2016 Chapters (Layout Features)
Inequality and Economic Growth
This chapter argues in favour of alternative explanations of inequality, with particular reference to the theory of rent-seeking and to the influence of institutional and political factors, which have shaped labour markets and patterns of remuneration. And it shows that, far from being either necessary or good for economic growth, excessive inequality tends to lead to weaker economic performance. In light of this, it argues for a range of policies that would increase both equity and economic well-being.
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Also Published In
- Rethinking Capitalism
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- Published Here
- April 15, 2019
Also published in Chinese in Comparative Economic & Social Systems.