The American Dream vs. the Gospel of Wealth bookcover

The American Dream vs. the Gospel of Wealth

The Fight for a Productive Middle-Class Economy
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Description

"The most important book I've read in years."--Bill Moyers

Norton Garfinkle paints a disquieting picture of America today: a nation increasingly divided between economic winners and losers, a nation in which the middle-class American Dream seems more and more elusive. Recent government policies reflect a commitment to a new supply-side winner-take-all Gospel of Wealth. Garfinkle warns that this supply-side economic vision favors the privileged few over the majority of American citizens striving to better their economic condition. Garfinkle employs historical insight and data-based economic analysis to demonstrate compellingly the sharp departure of the supply-side Gospel of Wealth from an American ideal that dates back to Abraham Lincoln--the vision of America as a society in which ordinary, hard-working individuals can get ahead and attain a middle-class living, and in which government plays an active role in expanding opportunities and ensuring against economic exploitation. Supply-side economic policies increase economic disparities and, Garfinkle insists, they fail on technical, factual, moral, and political grounds. He outlines a fresh economic vision, consonant with the great American tradition of ensuring strong economic growth, while preserving the middle-class American Dream.

Product Details

PublisherYale University Press
Publish DateDecember 11, 2007
Pages240
LanguageEnglish
TypeBook iconPaperback / softback
EAN/UPC9780300126112
Dimensions8.3 X 5.5 X 0.6 inches | 0.6 pounds

About the Author

Norton Garfinkle is chairman, The Future of American Democracy Foundation. He has taught economics at Amherst College and is former chairman of the George Washington University Institute for Communitarian Policy Studies. He is also co-author of Uniting America: Restoring the Vital Center to American Democracy, published by Yale University Press.

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