Hollowed Out: Why the Economy Doesn't Work Without a Strong Middle Class

For the past several decades, politicians and economists thought that high levels of inequality were good for the economy. But because America's middle class is now so weak, the US economy suffers from the kinds of problems that plague less-developed countries. As Hollowed Out explains, to have strong, sustainable growth, the economy needs to work for everyone and expand from the middle out. This new thinking has the potential to supplant trickle-down economics-the theory that was so wrong about inequality and our economy-and shape economic policymaking for generations.

Author: David Madland
Publisher: University of California Press
Published: 06/24/2015
Pages: 272
Binding Type: Paperback
Weight: 0.70lbs
Size: 8.20h x 5.40w x 0.80d
ISBN: 9780520286528

Review Citation(s):
Kirkus Reviews 05/15/2015
Choice 02/01/2016

About the Author
David Madland, Ph.D., is Managing Director for Economic Policy at the Center for American Progress.