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...

Full description

Saved in:
Bibliographic Details
Main Authors: Cox, W. Michael (Author), Ghillany, Friedrich Wilhelm 1807-1876 (Author)
Format: Book
Language:English
Published: New York Basic Books 1999
Edition:1. ed.
Series:Business, economics
Subjects:
Summary: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
Physical Description:XVI, 256 S. graph. Darst.
ISBN:0465047831
046504784X

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection!