Abstract
All the main things that are most directly on people’s minds now in the developed world involve macroeconomics. They involve the issues of deflation, or the approach of deflation, and monetary policy that seems to be reaching its limits. Liquidity traps are no longer just something that happened in the 1930s, or something that happens only in Japan.
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References
Benabou, Roland (2000) ‘Unequal Societies: Income Distribution and the Social Contract’, American Economic Review, vol. 90, pp. 96–129.
Piketty, Thomas and Emmanuel Saez (2003) ‘Income Inequality in the United States, 1913–1998’, Quarterly Journal of Economics, vol. 118, no. 1, pp. 1–39.
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© 2004 Paul Krugman
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Krugman, P. (2004). The Problem of Inequality. In: Stephenson, H. (eds) Challenges for Europe. Palgrave Macmillan, London. https://doi.org/10.1057/9780230524491_4
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DOI: https://doi.org/10.1057/9780230524491_4
Publisher Name: Palgrave Macmillan, London
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