Middle Class Economics

The 20th century witnessed the triumph of democratic capitalism in the industrialized West, with widespread popular support for both free markets and representative elections. Today, that political consensus appears to be breaking down, disrupted by polarization and income inequality, widespread dissatisfaction with democratic institutions, and insurgent populism. Tracing the history of democratic capitalism over the past two centuries, Carles Boix explains how we got here - and where we could be headed.

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 cost of achieving many basic goals for the middle class.

A commonsense guide to eliminate wealth disparity in America and restore middle-class workers to economic prominence.

Weaving the brackish humor of Chuck Palahniuk with the empathy of Barbara Ehrenreich, J. R. Helton brings to life an obscured underside of the American psyche in this unflinching account of life inside the working class of Texas in the 1980s. We first meet Helton as a struggling writer succumbing to the bleak reality of what it means to support himself and a wife. That despair is transformed into resilience as Helton insightfully narrates his wayward years, enduring hateful employers and mind-numbing manual labor.

There was a time in this country when people who were well-off had two homes, and the super-rich may have had three residences. In 2008 a prominent politician was asked how many homes he had. He didn’t know. The number was eight...and in the ensuing years the income gap has only widened. Billionaires now have so much money and power that the very fabric of our nation is coming unraveled. Tax policy is fundamental to a nation’s stability. We need to return to the system that brought us a large, dynamic, educated middle class.