NY, United States of America : Oxford University Press, [2017].
Format
Book
Physical Desc
viii, 221 pages ; 22 cm
Language
English
UPC
40027648236
Notes
Bibliography
Includes bibliographical references (pages 181-210) and index.
Description
For years, America has been plagued by slow economic growth and increasing inequality. Yet economists have long taught that there is a tradeoff between equity and efficiency-that is, between making a bigger pie and dividing it more fairly. That is why our current predicament is so puzzling: today, we are faced with both a stagnating economy and sky-high inequality. In The Captured Economy , Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit. They document the proliferation of regressive regulations that redistribute wealth and income up the economic scale while stifling entrepreneurship and innovation. When the state entrenches privilege by subverting market competition, the tradeoff between equity and efficiency no longer holds. Over the past four decades, new regulatory barriers have worked to shield the powerful from the rigors of competition, thereby inflating their incomes-sometimes to an extravagant degree. Lindsey and Teles detail four of the most important cases: subsidies for the financial sector's excessive risk taking, overprotection of copyrights and patents, favoritism toward incumbent businesses through occupational licensing schemes, and the NIMBY-led escalation of land use controls that drive up rents for everyone else. Freeing the economy from regressive regulatory capture will be difficult. Lindsey and Teles are realistic about the chances for reform, but they offer a set of promising strategies to improve democratic deliberation and open pathways for meaningful policy change. An original and counterintuitive interpretation of the forces driving inequality and stagnation, The Captured Economy will be necessary reading for anyone concerned about America's mounting economic problems and the social tensions they are sparking.
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Citations
APA Citation, 7th Edition (style guide)
Lindsey, B., & Teles, S. M. (2017). The captured economy: how the powerful enrich themselves, slow down growth, and increase inequality . Oxford University Press.
Chicago / Turabian - Author Date Citation, 17th Edition (style guide)Lindsey, Brink and Steven Michael, Teles. 2017. The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality. Oxford University Press.
Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)Lindsey, Brink and Steven Michael, Teles. The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality Oxford University Press, 2017.
MLA Citation, 9th Edition (style guide)Lindsey, Brink,, and Steven Michael Teles. The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality Oxford University Press, 2017.
Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.
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