From the United States to the United Kingdom and from China to India, growing inequality has led to social discontent and the emergence of populist parties, also contributing to economic crises. We urgently need a better understanding of the roots and costs of these income gaps.…
"Richer nations are happier, yet economic growth doesn't increase happiness. This paradox is explained by the 'hidden wealth of nations'--the extent to which citizens get along with others independently drives both economic growth and well-being. Much of this hidden wealth is ex…
"Richer nations are happier, yet economic growth doesn't increase happiness. This paradox is explained by the 'hidden wealth of nations'--the extent to which citizens get along with others independently drives both economic growth and well-being. Much of this hidden wealth is ex…
Soaring income inequality and unemployment, expanding populations of the displaced and imprisoned, accelerating destruction of land and water bodies: today's socioeconomic and environmental dislocations cannot be fully understood in the usual terms of poverty and injustice, acco…
Soaring income inequality and unemployment, expanding populations of the displaced and imprisoned, accelerating destruction of land and water bodies: today's socioeconomic and environmental dislocations cannot be fully understood in the usual terms of poverty and injustice, acco…
"Thomas Piketty wrote The Economics of Inequality as an introduction to the conceptual and factual background necessary for interpreting changes in economic inequality over time. Piketty begins by explaining how inequality evolves and how economists measure it. In subsequent cha…
"Over the past thirty years, the issue of economic inequality has emerged from the backwaters of economics to claim center stage in the political discourse of America and beyond--a change prompted by a troubling fact: numerous measures of income inequality, especially in the Uni…
