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You might take another look at the second half of the article, as it directly addresses the "perceived...tradeoff between equity and economic growth", and why i
by scottostler 16y ago
You might take another look at the second half of the article, as it directly addresses the "perceived...tradeoff between equity and economic growth", and why income inequality is relevant.
I personally wouldn't go to an op-ed column for analysis on this kind of issue, but Kristof certainly addressed the matter.
- drcode 16y agoNo, he makes the claim that "inequality we’ve now reached may actually suppress growth" and as evidence he cites a study that shows areas with inequality have more bankruptcies. What does the rate of bankruptcies have to do with growth? I would expect MORE bankruptcies in a place that has high growth.