{"product_id":"the-cost-of-living-crisis-and-how-to-get-out-of-it-paperback","title":"The Cost of Living Crisis: (And How to Get Out of It) - Paperback","description":"\u003cp\u003eby \u003cb\u003eCostas Lapavitsas\u003c\/b\u003e (Author), \u003cb\u003eJames Meadway\u003c\/b\u003e (Author), \u003cb\u003eDoug Nicholls\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eA myth-busting pamphlet that charts a course out of the current cost of living crisis, focusing on Britain's current economic situation\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eWe 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? \u003cp\u003e\u003c\/p\u003eSometimes 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. \u003cp\u003e\u003c\/p\u003eThis 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. \u003cp\u003e\u003c\/p\u003eA 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.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eCostas Lapavitsas\u003c\/b\u003e 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 \u003ci\u003eProfiting Without Producing\u003c\/i\u003e. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cb\u003eJames Meadway\u003c\/b\u003e is Director of the Progressive Economy Forum, and former adviser to the former Shadow Chancellor John McDonnell MP. \u003cp\u003e\u003c\/p\u003e\u003cb\u003eDoug Nicholls\u003c\/b\u003e is General Secretary of the General Federation of Trade Unions.\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 80\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.4 x 6.8 x 4.3 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e June 06, 2023\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51772650094880,"sku":"9781804293843","price":12.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/571687c74aa32e83d99f8bd23c2a0a10.webp?v=1780410433","url":"https:\/\/ebocreations.com\/products\/the-cost-of-living-crisis-and-how-to-get-out-of-it-paperback","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}