Discontents

Gentrification is transforming cities, small and large, across the country. Though it's easy to bemoan the diminished social diversity and transformation of commercial strips that often signify a gentrifying neighborhood, determining who actually benefits and who suffers from this nebulous process can be much harder. The full story of gentrification is rooted in large-scale social and economic forces as well as in extremely local specifics—in short, it's far more complicated than both its supporters and detractors allow.

In this crucial expansion and update of his landmark bestseller, renowned economist and Nobel Prize winner Joseph E. Stiglitz addresses globalization’s new discontents in the United States and Europe. Immediately upon publication, Globalization and Its Discontents became a touchstone in the globalization debate by demonstrating how the International Monetary Fund, other major institutions like the World Bank, and global trade agreements have often harmed the developing nations they are supposedly helping.