Deaths of Despair and the Future of Capitalism

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New York Times Bestseller

Wall Street Journal Bestseller

A New York Times Book Review Editors' Choice

Sunday Times Best Business Books of 2020

New York Times Notable 100

Science News Favorite Books of 2020

Inside Higher Ed, Best Books of 2020

Longlisted for the Financial Times Business Book of the Year Award 2020

From economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working class

Life expectancy in the United States has recently fallen for three years in a row - a reversal not seen since 1918 or in any other wealthy nation in modern times. In the past two decades, deaths of despair from suicide, drug overdose, and alcoholism have risen dramatically, and now claim hundreds of thousands of American lives each year - and they're still rising.

Anne Case and Angus Deaton, known for first sounding the alarm about deaths of despair, explain the overwhelming surge in these deaths and shed light on the social and economic forces that are making life harder for the working class. They demonstrate why, for those who used to prosper in America, capitalism is no longer delivering.

Deaths of Despair and the Future of Capitalism paints a troubling portrait of the American dream in decline. For the white working class, today's America has become a land of broken families and few prospects. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. In this critically important book, Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and, above all, to a rapacious healthcare sector that redistributes working class wages into the pockets of the wealthy.

Capitalism, which over two centuries lifted countless people out of poverty, is now destroying the lives of blue collar America. This book charts a way forward, providing solutions that can rein in capitalism's excesses and make it work for everyone.

Book details and technical specifications

Format: Paperback / softback
ISBN13: 9780691207827
Published: May 2020

Number of pages: 288
Width: 155 mm
Height: 234 mm
Depth: not specified

Publisher: Princeton University Press