Inequality and Growth: Patterns and Policy

Volume I: Concepts and Analysis

  • Kaushik Basu
  • Joseph E. Stiglitz

Part of the International Economic Association Series book series (IEA)

Table of contents

About this book

Introduction

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 continued to grow, casting doubt on the received wisdom. The aim of this two-volume book is to analyze the current state of global and regional inequality, dissect the phenomenal increase in inequality that we have seen occur in recent times, and better understand the complex relationship between inequality and development. The political instability and conflict that we see around the world, arguably, has connection to economic deprivation of large segments of society and the perception of marginalization. This two-volume work acquires a special significance in the light of these developments.

Keywords

Inequality Growth Shared Prosperity Wealth Poverty Prejudice Discrimination Latin America India Arab Countries development Economic Development economic growth evolution growth Welfare

Editors and affiliations

  • Kaushik Basu
    • 1
  • Joseph E. Stiglitz
    • 2
  1. 1.World BankUSA
  2. 2.Columbia UniversityNew YorkUSA

Bibliographic information

  • DOI https://doi.org/10.1057/9781137554543
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, London
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-137-55453-6
  • Online ISBN 978-1-137-55454-3
  • About this book