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. A growing economy with rising productivity is critical to how a nation can produce more goods and critical services with fewer labor hours and raise standards of living generation by generation. 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. I vehemently disagree. . Economic Dignity is all of those things on a topic as encompassing and defining as the economy.” —Ai-jen Poo, Director, National Domestic Workers Alliance   “Economic Dignity points us beyond our fixation on GDP to the ends economic policy should serve—promoting the dignity of work and the well-being of families and communities. Defining and fighting for that dignity is at the heart of today’s economic debates, and that makes Gene Sperling essential reading.” —Senator Sherrod Brown“Sperling shows that the question of modern politics is not growth or equity, but growth and equity. The Gini coefficient would have gotten better, but no one would likely be celebrating. 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. The man replies, "No, but this is the only place where the light is shining.". There was an error retrieving your Wish Lists. We are experiencing technical difficulties. For many of us, finding a loving, supportive life partner and the happiness of our children are the highest values-even if those values are incalculable and can never be measured with precision. “A timely and important new book . Economics, by the people, of the people, and for the people. To him, it was just one more example of a more profound truth he witnessed in his many years in our national economic debate: that when it comes to America’s economic policy, there is too little focus on what the end goal should be.Too often, he found that our economic debate confused ends and means; that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. All three pillars are rooted in the highest and most noble values of the American project. . In order to navigate out of this carousel please use your heading shortcut key to navigate to the next or previous heading. .orange-text-color {color: #FE971E;} Discover additional details about the events, people, and places in your book, with Wikipedia integration. Please try your request again later. Not only that, he shows that with a focus on economic dignity, town can be united with city; rural with urban; young with old; and North with South, as these values transcend both place and identity. 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. . Please try again. After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. His argument combines moral and intellectual seriousness with actual high-level policy experience. It counts special locks for our doors and the jails for the people who break them. But in his new book, out this month, Economic Dignity, Sperling challenges that stereotype. Economic dignity, Sperling maintains, can be seen as resting on three pillars. Buy, May 05, 2020 This book was a Best of the Best for the month of June 2020, as selected by Stevo's Book Reviews on the Internet / Stevo's Novel Ideas. It is not. Note:! His argument combines moral and intellectual seriousness with actual high-level policy experience. Reprinted by arrangement with Penguin Press, a member of Penguin … 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. .orange-text-color {font-weight:bold; color: #FE971E;}Ask Alexa to read your book with Audible integration or text-to-speech. 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." This is not to dismiss the importance of economic growth. Sorry. So could a federal living wage, or, perhaps, a … Finally, a helpful pedestrian tries to help and asks, "So I take it you think you lost them in this spot?" This is not a theoretical exercise: consider Norway and Saudi Arabia. The potential for improving the lives of poor people by finding different ways of distributing current production is nothing compared to the apparently limitless potential of increasing production." If the content not Found, you must refresh this page manually. Sperling is the author of the 2020 book Economic Dignity, building on a 2019 piece he published in Democracy Journal. It turned up a curious weakness: personal bankruptcies, which ended up being explained in a significant way by the devastating cycle stemming from health-care costs, even in a roaring economy. By clicking SIGN UP, I acknowledge that I have read and agree to Penguin Random House’s, Editor's Picks: Science Fiction & Fantasy, Stories Read By Your Favorite Celebrities, The Crisis of the Middle-Class Constitution, Discover Book Picks from the CEO of Penguin Random House US. .orange-text-color {color: #FE971E;} Explore your book, then jump right back to where you left off with Page Flip. The third: economic participation with respect and without domination and humiliation. Sperling directed the National Economic Council under both President Clinton (1997–2001) and President Obama (2011–2014). Too often, he found debates framed by old divisions or pro-market ideology that increasingly failed to capture whether economic policy was fostering exploitation, economic insecurity, and disillusionment that were too often invisible within our current framework. 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. .orange-text-color {font-weight:bold; color: #FE971E;}View high quality images that let you zoom in to take a closer look. This essay seeks to go beyond those invocations. JFK's line that "a rising tide lifts all boats" is often used to promote GDP as an ultimate end goal based on a kind of faith that a rise in growth will automatically lift the well-being of all people. But the focus on GDP represents the most classic economic confusion of means and ends. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. It counts the destruction of the redwood and the loss of our natural wonder in chaotic sprawl. That type of inquiry avoids the unfortunate tendency in the economics profession to only dignify an issue as "economic" when it shows up in a traditional economic metric-a habit that allows too much economic pain to be invisible. He keeps looking over and over again in the same spot. This book is an exemplary guide toward policies that promote not just employment and good wages, but also the life of purpose and meaning that has been lost to so many Americans in recent decades.” —Professor Sir Angus Deaton, Nobel Laureate in Economics 2015   “Sperling’s call to make economic dignity our North Star provides a powerful moral frame for guiding economic policy that can be unifying for all progressives—even when we don’t agree on every solution. For the 2020 holiday season, returnable items shipped between October 1 and December 31 can be returned until January 31, 2021. You are not eligible for this coupon. | ISBN 9781984879882 Enjoy a great reading experience when you buy the Kindle edition of this book. Official unemployment statistics now include a broader measure with a riveting name, the "U-6." Please try again. 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). In a well-written and accessible style, Sperling argues that the main goal of economic … He understands that the Dignity of Work isn’t just a political slogan — it’s an ethos; it’s who we are as progressives, and it’s how we must govern. 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. Thus began a 150,000-mile, multi-year journey through unthriving America—urban and rural, black and white, from Lewiston, Maine, to Bakersfield, California, with many waypoints in between—that Mr Arnade has woven into “Dignity”, his deeply empathetic book…. To ruthlessly steal a metaphor from my friend and fellow short man Robert Reich, telling people what average income is can be like saying that LeBron James and I are on average six feet tall (I am five foot five). It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials. Clarity of presentation and research thoroughnes, Reviewed in the United States on June 6, 2020, Reviewed in the United States on May 11, 2020. Expanding the Earned Income Tax Credit could help achieve what he feels is an essential “economic dignity wage,” he noted. Gene Sperling was director of the National Economic Council under both President Obama (2011–2014) and President Clinton (1997–2001). Whether all boats are being lifted in the ways that matter most to people's lives is the test for whether economic growth is working-and never to be assumed to be a by-product of GDP. “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 … So yes, the review of all economic metrics was of course worthwhile. Gene Sperling shows why economic dignity should be our end goal and provides a compelling program to bring it within the grasp of all Americans. . For many years, I bought into the notion that the way to get beyond GDP as the end goal of the economic policy world was simply to push our focus toward other economic metrics that were better proxies for shared growth and shared prosperity. You're listening to a sample of the Audible audio edition. It is for that reason that this book will become required reading … I identified “economic dignity” in 2005 in my book The Pro-Growth Progressive as the first of three progressive values by which we should guide and judge economic success. 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. 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 . Median income can easily rise for a few years, even as Americans experience greater insecurity over health and retirement security, pessimism over the prospects for their children-not to mention rising health, childcare, and higher education costs that for many families can swamp an increase in wages. If, for example, the need to support family or to pursue economic potential leads millions to experience harmful abuse or harassment at work, or compromises their capacity to care for their children or other loved ones, why should that not be seen as a major economic issue-whether or not it shows up in a traditional economic metric? Economic dignity, Sperling maintains, can be seen as resting on three pillars. His argument combines moral and intellectual seriousness with actual high-level policy experience. Arguing with Zombies: Economics, Politics, and the Fight for a Better Future, The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes, The Velvet Rope Economy: How Inequality Became Big Business, Tiny Habits: The Small Changes That Change Everything, Think Like a Rocket Scientist: Simple Strategies You Can Use to Make Giant Leaps in Work and Life, The Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All, Reimagining Capitalism in a World on Fire, Evil Geniuses: The Unmaking of America: A Recent History, Gene Sperling was director of the National Economic Council under both President Obama (2011-2014) and President Clinton (1997-2001). It also analyzes reviews to verify trustworthiness. This is kind of a double-water metaphor: benefits to the most well-off will trickle down and thus create a rising tide benefitting everyone. It has also been used by some to argue that tax policies that benefit the most well-off will automatically lead to widely shared growth. Consider your own life. Changes in GDP may reflect the fortunes of the royal family but reveal little about the standard of living for the typical Saudi Arabian, especially women, who lack the most basic freedoms. The only logical end goal for economic policy in a democracy is that which lifts up what matters most in the lives of the people that policy is supposed to serve. The first: the capacity to care for family without economic deprivation denying people the capacity to experience its greatest joys – the birth of one’s children, the companionship of a loving partner, the love of family and friends, the fulfillment that comes from providing. Yet even those metrics are still means to larger economic ends-and have shortcomings when they are considered ends in themselves. Economic dignity, Sperling maintains, can be seen as resting on three pillars. It is the whole ball game, the only legitimate end goal of economic policy. . $5.00 extra savings coupon applied at checkout. Economic dignity, Sperling maintains, can be seen as resting on three pillars. It counts napalm and counts nuclear warheads and armored cars for the police to fight the riots in our cities. This present conversation focuses on Sperling’s book Economic Dignity. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. It is the power of economic dignity — which, he argues, should be “the singular end goal for economic policy.” It’s an important essay, because … But why? 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. Buy the Hardcover Book Economic Dignity by Gene Sperling at Indigo.ca, Canada's largest bookstore. Economic Dignity (Book) : Sperling, Gene B. : "When Gene Sperling was in charge of coordinating the shaping and execution of the US government's economic policy in the Obama White House, he found himself surprised and dismayed when serious people in Washington worried out loud to him that the Obama focus on health care was a distraction because it was "not focused on the economy." The notion is that hardheaded, serious economic thinkers focus on the core end goal of economic growth, and the idea of how well it spreads benefits to the large majority of a nation's people is for those who place softhearted politics over hardheaded economics. . The economics profession should do everything in its power to design economic indicators that paint a more refined and accurate picture of whether the quality of most people's lives is improving. There's a little dissonance in reading Gene Sperling's work on Economic Dignity as it does cover a lot of pertinent economic themes while at the same time knowing that he served in both the Clinton and Obama administration where little effort was made to ameliorate the conditions that Sperling describes. Sperling is the author of. Yet economics in practice is unusually focused on what can be counted, measured, added, and subtracted. In “Economic Dignity,” this consummate insider lays out an agenda closer to Sanders than to Biden. Median income avoids this problem: it tells us whether the typical American is making more or less income. Save an extra $5.00 when you apply this coupon. Your recently viewed items and featured recommendations, Select the department you want to search in, + No Import Fees Deposit & $9.98 Shipping to Thailand. File Name : economic-dignity.pdf Languange Used : English File Size : 47,6 Mb Total Download : 787 Read Online Download. If the number is moving toward 0, it means your nation is improving when it comes to economic inequality. Economic dignity, Sperling maintains, can be seen as resting on three pillars. A version of this actually happened: the World Bank estimates that the United States' Gini coefficient declined from 2007 to 2010 during the severe economic hardship of the Great Recession. Top subscription boxes – right to your door, Labor & Industrial Economic Relations (Books), © 1996-2020, Amazon.com, Inc. or its affiliates. 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 His argument combines moral and intellectual seriousness with actual high-level policy experience. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. Economic dignity, Sperling maintains, can … | ISBN 9781984879899 The first: the capacity to care for family without economic deprivation denying people the capacity to experience its greatest joys - the birth of one's children, the companionship of a loving partner, the love of family and friends, the fulfillment that comes from providing. . As painfully slow income growth over the last several decades has been one of the great drivers of economic inequality and insecurity for working families, sustained and robust increases in median income would clearly be a critical ingredient to more shared prosperity. I’m open minded but ideas, while some are decent, most are too liberal for me to take seriously. None of this is to suggest we should give up on economic metrics. It should be our North Star for the recovery and beyond.” —Hillary ClintonFrom 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 goal by which we chart America’s economic futureWhen Gene Sperling was in charge of coordinating the shaping and execution of the US government’s economic policy in the Obama White House, he found himself surprised and dismayed when serious people in Washington worried out loud to him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was millions of Americans’ fear that they were a single pink slip or a loved one’s serious illness away from financial ruin somehow not considered an economic issue? Feature will continue to load items when the enter key is pressed on economic dignity book ’ s book economic.! 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