Description
Book SynopsisFor the past several decades, politicians and economists thought that high levels of inequality were good for the economy. This book explains that to have strong, sustainable growth, the economy needs to work for everyone and expand from the middle out.
Trade Review"The director of economic policy at the Center for American Progress argues that it is time to mount a political challenge to the economic theories-namely, supply-side, or trickle-down economics-that have provided cover for the unparalleled growth in inequality over the past three decades... A dramatic and clearly delineated outline of 'how the stage has been set for transformative political conflict.'" Kirkus "A provocative and thoughtful analysis... at the core of his position are important ideas worthy of nuanced debate and further research by all sides." -- Russell MacMullan Washington Independent Review of Books "Madland doesn't pull his punches... This is perfect late-summer reading-if you've spent the summer somewhere where there's still a functioning middle class. Come back to the UK, or the more inequitable of US states, and you can read about how it could be summertime all the time. If only we stopped hollowing out." -- Danny Dorling Times Higher Education "A persuasive, accessible economic argument... Hollowed Out offers serious food for thought and is highly recommended for... Economic Studies." The Midwest Book Review
Table of ContentsIllustrations 1. Middle Out vs. Trickle Down 2. Trust 3. Good Governance 4. Stable Consumer Demand 5. Human Capital 6. Creating a Middle-Class Society Acknowledgments Notes Index
