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1、ALSOBYJOSEPHE.STIGLITZFreefall:America,FreeMarkets,andtheSinkingoftheWorldEconomyTheThreeTrillionDollarWar:TheTrueCostoftheIraqConflict(withLindaJ.Bilmes)MakingGlobalizationWorkTheRoaringNinetiesGlobalizationandItsDiscontents2THEPRICEOFINEQUALITYJOSEPHE.STIGLITZW.W.NORTON&COM
2、PANYNEWYORKLONDON3ToSiobhanandMichaelandEdwardandJulia,Inthehopesthattheywillinheritaworldandacountrythatarelessdivided4CONTENTSPREFACEACKNOWLEDGMENTSChapterOneAMERICA’S1PERCENTPROBLEMChapterTwoRENTSEEKINGANDTHEMAKINGOFANUNEQUALSOCIETYChapterThreeMARKETSANDINEQUALITYChapterFo
3、urWHYITMATTERSChapterFiveADEMOCRACYINPERILChapterSix1984ISUPONUSChapterSevenJUSTICEFORALL?HOWINEQUALITYISERODINGTHERULEOFLAWChapterEightTHEBATTLEOFTHEBUDGETChapterNineAMACROECONOMICPOLICYANDACENTRALBANKBYANDFORTHE1PERCENTChapterTenTHEWAYFORWARD:ANOTHERWORLDISPOSSIBLENOTES5IND
4、EX6PREFACETHEREAREMOMENTSINHISTORYWHENPEOPLEALLovertheworldseemtoriseup,tosaythatsomethingiswrong,toaskforchange.Thisiswhathappenedinthetumultuousyears1848and1968.Eachoftheseyearsofupheavalmarkedthebeginningofanewera.Theyear2011mayprovetobeanothersuchmoment.Ayouthuprisingthat
5、beganinTunisia,alittlecountryonthecoastofNorthAfrica,spreadtonearbyEgypt,thentoothercountriesoftheMiddleEast.Insomecases,thesparkofprotestseemedatleasttemporarilydoused.Inothers,though,smallprotestsprecipitatedcataclysmicsocietalchange,takingdownlong-establisheddictatorssucha
6、sEgypt’sHosniMubarakandLibya’sMuammarQaddafi.SoonthepeopleofSpainandGreece,theUnitedKingdom,andtheUnitedStates,andothercountriesaroundtheworld,hadtheirownreasonstobeinthestreets.Throughout2011,IgladlyacceptedinvitationstoEgypt,Spain,andTunisiaandmetwithprotestersinMadrid’sBue
7、nRetiroPark,atZuccottiParkinNewYork,andinCairo,whereIspokewithyoungmenandwomenwhohadbeenatTahrirSquare.Aswetalked,itwascleartomethatwhilespecificgrievancesvariedfromcountrytocountryand,inparticular,thatthepoliticalgrievancesintheMiddleEastwereverydifferentfromthoseintheWest,t
8、hereweresomesharedthemes.Therewasacommonunderstandingthatinmanywayst
