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Growth, Inequality, and Globalization

Author

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  • Aghion,Philippe
  • Williamson,Jeffrey G.

Abstract

The question of how inequality is generated and how it reproduces over time has been a major concern for social scientists for more than a century. Yet the relationship between inequality and the process of economic development is far from being well understood. These Raffaele Mattioli Lectures have brought together two of the world's leading economists, Professors Philippe Aghion (a theorist) and Jeffrey Williamson (an economic historian), to question the conventional wisdom on inequality and growth, and address its inability to explain recent economic experience. Professor Aghion assesses the affects of inequality on growth, and asks whether inequality matters: if so why is excessive inequality bad for growth, and is it possible to reconcile aggregate findings with macroeconomic theories of incentives? In the second part Jeffrey Williamson discusses the Kuznets hypothesis, and focuses on the causes of the rise of wage and income inequality in developed economies.

Suggested Citation

  • Aghion,Philippe & Williamson,Jeffrey G., 1999. "Growth, Inequality, and Globalization," Cambridge Books, Cambridge University Press, number 9780521659109.
    • Handle: RePEc:cup:cbooks:9780521659109
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    Cited by:

    1. Allen, Robert C. & Murphy, Tommy E. & Schneider, Eric B., 2012. "The Colonial Origins of the Divergence in the Americas: A Labor Market Approach," The Journal of Economic History, Cambridge University Press, vol. 72(4), pages 863-894, December.
    2. Eicher, Theo S. & Garcia-Penalosa, Cecilia, 2001. "Inequality and growth: the dual role of human capital in development," Journal of Development Economics, Elsevier, vol. 66(1), pages 173-197, October.
    3. Stefano Battiston & Joao F. Rodrigues & Hamza Zeytinoglu, 2007. "The Network Of Inter-Regional Direct Investment Stocks Across Europe," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 10(01), pages 29-51.
    4. Fernando A. Noriega Ureña & Ramón Tirado Jiménez, 2003. "Growth, Unemployment And Nonexistence Of Labor Market In A Ramsey Type Model," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 2(1), pages 3-22, Marzo 200.
    5. Filippo Gusella & Anna Maria Variato, 2021. "Financial Instability and Income Inequality: why the connection Minsky-Piketty matters for Macroeconomics," Working Papers - Economics wp2021_15.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    6. Joachim Merz, 2004. "Einkommens‐Reichtum in Deutschland – Mikroanalytische Ergebnisse der Einkommensteuerstatistik für Selbständige und abhängig Beschäftigte," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 5(2), pages 105-126, May.
    7. Smith, Aaron C.T. & Stewart, Bob & Oliver-Bennetts, Sunny & McDonald, Sharyn & Ingerson, Lynley & Anderson, Alastair & Dickson, Geoff & Emery, Paul & Graetz, Fiona, 2010. "Contextual influences and athlete attitudes to drugs in sport," Sport Management Review, Elsevier, vol. 13(3), pages 181-197, August.

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