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What if neoclassical economics addressed the question of class? This accessible overview of economic theory launches this investigation
The COVID-19 pandemic exposed the economic inequalities pervading every aspect of society— and then multiplied them to a staggering degree. A mere nine months into the lockdown, the net worth of the infamous Forbes 400 increased by one trillion dollars; In a single year the US poverty rate rose by the largest amount ever since record-keeping began sixty years ago. At the same time, mass unemployment imperiled or erased the fragile right to quality health care for a substantial number of people living in states without Medicaid. In Inequality, Class, and Economics, Eric Schutz illumines the pillars undergirding the monstrous polarities which define our times— and reveals them as the very same structures of power at the foundations of the class system under today's capitalism.
Employing both traditional and novel approaches to public policy, Inequality, Class, and Economics offers prescriptions that can genuinely address the steepening and hardening of class boundaries. This book pushes past economists' studied avoidance of the problem of class as a system of inequality based in unequal opportunity, and exhorts us to tackle the heart of the problem at long last.
In Inequality, Class and Economics, Eric Shutz cares for his readers by explaining his arguments clearly and cogently, writing chapters with beautifully crafted economic theory and empirics—all out of a desire for enhancing the common good, reestablishing bonds of community and trust, and ultimate concern for the health of the eco-social system.
Eric Schutz acts as a Public Intellectual, much like Paul M. Sweezy, Paul Baran and C. Wright Mills before him, in explaining the world’s greater concentrations of power and inequality that reduce the quality of life and standard of living of the vast majority of citizens as well as quality of the biosocial environment.