Although middle-income families don't earn much more than they did several decades ago, they are buying bigger cars, houses, and appliances. To pay for them, they spend more than they earn and carry record levels of debt. In a book that explores the very meaning of happiness and prosperity in America today, Robert Frank explains how increased concentrations of income and wealth at the top of the economic pyramid have set off expenditure cascades that raise the cost of achieving many basic goals for the middle class.
Writing in lively prose for a general audience, Frank employs up-to-date economic data and examples drawn from everyday life to shed light on reigning models of consumer behavior. He also suggests reforms that could mitigate the costs of inequality. Falling Behind compels us to rethink how and why we live our economic lives the way we do.
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"An interesting look at inequality and its consequences through the window of behavioral economics." — Sam (4 out of 5 stars)
"An interesting look at inequality and its consequences through the window of behavioral economics."
" An average read. The ideas of a consumption tax, as presented, are quite interesting. Will definitely give me something to think about. "
" interesting concept. But could it be written any more dryly? I feel as if I reading a peer reviewed journal with the footnotes. "
" i couldn't really finish this because it's all stuff i've seen updated on blogs and national newspaper sites lately. glad he laid the foundation here (or you know, in semi-popular press), but it seemed superfluous reading. "
Robert H. Frank is an economics professor at Cornell’s Johnson Graduate School of Management, a regular columnist for the New York Times, and a distinguished senior fellow at Demos. His books, which have been translated into twenty-two languages, include The Winner-Take-All Society, The Economic Naturalist, Luxury Fever, What Price the Moral High Ground?, and Principles of Economics.
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