Inequality in opportunity and income is known to be involving significant social and economic costs. The main theme of this book had been focused on the fact that economic and political forces have contributed in shaping and reinforcing the limit up to which income concentrates at the top most level. In consideration with this theme, this is protected and generated by institutes within which the richer population of the society is known to be exerting considerable impact in designing and implementing the policies of the public.
Apart from this theme, the main theme of this book also revolves around the fact that unfettered powers and deregulations of the market have resulted in giving rise to an inefficient and unjust system of economy. In addition to this, it has been considered that the powerful impact the process of decision making and there is promotion of economic interest at the cost of the entire population.
With respect to this theme, the author has turned his analysis over the reasons behind inequality in the distribution of income and has been evolving since a number of decades and more considerably, what role will be played by public policies for addressing the challenge in a significant manner (Stiglitz, 56). There has been development of an argument regarding political economy, the essence and beauty of which is that the policies of government hold the responsibility for the creation and perpetuation of inequalities within the amount of income. This book has outlined the underlying reasons of current deterioration in distribution of income towards measures driven ideologically with respect to right wing economists and politicians for dismantling the regulations and programs of the government that had been instrumental in order to address the issues related to excessive inequality in opportunity and income.