Two of the world's leading economists, Philippe Aghion (a theorist) and Jeffrey Williamson (an economic historian), jointly question the conventional wisdom on inequality and growth, and address its inability to explain recent economic experience. Aghion assesses the effects of inequality on growth, and asks whether inequality matters: is excessive inequality bad for growth, and is it possible to reconcile aggregate findings with microeconomic theories of incentives? Jeffrey Williamson then discusses the Kuznets hypothesis, and focuses on the causes of wage and income inequality in developed economies.
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Book Description
Two of the world's leading economists, Professors Philippe Aghion (a theorist) and Jeffrey Williamson (an economic historian), jointly 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: is excessive inequality bad for growth, and is it possible to reconcile aggregate findings with mcroeconomic theories of incentives? Jeffrey Williamson then discusses the Kuznets hypothesis, and focuses on the causes of wage and income inequality in developed economies.
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First Sentence:
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. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
real wage dispersion, living standard convergence, globalization through trade, upgraded workers, real wage convergence, secular convergence, grain invasion, factor price convergence, globalization boom, embodied technical change, real wage data, policy backlash, falling inequality, globalization backlash, negative incentive effect, wage inequality, inequality trends, skill premium, macroeconomic volatility Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, New World, World War, Old World, Journal of Political Economy, Third World, American Economic Review, Great Britain, Latin America, North America, Oxford University Press, World Bank, Journal of Economic History, Kevin O'Rourke, United Kingdom, Cambridge University Press, National Bureau of Economic Research, New York, The Netherlands, Brookings Papers, Quarterly Journal of Economics, Review of Economic Studies, Adrian Wood, Year Figure, Clarendon Press New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
real wage dispersion, living standard convergence, globalization through trade, upgraded workers, real wage convergence, secular convergence, grain invasion, factor price convergence, globalization boom, embodied technical change, real wage data, policy backlash, falling inequality, globalization backlash, negative incentive effect, wage inequality, inequality trends, skill premium, macroeconomic volatility Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, New World, World War, Old World, Journal of Political Economy, Third World, American Economic Review, Great Britain, Latin America, North America, Oxford University Press, World Bank, Journal of Economic History, Kevin O'Rourke, United Kingdom, Cambridge University Press, National Bureau of Economic Research, New York, The Netherlands, Brookings Papers, Quarterly Journal of Economics, Review of Economic Studies, Adrian Wood, Year Figure, Clarendon Press New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 25
books:
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3
books
cite this book:
- Economic Growth by Robert J. Barro on page 194, and page 198
- The Great Famine (British Parliamentary Papers) on page 148, and page 151
- The Economic History of Britain Since 1700, Volume 3: 1939-1992 by Roderick Floud on page 196
- Bertil Ohlin: Critical Assessments in Four Volumes (Critical Assessments of Leading Economists) by John Cunningham Wood on page 176
- Frontiers of Economic Knowledge: Essays (National Bureau of Economic Research) by Arthur F. Burns on page 195
See all 25 books this book cites
- Return of the "L" Word: A Liberal Vision for the New Century by Douglas S. Massey on page 191
- The Latin American Competitiveness Report 2001-2002 (World Economic Forum) by World Economic Forum on page 28
- Neoliberal Democratization And New Authoritarianism by Dennis C. Canterbury in Back Matter
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