Inequality and Growth: Patterns and Policy Volume II: Regions and Regularities /

• Corporate Author: SpringerLink (Online service)
• Other Authors: Basu, Kaushik (Editor), Stiglitz, Joseph E. (Editor)
• Format: Electronic eBook
• Language: English
• Published: London : Palgrave Macmillan UK : Imprint: Palgrave Macmillan, 2016.
• Series: International Economics Association
• Subjects: Economic theory.; Welfare economics.; Macroeconomics.; Development economics.; Regional economics.; Spatial economics.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Regional/Spatial Science.; Development Economics.; Social Choice/Welfare Economics/Public Choice.; Economic Theory/Quantitative Economics/Mathematical Methods.

It was a part of the wisdom of mainstream economics that in the early stages of development inequality would rise but, as growth persisted, it would, eventually, decline. Early evidence seemed to suggest that this pattern would be borne out. But, as time passed and growth persisted, inequality conti...