Myths Of Rich And Poor: Why We're Better Off Than We Think

(Paperback)

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A leading economist and a top economic journalist show that contrary to conventional wisdom, America is at the peak of its economic well-being, with more opportunity for more people than at any other time in our history.. Popular wisdom holds that the years since 1973the end of the postwar miraclehave been a time of economic decline and stagnation: lackluster productivity, falling real wages, and lost competitiveness. The rich have gotten richer, the poor have gotten poorer, and most of us have barely held on while watching all the best jobs disappear overseas.As Myths of Rich and Poor demonstrates, this picture is not just wrong, its spectacularly wrong. The hard numbers, simple facts, and iconoclastic arguments of this book will change the way you think about the American economy.

Author Bio

W. Michael Cox is senior vice president and chief economist of the Federal Reserve Bank of Dallas. He has written for The New York Times and was interviewed in Wired magazine his annual reports for the Federal Reserve Bank are often controversial and receive nationwide publicity.Richard Alm is a business reporter with the Dallas Morning News.