Ebook: The New Wealth of Nations

In Imagine There's No Country: Poverty, Inequality, and Growth in the Era of Globalization, published by the Petersen Institute in 2002, the author had discussed the effects of globalization on the world's economies, especially the economies in the developing world. This book also introduced an economic, and empirical, definition of the term 'middle class'.
Second among Equals advances the concept and definition of the middle class and measures the role the middle class has played in the fortunes of societies since 1500 AD. The first scholar to define, and discuss, the importance of the middle class was Aristotle, circa 350 BC.
There is an intimate relationship between the development of the middle class and economic development. This link is explored in depth in Second among Equals. Further, a division of the world's population into four classes—the absolute poor, the emerging middle class, the middle class and the rich—can help answer some questions...