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The Cost of Living Crisis: (and how to get out of it) by Costas Lapavitsas at Abbey's Bookshop,
The Cost of Living Crisis: (and how to get out of it)
— —
Costas Lapavitsas James Meadway

The Cost of Living Crisis

and how to get out of it

Costas Lapavitsas,  James Meadway,  Doug Nicholls

$16.99

Paperback

Not in-store but you can order this
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English
Verso Books
01 August 2023
Socialism & left-of-centre democratic ideologies; Financial crises & disasters
"We are living through a cost of living crisis, with interest rate hikes and the prices of everyday consumables and energy bills sky-rocketing. Why is this happening? Sometimes we are told that wages are too high, or that the government has ""printed"" too much money or that events far away, such as the war in Ukraine, are solely to blame. The plain argument that high prices go together with high profits, falling wages, and weak production is often distorted and hidden by mainstream commentary in the media and elsewhere.

This plain-speaking pamphlet tells it straight: the big businesses dominating production and distribution make huge profits out of high inflation, while working people lose out. It sets out factual evidence to illustrate that the source of record profits is the fall in real wages as inflation rises. A large part of the income of working people is being transferred directly into the profits of big business. The pamphlet shows that the deeper roots of the ""cost of living crisis"" lie in the very low investment and poor productivity growth for many years. The basic steps to resolving the crisis are simple: prices, especially of essentials, must be brought down, and wages, salaries, benefits, and pensions must be increased."
By:   , ,
Imprint:   Verso Books
Country of Publication:   United Kingdom
Dimensions:   Height: 178mm,  Width: 111mm, 
Weight:   74g
ISBN:   9781804293843
ISBN 10:   1804293849
Pages:   80
Publication Date:  
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Active

Costas Lapavitsas is Professor of Economics at the School of Oriental and African Studies and convenor at European Research Network on Social and Economic Policy, and the author of Profiting Without Producing. James Meadway is Director of the Progressive Economy Forum, and former adviser to the former Shadow Chancellor John McDonnell MP. Doug Nicholls is General Secretary of the General Federation of Trade Unions.

Reviews for The Cost of Living Crisis: (and how to get out of it)

[An] excellent little book -- Will Podmore * The Morning Star * A small book with a mighty big punch ... Closely argued in clear, accessible language, [The Cost of Living Crisis] demolishes the decades-old lie that wage rises are the source of inflation, and backs that case with hard facts. * Scottish Socialist Voice *


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