Widening Inequality Combined with Modest Growth
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 nationâ€™s response to immigration is a good example, says the author.
|Date of creation:||2009|
|Date of revision:|
|Publication status:||Published in Challenge|
|Contact details of provider:|| Postal: Littauer Center, Cambridge, MA 02138|
Web page: http://www.economics.harvard.edu/
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