This is an automatically translated description

Analysis of methods and tools that strengthen the middle class.

Subject

Economics, finance.

About the book

The slow growth of the middle class is a serious challenge for the economy. But simple methods of income redistribution are ineffective, argues the author of this book. How can we fight inequality in a market economy? Should we impose strict restrictions on the enrichment of the richest? How to stimulate the development of the middle class and build an innovative economic system?

Who is the book for

The book is for anyone interested in economics, finance, and socio-political processes.

Why this book

American entrepreneur Edward Conard refutes popular theories about strengthening the middle class, analyses which tools are most effective and offers his own plan.

About the Author

Edward Conard is a lecturer at the American Enterprise Institute and formerly headed the investment company Bain Capital.

Books on similar topics

• «The Rise and Fall of Countries. Who wins and loses on the world stage», Ruchir Sharma, «Nash Format», 2018
• «23 Hidden Facts About Capitalism», Ha-Young Chang, «Our Format», 2018
• «Saving Capitalism. How to make the free market work for people», «Our format», 2018

Reviews

«Regardless of whether you agree with the author or not, this book will clarify your vision of the economic situation in the most critical issues.Larry Summers, former president of Harvard University

«Ed Conard reminds us that inequality signals what society needs most.

Quotes

On the wealth of innovators
The more an economy develops, the more innovation is valued. Successful innovators who have achieved great economic success, such as Steve Jobs or Bill Gates, are wealthier than their predecessors from the past. It's a simple multiplication. And they're getting richer than doctors, school teachers, bus drivers, and other middle-income workers whose pay is limited by the number of customers they can serve.

About Economic Growth
Few people realise the scale of the global economy. In 1964, the entire global economy was the same as China's today!