Falling Behind: How Rising Inequality Harms the Middle Class (Wildavsky Forum Series)

Robert H. Frank

ISBN 10: 0520252527 / ISBN 13: 9780520252523

Published by University of California Press, 2007

About this Item

1st printing.

Seller Inventory # 2138202338

Bibliographic Details

• Title: Falling Behind: How Rising Inequality Harms the Middle Class (Wildavsky Forum Series)
• Publisher: University of California Press
• Publication Date: 2007
• Language: English
• ISBN 10: 0520252527
• ISBN 13: 9780520252523
• Binding: Soft cover
• Edition: 1st Edition
• Printing: 1st Printing
• Condition: Fine

About this title

Synopsis

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. Writing in lively prose for a general audience, Frank employs up-to-date economic data and examples drawn from everyday life to shed light on reigning models of consumer behavior. He also suggests reforms that could mitigate the costs of inequality. Falling Behind compels us to rethink how and why we live our economic lives the way we do.

Copub: Russell Sage Foundation

About the Author

Robert H. Frank is an economics professor in the Johnson Graduate School of Management at Cornell University, Distinguished Senior Fellow at Demos: A Network for Ideas and Action, and a columnist for The New York Times. His books include The Winner Take-All Society (with Philip J. Cook), Luxury Fever, Choosing the Right Pond, Passions Within Reason, and Principles of Economics (with Ben S. Bernanke).