COMPOSURE

My Book Recommendation

default

Noted number cruncher Sperling delivers an economist’s rejoinder to life, liberty, and the pursuit of happiness.

Former director of the National Economic Council in the administrations of Presidents Bill Clinton and Barack Obama, the author has long taken a view of the dismal science that takes economic justice fully into account. Alongside all the metrics and estimates and reckonings of GDP, inflation, and the supply curve, he holds the great goal of economic policy to be the advancement of human dignity, a concept intangible enough to chase the econometricians away. Growth, the sacred mantra of most economic policy, “should never be considered an appropriate ultimate end goal” for it, he counsels. Though 4% is the magic number for annual growth to be considered healthy, it is healthy only if everyone is getting the benefits and not just the ultrawealthy who are making away with the spoils today. Defining dignity, admits Sperling, can be a kind of “I know it when I see it” problem, but it does not exist where people are a paycheck away from homelessness; the fact, however, that people widely share a view of indignity suggests the “intuitive universality” of its opposite. That said, the author identifies three qualifications, one of them the “ability to meaningfully participate in the economy with respect, not domination and humiliation.” Though these latter terms are also essentially unquantifiable, Sperling holds that this respect—lack of abuse, in another phrasing—can be obtained through a tight labor market and monetary and fiscal policy that pushes for full employment. In other words, where management needs to come looking for workers, workers are likely to be better treated than when the opposite holds. In still other words, writes the author, dignity is in part a function of “ ‘take this job and shove it’ power,” which is a power worth fighting for.

A declaration worth hearing out in a time of growing inequality—and indignity.

Pub Date: May 5, 2020

ISBN: 978-1-9848-7987-5

Page Count: 384

  • Great Circle: A novel Great Circle: A novel This is a story a woman’s unenthusiastic life as she strives to break free. Marian Graves is also from a family which has lost their fame. Instead of bitterness, Marian continues to dream for the future and works hard for her stars. Although her life is not easy, she refuses to let the circumstances of her past dictate the fate of her future. This is an American story about independence, shedding your past,Read More
  • Klara and the Sun: A novel The book Klara and the Sun is an emotional story about loss and love. A peculiar girl, Klara who always insists that someone else is always inside of her body finally comes face to face with her real self. It is a masterpiece is that still contemplative and thoughtful as you are being drawn in by the essence of that “someone else.”Read More
  • The Four Winds: A Novel The Four Winds: A Novel by Kristen Hannah is a charming yet gritty story of women who remember America's iconic dust storms and have been trying to survive since the nation asks them to. This book is a touching story of survival, resilience, and hope.Read More

Publisher: Penguin Press

Review Posted Online: Feb. 26, 2020

Kirkus Reviews Issue: March 15, 2020

Did you like this book?

No Comments Yet

You May Also Like