Getting inequality wrong
Thomas Piketty captured something essential in the post-Lehman mood with his study of income and wealth differentials in the developed world. More’s the pity that his policy recommendations are misguided, in part because he missed the worst kind of inequality.
During periods of economic crisis and slow growth, concerns about inequality loom larger than in times of prosperity. This was true after the 2008 financial collapse, when movements like Occupy Wall Street mobilized to fight the so-called 1 percent that was supposedly robbing the other 99 percent of society.
The post-crisis preoccupation with inequality found its most vivid analytic...
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.