The Vanishing Middle Class: Prejudice and Power in a Dual Economy

By Peter Temin
Read by Stephen R. Thorne

7.35 Hours 03/03/2017 unabridged
Format: Digital Download (16Tracks)
  • $19.95
    or 1 Credit

    ISBN: 9781538420508

    $12.99 With Membership: Learn More
  • $6.95

    ISBN: 9781538420515

  • $34.95

    ISBN: 9781538420485

  • $29.95

    ISBN: 9781538420492

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.” Moreover, politicians 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.

Learn More
Membership Details
  • Only $12.99/month gets you 1 Credit/month
  • Cancel anytime
  • Hate a book? Then we do too, and we'll exchange it.
See how it works in 15 seconds

Summary

Summary

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.” Moreover, politicians 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.

Editorial Reviews

Editorial Reviews

“[A] measured analysis will reward serious readers and economists who can keep up with global theory in motion.” Publishers Weekly on The Leaderless Economy

Reviews

Reviews

You're reviewing: The Vanishing Middle Class

How do you rate this product? *

 
1 1 star
2 2 star
3 3 star
4 4 star
5 5 star
Overall Performance
Narration
Story

Author

Author Bio: Peter Temin

Peter Temin is professor of Economics Emeritus at MIT. He is the coauthor of Keynes: Useful Economics for the World Economy and of The Leaderless Economy.

Titles by Author

Details

Details

Available Formats : Digital Download, Digital Rental, CD, MP3 CD
Category: Nonfiction/Business & Economics
Runtime: 7.35
Audience: Adult
Edition: English