Coverart for item
The Resource The Wal-Mart revolution : how big-box stores benefit consumers, workers, and the economy, Richard Vedder and Wendell Cox

The Wal-Mart revolution : how big-box stores benefit consumers, workers, and the economy, Richard Vedder and Wendell Cox

Label
The Wal-Mart revolution : how big-box stores benefit consumers, workers, and the economy
Title
The Wal-Mart revolution
Title remainder
how big-box stores benefit consumers, workers, and the economy
Statement of responsibility
Richard Vedder and Wendell Cox
Creator
Contributor
Subject
Language
eng
Summary
Wal-Mart and other big-box discount retailers such as Target or Home Depot have been vilified as selfish retailers that mistreat their workers, outsource American jobs, uproot communities, and harm the poor. Others, however, argue that these stories have improved Americans' standard of living, especially among the less affluent. Which of these competing visions is correct? Is Wal-Mart a ford for good or evil? Is it a saint of a sinner? In the Wal-Mart Revolution, Richard Vedder and Wendell Cox present a comprehensive and balanced account of the dramatic changes, transforming American retailing. Vedder and Cox analyze the best available economic data and conclude that American consumers -- particularly the less affluent -- have benefited tremendously from Wal-Mart's "everyday low prices"; American consumers save tens of billions of dollars annually from the lower prices that Wal-Mart and other big-box retailers offer. Wal-Mart has also been a generally good employer, paying competitive market wages and offering fringe benefits (including health care) roughly comparable to other retailers. New Wal-Mart stores benefit local communities by boosting employment and income levels while providing local consumers lower prices and expanded product choices. Opposition to Wal-Mart is the latest chapter in a long history of resistance to retail innovation in America. In the late nineteenth century, local retailers complained about mail order competitors such as Sears, Roebuck. In the 1920s and 1930s, small grocery stores bitterly fought the growth of chain groceries like the A & P. Today, anti-Wal-Mart forces use zoning laws, mandatory health insurance requirements, and higher minimum wag requirements for large retailers to reduce Wal-Mart's competitive advantage. Sam Walton was a great entrepreneur, and his relentless quest for efficiency created tremendous improvements in retail trade productivity that have raised America's GDP by hundreds of billions of dollars annually. Millions of Americans have enjoyed higher incomes, expanded consumer choices, and cheaper prices as a result. Certainly there have been losers from this process as well -- small businesses unable to compete with Wal-Mart-- but for every loser there have been many winners. The Wal-Mart revolution, on balance, has improved American lives. -- Publisher description
Cataloging source
DLC
Dewey number
381/.1490973
Illustrations
illustrations
Index
index present
LC call number
HF5429.215.U6
LC item number
V43 2006
Literary form
non fiction
Nature of contents
bibliography
Label
The Wal-Mart revolution : how big-box stores benefit consumers, workers, and the economy, Richard Vedder and Wendell Cox
Link
http://catdir.loc.gov/catdir/toc/ecip074/2006036035.html
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 181-199) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Introduction :
  • Wal-Mart and the big-box discount store revolution :
  • Wal-Mart and its imitators : saints or sinners?
  • The
  • genesis of the big-box revolution
  • The
  • economic impact of Wal-Mart and other big-box stores
  • What should we do about Wal-Mart?
  • supply side
  • Spillover effects, or "externalities"
  • Public attitudes concerning retail trade in America
  • Conclusions ;
  • 2.
  • Wal-Mart and its critics
  • The
  • criticisms
  • The
  • intensity of the rhetoric
  • Pt. 1, Why Wal-Mart matters :
  • Who are the critics?
  • Tactics of Wal-Mart's critics : litigation and legislative changes
  • Conclusions
  • 1. The
  • importance of retail innovations :
  • The
  • economic importance of retail trade
  • The
  • discount revolution and consumer surplus
  • The
  • Retail trade growth since 1965 : an overview
  • Sam Walton
  • The
  • growth of Wal-Mart
  • Conclusions ;
  • 5.
  • Imitators and innovators
  • The
  • rise of big-box stores : Wal-Mart's competitors
  • Discount department stores and supercenters
  • Pt. 2, The Wal-Mart revolution :
  • Membership warehouses
  • Specialty big-box stores : home improvement
  • Specialty retailers : consumer electronics
  • Specialty stores : office supplies
  • Other specialty operators
  • The
  • next generation of retailing?
  • Conclusions
  • 3. A
  • history of retail innovation in America before Wal-Mart :
  • Retailing in America before Wal-Mart
  • Retailing at the beginning of the discount age
  • Conclusions ;
  • 4. The
  • Wal-Mart story :
  • 7.
  • Competition and communities
  • Some analysis of store openings
  • Findings of other scholarly researchers
  • Wal-Mart and its suppliers
  • Conclusions ;
  • 8.
  • Wal-Mart and the poor
  • Wal-Mart's customers
  • Implications for policy
  • Pt. 3, Wal-Mart : good or bad? :
  • Wal-Mart and public assistance
  • Conclusions ;
  • 9. The
  • discount revolution in broader economic context
  • Estimating broader economic effects : some issues
  • The
  • big-box discount revolution and productivity change
  • Broader economic effects : social savings of modern discount stores
  • Conclusions
  • 6.
  • Employment and wage effects of discount stores :
  • Employment in retail trade
  • Employment effects of Wal-Mart
  • Are Wal-Mart workers underpaid?
  • Fringe benefits
  • Conclusions ;
  • International labor standards : better life or more poverty?
  • Conclusions ;
  • 11.
  • Critiquing the critics
  • Assessing the criticisms of Wal-Mart and other big-box discounters
  • Conclusions
  • 12.
  • What should we do about Wal-Mart?
  • Policies relating to employee relations
  • Wal-Mart's impact on communities and the environment
  • Pt. 4, The future of Wal-Mart :
  • Policies regarding globalization and overseas worker standards
  • Should Wal-Mart enter banking?
  • The
  • other side of the coin : subsidizing Wal-Mart or other stores
  • Leveling the playing field : stop subsidizing Wal-Mart's critics
  • Appeasing the unappeasable : Wal-Mart's public relations campaign
  • The
  • future of Wal-Mart and other big-box discounters
  • Conclusions
  • 10.
  • Wal-Mart and the world
  • The
  • rise of big-box stores in Europe
  • International big-box firms
  • International big-box specialty stores
  • International purchasing by big-box operators
Control code
ocm76073715
Dimensions
23 cm
Extent
xvi, 210 pages
Isbn
9780844742441
Lccn
2006036035
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)76073715
Label
The Wal-Mart revolution : how big-box stores benefit consumers, workers, and the economy, Richard Vedder and Wendell Cox
Link
http://catdir.loc.gov/catdir/toc/ecip074/2006036035.html
Publication
Bibliography note
Includes bibliographical references (pages 181-199) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Introduction :
  • Wal-Mart and the big-box discount store revolution :
  • Wal-Mart and its imitators : saints or sinners?
  • The
  • genesis of the big-box revolution
  • The
  • economic impact of Wal-Mart and other big-box stores
  • What should we do about Wal-Mart?
  • supply side
  • Spillover effects, or "externalities"
  • Public attitudes concerning retail trade in America
  • Conclusions ;
  • 2.
  • Wal-Mart and its critics
  • The
  • criticisms
  • The
  • intensity of the rhetoric
  • Pt. 1, Why Wal-Mart matters :
  • Who are the critics?
  • Tactics of Wal-Mart's critics : litigation and legislative changes
  • Conclusions
  • 1. The
  • importance of retail innovations :
  • The
  • economic importance of retail trade
  • The
  • discount revolution and consumer surplus
  • The
  • Retail trade growth since 1965 : an overview
  • Sam Walton
  • The
  • growth of Wal-Mart
  • Conclusions ;
  • 5.
  • Imitators and innovators
  • The
  • rise of big-box stores : Wal-Mart's competitors
  • Discount department stores and supercenters
  • Pt. 2, The Wal-Mart revolution :
  • Membership warehouses
  • Specialty big-box stores : home improvement
  • Specialty retailers : consumer electronics
  • Specialty stores : office supplies
  • Other specialty operators
  • The
  • next generation of retailing?
  • Conclusions
  • 3. A
  • history of retail innovation in America before Wal-Mart :
  • Retailing in America before Wal-Mart
  • Retailing at the beginning of the discount age
  • Conclusions ;
  • 4. The
  • Wal-Mart story :
  • 7.
  • Competition and communities
  • Some analysis of store openings
  • Findings of other scholarly researchers
  • Wal-Mart and its suppliers
  • Conclusions ;
  • 8.
  • Wal-Mart and the poor
  • Wal-Mart's customers
  • Implications for policy
  • Pt. 3, Wal-Mart : good or bad? :
  • Wal-Mart and public assistance
  • Conclusions ;
  • 9. The
  • discount revolution in broader economic context
  • Estimating broader economic effects : some issues
  • The
  • big-box discount revolution and productivity change
  • Broader economic effects : social savings of modern discount stores
  • Conclusions
  • 6.
  • Employment and wage effects of discount stores :
  • Employment in retail trade
  • Employment effects of Wal-Mart
  • Are Wal-Mart workers underpaid?
  • Fringe benefits
  • Conclusions ;
  • International labor standards : better life or more poverty?
  • Conclusions ;
  • 11.
  • Critiquing the critics
  • Assessing the criticisms of Wal-Mart and other big-box discounters
  • Conclusions
  • 12.
  • What should we do about Wal-Mart?
  • Policies relating to employee relations
  • Wal-Mart's impact on communities and the environment
  • Pt. 4, The future of Wal-Mart :
  • Policies regarding globalization and overseas worker standards
  • Should Wal-Mart enter banking?
  • The
  • other side of the coin : subsidizing Wal-Mart or other stores
  • Leveling the playing field : stop subsidizing Wal-Mart's critics
  • Appeasing the unappeasable : Wal-Mart's public relations campaign
  • The
  • future of Wal-Mart and other big-box discounters
  • Conclusions
  • 10.
  • Wal-Mart and the world
  • The
  • rise of big-box stores in Europe
  • International big-box firms
  • International big-box specialty stores
  • International purchasing by big-box operators
Control code
ocm76073715
Dimensions
23 cm
Extent
xvi, 210 pages
Isbn
9780844742441
Lccn
2006036035
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)76073715

Library Locations

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