Free Ebook Myths Of Rich And Poor: Why We're Better Off Than We Think, by Michael W. Cox, Richard Alm
Certainly, to improve your life quality, every publication Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm will certainly have their certain session. Nonetheless, having particular awareness will make you really feel much more certain. When you really feel something occur to your life, sometimes, reading publication Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm can help you to make calmness. Is that your genuine leisure activity? Sometimes yes, yet often will certainly be not exactly sure. Your choice to review Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm as one of your reading e-books, could be your appropriate book to review now.
Myths Of Rich And Poor: Why We're Better Off Than We Think, by Michael W. Cox, Richard Alm
Free Ebook Myths Of Rich And Poor: Why We're Better Off Than We Think, by Michael W. Cox, Richard Alm
Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm When composing can transform your life, when writing can enrich you by providing much money, why do not you try it? Are you still very baffled of where getting the ideas? Do you still have no concept with just what you are going to compose? Currently, you will need reading Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm A good writer is a good visitor simultaneously. You could specify how you write relying on what books to review. This Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm can help you to address the trouble. It can be one of the ideal sources to develop your creating skill.
By reviewing Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm, you could understand the understanding and points even more, not just regarding what you get from individuals to individuals. Schedule Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm will be much more relied on. As this Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm, it will truly give you the smart idea to be effective. It is not only for you to be success in particular life; you can be successful in everything. The success can be begun by understanding the basic understanding and also do actions.
From the combo of expertise as well as actions, somebody could improve their ability and also ability. It will lead them to live as well as function better. This is why, the pupils, employees, or perhaps employers should have reading routine for publications. Any sort of publication Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm will offer certain knowledge to take all perks. This is what this Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm tells you. It will add even more knowledge of you to life and also function much better. Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm, Try it and also prove it.
Based upon some encounters of many individuals, it remains in fact that reading this Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm could help them to make better option and also provide more encounter. If you intend to be one of them, allow's acquisition this publication Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm by downloading the book on web link download in this website. You can obtain the soft data of this publication Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm to download and install and put aside in your offered electronic gadgets. Exactly what are you waiting for? Let get this book Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm on-line and also review them in any time and any kind of area you will certainly review. It will not encumber you to bring hefty publication Myths Of Rich And Poor: Why We're Better Off Than We Think, By Michael W. Cox, Richard Alm within your bag.
Popular wisdom holds that the years since 1973—the end of the “postwar miracle”—have been a time of economic decline and stagnation: lackluster productivity, falling real wages, and lost competitiveness. The rich have gotten richer, the poor have gotten poorer, and most of us have barely held on while watching all the best jobs disappear overseas.As Myths of Rich and Poor demonstrates, this picture is not just wrong, it’s spectacularly wrong. The hard numbers, simple facts, and iconoclastic arguments of this book will change the way you think about the American economy.
- Sales Rank: #1135140 in eBooks
- Published on: 2008-08-04
- Released on: 2008-08-04
- Format: Kindle eBook
From Library Journal
Cox, a vice president and economic adviser to the Federal Reserve Bank in Dallas, and Alm, a business reporter for the Dallas Morning News, have written a remarkable book that uses government facts and figures to counter the pessimism regarding the performance of the U.S. economy over the last 25 years. Of particular note are their debunkings of 12 commonly accepted myths about jobs, income, and living standards; their comments regarding the impact of technology on existing jobs and the economy; their observations about income inequality, the individual nature of opportunity, the trade deficit, layoffs, and downsizing; and their prescription for keeping the U.S. economic system humming. A controversial mix that should entice readers in both academic and public libraries.?Norman B. Hutcherson, Kern Cty. Lib., Bakersfield, CA
Copyright 1999 Reed Business Information, Inc.
From Kirkus Reviews
Cox, a Federal Reserve economist and adviser to the CATO institute, presents, with Dallas Morning News business reporter Alm, an aggressively rosy report on the nation's economy. I'm all right, Jack, and so are you, they say. Forget eroding living standards, foreign competition, rapacious CEOs, hedge fund crashes and endemic downsizing. Times, on the whole, have never been better, say the authors, and to prove it they offer a plenitude of charts, tables, statistics and figures. It is in the nature of capitalism that there are occasional disruptionssuch as corporate downsizingwhich they call churning, but this is still the best economic system, they claim: ``Layoffs arent a sign of failure, not for the economy, not even for most workers.'' Layoffs take place beside job creation. That a midlevel manager fired from AT&T might, with luck, finally end up as a low-level associate at Wal-Mart is part of the churn, not part of ``the hard numbers that define broad trends, averages, medians, per capita figures and rates of change.'' Good times, the numbers say, are here. We have more money than ever. We spend more for stuff (like VCRs, health care, and stealth bombers) and we spend more time at leisure. In the triumph of capitalism, minorities and women are doing better, too. As we change from a labor to a service economy, technology is improving life faster than ever. Don't mess with success, the authors say. Just protect property rights, keep taxes low, and eschew more regulation. There are, though, some unasked questions. Yesterday Standard Oil had to be dismembered; would a merger of Exxon and Mobil be a good thing today? Will the next decades be like the past 20 years or is something fundamental changing? Never mind. Just look at the numbers. Pangloss and Pollyanna tackle what Carlyle once called ``the Dismal Science'' in a polemic sure to attract dissent. -- Copyright ©1998, Kirkus Associates, LP. All rights reserved.
Review
"Myths of Rich and Poor gets behind the statistics reported on the evening news and quoted during Perot's infomercials to tell the true story of the American economy." -- Franklin Harris, Decatur Daily, AL, march 7, 1999
"Myths of Rich & Poor shoots down innumerable examples of economic nonsense that prevail in the media and in politics. Its authors, W. Michael Cox and Richard Alm, deserve a medal for bringing some sanity to a subject where insanity is the norm." -- Thomas Sowell, New York Post, February 3, 1999
"The Myths of Rich and Poor is a clear-eyed, dispassionate analysis of what's good about today and why we should be optimistic about tomorrow. Cox and Alm neatly dissect the myths of the handwringing pessimists who would turn to government before understanding reality." -- Edward H. Crane, President, CATO Institute
"The Myths of Rich and Poor is a fantastic volume. Michael Cox and Rick Alm challenge the Chicken Littles of the world to consider, for a change, the facts. The sky (of opportunities) is not falling at all. Indeed, it is rising." -- Richard B. McKenzie, Author, The Paradox of Progress; Professor, University of California at Irvine
"A superb book! With facts, figures, and logic, Cox and Alm deliver a knockout blow to the prophets of American decline on both right and left." -- Robert Poole, President, Reason Foundation
"Cox and Alm show conclusively that the merchants of doom and gloom are not just wrong, but spectacularly wrong. You really are better off than your parents, and your children will be better off than you." -- Dwight R. Lee, Ramsey Professor of Economics, University of Georgia
"It is refreshing to read a positive account of market activity which so clearly demonstrates how free markets effectively promote the general welfare and sustain human dignity." -- Rev. Robert A. Sirico, President, Acton Institute
"Michael Cox and Richard Alm challenge the conventional wisdom that says we can no longer look forward to a rising standard of living. Using credible data and clear exposition, they make a compelling case that economic dynamism continues to create ever-greater opportunity and prosperity for Americans of all income levels. No honest discussion of the American economy can ignore this book." -- Virginia Postrel, editor, Reason magazine; author, The Future and Its Enemies
"This is not a conservative book or a liberal book: it's the best account I've seen of the real state of the American economy. Times are good--better than they've ever been before--and if we want to understand how to keep them that way we could not do better than to heed what Cox and Alm have to say." -- Lawrence Kudlow, author, American Abundance
...timely, important and refreshing. -- The Wall Street Journal, David R. Henderson
Not since Atlas Shrugged has there been as spirited a take on free enterprise as ... Myths of Rich & Poor: Why We're Better Off Than We Think... -- Wired
They have a story to tell, and an amazing mastery of arcane economic statistics. But the effect is blunted by their reluctance to concede any possible problems. -- The New York Times Book Review, Floyd Norris
Most helpful customer reviews
44 of 56 people found the following review helpful.
The "we" in the title is the middle class.
By Eric S. Schliesser
I teach this book in my philosophy of social science class. It is easy and entertaining to read, and full of provocative claims because it makes no attempt at being balanced or cautious. In general, they do a decent job explaining basic economic concepts. It is, thus, an excellent book to analyze statistical reasoning. For example, throughout the book they offer data on the "average" or "per capita" American rather than providing the more illuminating median figures, but when they deal with executive pay suddenly the median (the middle of a distribution) is the right number, thus, underplaying excess at the top. When they try to convince the reader that wages are not the right tool to measure living standards, they use the buying power of a "typical manufacturing worker." Not only is that worker disappearing (as their own data shows, but they call it "improvements in productivity") and thus not very typical, he cannot be a good proxy for somebody on minimum wage, which has not kept up with wages in manufacturing sector. Nevertheless, the book is unintentionally very insightful: it turns out that on the authors' own account the reason why even the poor are better off (as measured by their ability to consume) than they were a generation ago is, besides the lower real cost of some necessities, the existence of welfare payments! Of course, this is not trumpeted. Moreover, when trying to show (in chapter 4) that minorities and women are sharing in rising living standards, they inexplicably shift, as my students pointed out to me, from their favored measure (consumption) to data on wage-income, which they had castigated as misleading earlier in the book. Even so, they conclude the chapter with the remark, "income distribution doesn't say much about...the opportunities [an economy] offers." (88) Thus, undermining their own argument! Finally, when they analyze upward mobility they fail to control for class; so the post-collegiate income performance of students, including those that have upper middle-class and wealthy backgrounds, is cited as evidence of upward mobility. Furthermore, their data-set excludes the homeless and others that do not have regular sources of income. So, their result tells us little about the upward mobility of what is known as the (new) "underclass."
36 of 46 people found the following review helpful.
helpful data and analysis, but too breezy
By Arnold Kling
How pervasive is poverty in America? Cox and Alm argue convincingly that conventional measures overstate the extent of poverty. The conventional approach compares income to an arbitrary threshold, the so-called "poverty line." What Cox and Alm demonstrate is that many people who fall below that line nonetheless enjoy a lifestyle that would have been considered middle-class or even affluent 25 years ago.
Where the book is too breezy, in my opinion, is in its treatment of the policy implications of its statistics. Suppose we take it as proven, based on their data and analysis, that between 80 and 90 percent of the people below the poverty line are not truly poor, based on what they are able to consume. Two questions arise, which the book fails to answer.
1. To what extent have government programs, such as social security, food stamps, etc., enabled these people to escape true poverty? If government programs are what has alleviated poverty, then the official poverty line may still be a valid measure of the need for government assistance.
2. What sort of solution is there for hard-core poverty--the 2 to 4 percent of the population who are poor by any definition? How much of their poverty is amenable to economic solutions, and how much of it instead requires medical treatment--for mental illness, substance abuse, etc.?
While Cox and Alm help set the stage for more informed policy discussions, they do not really undertake those discussions.
18 of 25 people found the following review helpful.
Antidote to daily barrage of economic doom by the media.
By Chris Cardiff
Review from AWL News, the monthly newsletter of All Ways Learning of Silicon Valley.
Shattering Modern Economic Fables
The media bombards us daily with stories about economic hardship: corporate layoffs, trade deficits, homelessness, minimum wage battles, families in poverty. Bad news sells newspapers and increases television ratings - it's ironic that the media's own economic interest is served by trumpeting economic disaster.
These messages have been repeated so often they've been exalted to the position of Conventional Wisdom. Everyone knows by now that the poor are getting poorer while the rich are getting richer, that we've become a nation of hamburger flippers, that both parents need to work in order to support a family, and that our children are the first generation in our history who will not be better off than their parents.
Enter Michael Cox, an economist with the Federal Reserve, and Richard Alm, a business journalist. As they state in Myths of Rich & Poor, "these statements of America's economic failure are not just wrong, but, in each and every instance, spectacularly wrong." A combination of statistics and elegant methodologies are the tools they use to shatter these modern economic fables. The clarity of their writing doesn't hurt either.
It's impossible to read this book without realizing that we are winning the war on poverty. Today's average "poor" families have goods and services that rival yesterday's middle class families: 60% have microwaves, 50% have air conditioners, 93% have color televisions, and 60% have videocassette recorders.
More impressive is the income mobility within our economy. Most poor families don't stay poor. Over the sixteen year period tracked by one study, 95% of the families in the lowest income quintile climbed the economic ladder to higher quintiles. Over 80% moved to the top three quintiles, qualifying them as middle class or better. As Cox and Alm repeatedly demonstrate, "the rich may have gotten a little richer, but the poor have gotten much richer."
In another enjoyable section, Cox and Alm deftly reverse the perception that we are becoming a "nation of hamburger flippers." Fast-food jobs supposedly represent the shift of our economy to low-paying service sector jobs. But Cox and Alm point out that everyone from brain surgeons to computer programmers are considered part of the service sector.
Reading this book gives you a perspective you would not otherwise get from the mainstream media. With their relentless daily focus on bad economic news, the media completely miss the big picture - the American Dream is being realized by more people than ever before. As we prepare our children to participate in this economic miracle, it's good to know that boundless opportunities lie ahead for them.
Myths Of Rich And Poor: Why We're Better Off Than We Think, by Michael W. Cox, Richard Alm PDF
Myths Of Rich And Poor: Why We're Better Off Than We Think, by Michael W. Cox, Richard Alm EPub
Myths Of Rich And Poor: Why We're Better Off Than We Think, by Michael W. Cox, Richard Alm Doc
Myths Of Rich And Poor: Why We're Better Off Than We Think, by Michael W. Cox, Richard Alm iBooks
Myths Of Rich And Poor: Why We're Better Off Than We Think, by Michael W. Cox, Richard Alm rtf
Myths Of Rich And Poor: Why We're Better Off Than We Think, by Michael W. Cox, Richard Alm Mobipocket
Myths Of Rich And Poor: Why We're Better Off Than We Think, by Michael W. Cox, Richard Alm Kindle
Tidak ada komentar:
Posting Komentar