Widening Inequality Combined with Modest Growth
AbstractThe author argues that inequality, combined with only modest growth, can have grave moral consequences. History suggests that, in the past, a rising standard of living has promoted tolerance for others, commitment to economic opportunity, and democracy. But stagnating incomes due to inequality can lead to the opposite outcomes. The nationâ€™s response to immigration is a good example, says the author.
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Bibliographic InfoPaper provided by Harvard University Department of Economics in its series Scholarly Articles with number 4554326.
Date of creation: 2009
Date of revision:
Publication status: Published in Challenge
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- Mukesh Sud & Craig VanSandt, 2011. "Of Fair Markets and Distributive Justice," Journal of Business Ethics, Springer, Springer, vol. 99(1), pages 131-142, February.
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