Myths of rich & poor: why we're better off than we think

Dismantling dozens of firmly-held beliefs, Cox and Alm show that: "Real income" is an unreliable measure of living standards. Real wealth - the lifestyle Americans routinely enjoy - has skyrocketed; the poor have not gotten poorer. In fact, the average family living below the poverty line...

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Bibliographische Detailangaben
Hauptverfasser: Cox, W. Michael (VerfasserIn), Ghillany, Friedrich Wilhelm 1807-1876 (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: New York Basic Books 1999
Ausgabe:1. ed.
Schriftenreihe:Business, economics
Schlagworte:
Zusammenfassung:Dismantling dozens of firmly-held beliefs, Cox and Alm show that: "Real income" is an unreliable measure of living standards. Real wealth - the lifestyle Americans routinely enjoy - has skyrocketed; the poor have not gotten poorer. In fact, the average family living below the poverty line today is doing as well or better, in terms of material possessions, as middle-class families in 1971; corporate downsizing creates jobs in the long run; income mobility is alive and well
Of people at the bottom fifth of the income distribution in 1975, almost 3 in 10 were in the top fifth by 1991; and America's trade deficit is a sign of strength. We can afford to import more than we export because America is such an attractive haven for overseas investments
Beschreibung:XVI, 256 S. graph. Darst.
ISBN:0465047831
046504784X

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