Rewriting the Rules of the American Economy

By Joseph Stiglitz, Nell Abernathy, Adam Hersh, Mike Konczal, Susan R. Holmberg |

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Inequality is a choice—one that we make with the rules we create to structure our society and economy.

In this report, Roosevelt Chief Economist and Nobel laureate Joseph Stiglitz, joined by co-authors Nell Abernathy, Adam Hersh, Susan Holmberg, and Mike Konczal, exposes the link between the rapidly rising fortunes of America’s wealthiest citizens and increasing economic insecurity for everyone else. The conclusion is clear: piecemeal policy change will not do. To improve economic performance and create shared prosperity, we must rewrite the rules of our economy.

Joseph E. Stiglitz is Senior Fellow and Chief Economist at the Roosevelt Institute and a professor at Columbia University. A recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979), he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the (US president’s) Council of Economic Advisers.

Nell Abernathy is the Roosevelt Institute's Vice President of Research and Policy. She co-authored Rewriting the Rules of the American Economy.

Adam Hersh is Senior Economist at the Roosevelt Institute, where he works closely with Roosevelt Institute Senior Fellow and Chief Economist Joseph Stiglitz to examine the causes of growing economic inequality and potential policy solutions. He is also a Visiting Fellow at Columbia University’s Initiative for Policy Dialogue. Follow him on Twitter @adamshersh.

Mike Konczal is a Fellow with the Roosevelt Institute, where he works on financial reform, unemployment, inequality, and a progressive vision of the economy. His blog, Rortybomb, was named one of the 25 Best Financial Blogs by Time magazine. Follow him on Twitter @rortybomb.

Susan Holmberg is a Fellow at the Roosevelt Institute.