“A timely and important new book…It should be our North Star for the recovery and beyond.” -Hillary Clinton

From one of our wisest and most influential economic thinkers, the only person to serve as Director of the National Economic Council under two Presidents, a profound big-picture vision of why the promotion of dignity should be the singular end … I vehemently disagree. Yet we should also be under no illusions. Nobel Prize-winning economist Robert E. Lucas Jr. has written, "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution. Buy, May 05, 2020 Indeed, the first time JFK used the line as president was in Colorado on August 17, 1962, to appropriately praise congressional approval of a giant dam project. Gross National Product counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage. Buy, May 05, 2020 .orange-text-color {font-weight:bold; color: #FE971E;}View high quality images that let you zoom in to take a closer look. Nobel Prize-winning economist Richard Thaler has said that a mistake in many human activities is to focus more on what can be measured than on what is most important. Sperling is one of the most important economic thinkers of our time.” —Ro Khanna, member of Congress    “Never have I come across a book that is so intellectually engaging, deeply compassionate, and solutions oriented at the same time. . Economic dignity should be the North Star to guide that journey. He … He keeps looking over and over again in the same spot. There also is a better poverty metric. Buy. Please try your request again later. In turn, this thoughtful take reminds us of our capacity for progress when we put people at the center—and defend the dignity of all.” —Stacey Abrams Or like saying that when Bill Gates walks into a bar, the average income inside immediately becomes astronomical. Finally, a helpful pedestrian tries to help and asks, "So I take it you think you lost them in this spot?" In a well-written and accessible style, Sperling argues that the main goal of economic … But it would have been smart as well to ask the entire staff to consider, even in a strong economy, what were the worst types of economic pain, despair, and domination that existed in our economy even if they were not showing up in any metric? This present conversation focuses on Sperling’s book Economic Dignity. This essay seeks to go beyond those invocations. In a nation that structures its markets and economic policy to lift up all of its people, a 4 percent growth rate can be a vital means to the end goal of a more just society. How well markets and economic policy lifts up what matters most in people's lives is not a second-order issue. Economic dignity, Sperling maintains, can be seen as resting on three pillars. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. The relatively new Supplemental Poverty Measure gives a more accurate picture of economic hardship by reflecting out-of-pocket health spending, local living costs, and whether low-income people benefited from policies like the earned income tax credit (EITC).The Commission on the Measurement of Economic Performance and Social Progress, which was called for in 2008 by French president Nicolas Sarkozy and is led by noted economists Amartya Sen, Joseph Stiglitz, and Jean-Paul Fitoussi, was a search for better economic measurements of human well-being. As Stiglitz and his coauthors rightly note, "there is no simple way of representing every aspect of well-being in a single number in the way GDP describes market economic output." So yes, the review of all economic metrics was of course worthwhile. Policies that ensure that all Americans have first and second chances to pursue their potential means not only more people finding purpose and meaning in their economic lives, but more success in ensuring we are producing at our national potential. His clear-eyed, sharp analysis demands a close read by policy makers and the rank and file alike. Free shipping and pickup in store on eligible orders. His argument combines moral and intellectual seriousness with actual high-level policy experience. Measures like the Gini-coefficient, median income, unemployment rates, and job growth paint a more accurate picture of whether a rising tide is in fact lifting all boats than examining GDP or the value of the stock market. Indeed, any economic metric that cannot tell us whether the great majority of people are seeing their lives enhanced cannot be a rational or humane end goal for economic policy. But why? In “Economic Dignity,” this consummate insider lays out an agenda closer to Sanders than to Biden. . There's a problem loading this menu right now. It is not. Sperling is the author of The Pro-Growth Progressive (2005); co-author of What Works in Girls’ Education: Evidence for the World’s Best Investment (2004, 2016); founded the… More about Gene Sperling, One of Amazon’s best Business and Leadership books of 2020 so far“Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times“As the coronavirus pandemic devastates the economy and unemployment claims surge to epic heights, economist Sperling argues that numbers don’t tell the whole story . Now more than ever, at a moment when the very capacity of modern capitalism to avoid accelerating inequality, a hollowed-out middle class, and structural poverty is being questioned, we need to step back and reflect on our ultimate goals.Economic Dignity is Sperling’s effort to do just that – to frame our thinking about the way forward in a time of wrenching economic change. Yet the benefits of this strong GDP vary dramatically for each country's citizens. It is for that reason that this book will become required reading … . Our payment security system encrypts your information during transmission. He is the author of The Pro-Growth Progressive , and co-author of What Works in Girls’ Education: Evidence for the World’s Best Investment . The point here is that even a metric that measures something as unobjectionably good as reducing inequality is still not an ultimate end goal in itself, if it is not in the context of serving a larger end goal of lifting up lives and well-being together with reducing economic inequalities. Over the past few decades, both have had multiyear GDP growth rates of 4 percent or more. A singular focus on even median income can make invisible much of the anxiety, economic fear, abuse at work, and economic disillusionment that has been part of the recent angst with status quo politics in the United States and across much of the world. It also analyzes reviews to verify trustworthiness. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. Consider the Gini coefficient, which is named after an Italian statistics whiz named Corrado Gini (I promise it is not as complicated as it sounds). It counts special locks for our doors and the jails for the people who break them. File Name : economic-dignity.pdf Languange Used : English File Size : 47,6 Mb Total Download : 787 Read Online Download. A healthy economy not only delivers the goods, he reminds us; it also provides the basis for mutual respect among citizens.” —Michael J. Sandel, author of What Money Can’t Buy: The Moral Limits of Markets“Gene Sperling gets it. There is a joke about an inebriated man looking in a parking lot for his car keys one night. His argument combines moral and intellectual seriousness with actual high-level policy experience. Economic Dignity is Sperling\'s effort to do just that - to frame our thinking about the way forward in a time of wrenching economic change. economic dignity by Gene Sperling ‧ RELEASE DATE: May 5, 2020 Noted number cruncher Sperling delivers an economist’s rejoinder to life, liberty, and the pursuit of happiness. 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