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Widening Inequality Combined with Modest Growth

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  • Friedman, Benjamin Morton
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    Abstract

    The 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 nation’s response to immigration is a good example, says the author.

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    File URL: http://dash.harvard.edu/bitstream/handle/1/4554326/1275078466-Widening%20Equality%20Combined%20with%20Modest%20Growth.pdf
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    Bibliographic Info

    Paper provided by Harvard University Department of Economics in its series Scholarly Articles with number 4554326.

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    Date of creation: 2009
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    Publication status: Published in Challenge
    Handle: RePEc:hrv:faseco:4554326

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    Cited by:
    1. Mukesh Sud & Craig VanSandt, 2011. "Of Fair Markets and Distributive Justice," Journal of Business Ethics, Springer, vol. 99(1), pages 131-142, February.

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