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Global Bookmark offers long-form examinations of global trends and challenges, viewed through the lens of important new books.
How Inequality Reduces Growth
There are numerous theories for why the US economy has continued to benefit the few at the expense of the many, and because these explanations are not mutually exclusive, it helps to consider them all. Fortunately, a new book by a leading light of macroeconomics does precisely that.
https://prosyn.org/N7mjXu3
CAMBRIDGE – As the neoliberal epoch draws to a close, two statistical facts stand out. There has been a continuing increase in income and wealth inequality since 1980, especially in the United States; and there has been a marked slowdown in productivity growth across the developed world since 2000.