(noun) Causes and consequences of population characteristics, in blog form
Saturday, January 19, 2013
Stiglitz on macro effects of inequality
Today Joe Stiglitz blogs about some costs of inequality and in particular why he feels it is responsible for the slow recovery. For me the notable statistic was that growth in the pre-crisis decade "was reliant" on the bottom 80 percent of households spending 110% of their incomes. Nothing like giving one hundred and ten percent.