The Inclusive Economy: How to Bring Wealth to America's Poor

The Inclusive Economy: How to Bring Wealth to America's Poor

by Michael D. Tanner
The Inclusive Economy: How to Bring Wealth to America's Poor

The Inclusive Economy: How to Bring Wealth to America's Poor

by Michael D. Tanner

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Overview

Author Michael Tanner offers a new anti-poverty agenda that includes criminal justice reform, educational freedom, housing deregulation, banking reform, and more inclusive growth.The Inclusive Economy: How to Bring Wealth to America’s Poor energetically challenges the conventional wisdom of both the right and the left that underlies much of the contemporary debate over poverty and welfare policy. National public policy expert Michael Tanner takes to task conservative critiques of a “culture of poverty” for their failure to account for the structural circumstances in which the poor live. In addition, he criticizes liberal calls for fighting poverty primarily through greater redistribution of wealth and new government programs.Rather than engaging in yet another debate over which government programs should be increased or decreased by billions of dollars, Tanner calls for an end to policies that have continued to push people into poverty. Combining social justice with limited government, his plan includes reforming the criminal justice system and curtailing the War on Drugs, bringing down the cost of housing, reforming education to give more control and choice to parents, and making it easier to bank, save, borrow, and invest.The comprehensive evidence provided in The Inclusive Economy is overwhelming: economic growth lifts more people out of poverty than any achievable amount of redistribution does. As Tanner notes, “we need a new debate, one that moves beyond our current approach to fighting poverty to focus on what works rather than on noble sentiments or good intentions.” The Inclusive Economy is a major step forward in that debate.

Product Details

ISBN-13: 9781948647977
Publisher: Cato Institute
Publication date: 05/15/2020
Pages: 328
Product dimensions: 6.11(w) x 9.08(h) x 0.86(d)

About the Author

Michael Tanner is a senior fellow at the Cato Institute where he heads research into a variety of domestic policies with a particular emphasis on poverty and social welfare policy, health care reform, and Social Security. Tanner is the author of numerous other books on public policy, including Going for Broke: Deficits, Debt, and the Entitlement Crisis, Leviathan on the Right: How Big-Government Conservatism Brought Down the Republican Revolution, Healthy Competition: What’s Holding Back Health Care and How to Free It, The Poverty of Welfare: Helping Others in Civil Society, and A New Deal for Social Security.

Table of Contents

Preface1. Introduction2. A History of Thinking about Poverty and Policy3. The Cultural or Individual Behavior Theory of Poverty4. Structural Poverty: Race, Gender, and Economic Dislocation5. The Limits of Redistribution6. Fighting Poverty through Criminal Justice Reform7. Improving Human Capital: The Importance of Education Freedom8. Reducing the Cost of Housing through Deregulation9. Savings and the Accumulation of Wealth10. The Ultimate Answer: Inclusive Economic Growth11. Looking Ahead
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