Middle Class Economics

For the past several decades, politicians and economists thought that high levels of inequality were good for the economy. But because America’s middle class is now so weak, the US economy suffers from the kinds of problems that plague less-developed countries. As Hollowed Out explains, to have strong, sustainable growth, the economy needs to work for everyone and expand from the middle out. This new thinking has the potential to supplant trickle-down economics―the theory that was so wrong about inequality and our economy―and shape economic policymaking for generations.

The middle class is the most successful group in world history. Sometime before 2030 the fifth billionth person will join the middle class. What started a little over two hundred years ago as a search for a better life has fueled unprecedented global transformation. In his new book Homi Kharas looks at how this powerful dream captivated generations through history, but its demands have led younger generations to ask if it is all worth it. Can the middle class continue to thrive, or will it falter under the stresses of automation, consumerism, pollution, and political strife?

In this groundbreaking audiobook, Russ Alan Prince and Lewis Schiff examine the far-reaching impact of the middle-class millionaires - people who enjoy a net worth ranging from one to 10 million dollars who have earned rather than inherited their wealth. Comprising 8.4 million households, the working rich are exerting a powerful influence on our attitudes and on society.

The best-selling author of Nickel and Dimed goes back undercover to do for America's ailing middle class what she did for the working poor. Barbara Ehrenreich's Nickel and Dimed explored the lives of low-wage workers. Now, in Bait and Switch, she enters another hidden realm of the economy: the world of the white-collar unemployed.

Conventional wisdom says income inequality is rising and harmful to nearly everyone, and the rich are to blame. But as Ed Conard shows, anyone who can produce a product valued by the entire economy will find his or her income growing faster than those who are limited by the number of customers they can serve, such as schoolteachers, plumbers, doctors, and lawyers.

Through his nightly CNN show Lou Dobbs Tonight, his syndicated radio program, and his monthly magazine column, Lou Dobbs has become one of America's most visible, popular, and respected voices on business and financial matters. Now, with War on the Middle Class, Dobbs takes an impassioned and rousing stance on the all-out class war that is turning the American dream into a nightmare.

President Obama's goal is to create a two-class society: the poor and the super-rich. Decades of liberals - and even a few supposed "Republicans" - have helped push America toward this goal, and President Obama hopes to finish their work. Why? Because this two-class society cements the crony capitalism that feeds big government and keeps corrupt big shots like Obama and his friends in power, permanently enshrined as the ruling class. Meanwhile, it keeps everyone else hooked on the government like a drug that's impossible to quit.

Peter Georgescu arrived in this country as a penniless Romanian refugee and rose to become the CEO of Young & Rubicam. Which is why he's so heartsick that in America today, with flat wages, disappearing jobs, and a shrinking middle class, his kind of rags-to-riches story doesn't seem possible now. But he has a message for his fellow CEOs: we're the ones who must take the lead in fixing the economy.

It’s the Middle Class, Stupid! confirms what we have all suspected: Washington and Wall Street have really screwed things up for the average American. Work has been devalued. Education costs are out of sight. Effort and ambition have never been so scantily rewarded. Political guru James Carville and pollster extraordinaire Stan Greenberg argue that our political parties must admit their failures and the electorate must reclaim its voice, because taking on the wealthy and the privileged is not class warfare—it is a matter of survival.

The mainstream media and ultra-liberal Democrats can't understand why white voters, especially white men, are so angry. Wayne Allyn Root is an angry white male, and he knows why. This is his story, his testimony, and a look at what's happening to an entire group of good people: law-abiding, tax-paying, hard-working, middle-class people. They're being targeted, silenced, intimidated, persecuted - virtually wiped off the planet.

Through meticulous research, author Gini Graham Scott paints a stark portrait of this growing division in modern society, drawing surprising accurate parallels to the Middle Ages and telling how our present course is ripe for social and political upheaval.

America's political and economic elite spent so long making such terrible decisions that they caused the collapse of 2008. So how can they continue down the same road? No one in charge wants to publicly acknowledge is that things are still pretty great for the people who run America. It was an accident of history, Jeff Faux explains, that after World War II the US could afford a prosperous middle class, a dominant military, and a booming economic elite at the same time. For the past three decades, all three have been competing, with the middle class always losing. Next the military.

In a wide-ranging narrative that takes us from a downsized marketing executive in Massachusetts, to a father of three in Appalachia finding purpose and meaning working in a convenience-store chain, to an unemployed autoworker retraining in "advanced manufacturing", Shell reveals how work is essential to our flourishing and pyschological well-being - and how so many of the avenues to well-paid and meaningful work will be challenged in the years ahead.

A wake-up call for middle class Americans who feel trapped in a post-crisis economic slump, The Unfair Trade is a riveting exposé of the vast global financial system whose flaws are the source of our economic malaise. Our livelihoods are now beholden to the workings of its imbalances and inequities. The trillions of dollars that make up the flow of international finance - money often steered away from people who deserve it most - have not just undermined the lives of working and middle class Americans.

Black Picket Fences is a stark, moving, and candid look at a section of America that is too often ignored by both scholars and the media: the Black middle class. The result of living for three years in "Groveland", a Black middle-class neighborhood on Chicago's South Side, sociologist Mary Pattillo-McCoy has written a book that explores both the advantages and the boundaries that exist for members of the Black middle class.

A groundbreaking work of history about the American middle class - its rise, why it faltered, and who truly benefited from its dominance.

In American Mojo: Lost and Found, Peter D. Kiernan, the award-winning author of the New York Times best-seller Becoming China's Bitch, focuses on America's greatest challenge and opportunity: restoring the middle class to its full promise and potential. Our educated, skilled, and motivated middle class was the cornerstone of America's postwar economic might, but the country's dynamic core has struggled and changed dramatically through the last three decades.

America's middle class, the driver of so much of our economic success and political stability, is rapidly disappearing, forcing us to confront the fear that we are slipping as a nation - that our children and grandchildren will enjoy fewer opportunities and face a lower standard of living than we did. It's the dark flipside of the American Dream - an American Nightmare of our own making.

In Privilege Lost, Jessi Streib traces the lives of over 100 youth born into the upper-middle-class. Following them for over 10 years as they transition from teens to young adults, Streib examines who falls from the upper-middle-class, how, and why don't they see it coming. In doing so, she reveals the patterned ways that individuals' resources and identities push them onto mobility paths - and the complicated choices youth make between staying true to themselves and staying in their class position.

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.