We discuss why have economists paid scant attention to the trends of rising income and wealth inequality over the past three decades or so in most of the western world, and espoused ‘free trade’ on grounds that it enhances overall economic growth; why have mainstream politicians ignored the plight of those on the losing side; and why have electorates acquiesced as inequality has widened.
Why Has Income Inequality Been Neglected in Economics and Public Policy?
Alacevich, Michele;
2018
Abstract
We discuss why have economists paid scant attention to the trends of rising income and wealth inequality over the past three decades or so in most of the western world, and espoused ‘free trade’ on grounds that it enhances overall economic growth; why have mainstream politicians ignored the plight of those on the losing side; and why have electorates acquiesced as inequality has widened.File in questo prodotto:
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