Enrichment

Are there good and bad causes of inequality?

Geoff Riley

30th December 2017

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"Economic inequality is a symptom of processes—some good, some bad—that drive the global economy. It’s the residue of a post-industrialized age." So argues Professor Angus Deaton in this excellent read.

Here are some reactions to the article:

As Angus Deaton says, it is not inequality per se but unfairness that does the real damage to societies https://t.co/TfvQPRwSjK
— Dani Rodrik (@rodrikdani) December 29, 2017

Unfairness in the rules governing the economy are the root cause of long term wage stagnation (rather than inequality, globalisation or tech), says Nobel-winner Angus Deaton. And they're fixable. https://t.co/Y5PtxriHsn
— Gavin Kelly (@GavinJKelly1) December 28, 2017

“Inequality is not the same thing as unfairness; it is the latter that has incited so much political turmoil in the rich world today,” Angus Deaton on good/bad causes of inequality & what to do about the bad ones https://t.co/WdTZ8P424G
— duncangreenlse.bsky.social (@fp2p) December 29, 2017

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff