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Widening Inequality Combined with Modest Growth

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  • Friedman, Benjamin Morton

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.

Suggested Citation

  • Friedman, Benjamin Morton, 2009. "Widening Inequality Combined with Modest Growth," Scholarly Articles 4554326, Harvard University Department of Economics.
  • Handle: RePEc:hrv:faseco:4554326
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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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    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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