Growth, Inequality, and Globalization: Theory, History, and Policy (Raffaele Mattioli Lectures) - Hardcover

Aghion, Philippe; Williamson, Jeffrey G.

Hardcover

ISBN 10: 0521650704 ISBN 13: 9780521650700

Publisher: Cambridge University Press, 1999

Synopsis

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. Yet the relationship between inequality and the process of economic development is far from being well understood. These Raffaele Mattioli Lectures have brought together two of the world's leading economists, Professors Philippe Aghion (a theorist) and Jeffrey Williamson (an economic historian), to 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: if so why is excessive inequality bad for growth, and is it possible to reconcile aggregate findings with macroeconomic theories of incentives? In the second part Jeffrey Williamson discusses the Kuznets hypothesis, and focuses on the causes of the rise of wage and income inequality in developed economies.

About this title

Review

"Recommended for upper-division undergraduate and graduate collections." Choice

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. This concise exposition of major themes is accessible to policy-makers, professional economists and students.

Edition details

• Publisher: Cambridge University Press
• Publication date: 1999
• Language: English
• ISBN 10: 0521650704
• ISBN 13: 9780521650700
• Binding: Hardcover
• Number of pages: 216