Teaching macro: Inequality and growth according to Standard & Poor’s

Economists at Standard & Poor’s Ratings Services are the authors of the straightforwardly titled “How Increasing Inequality is Dampening U.S. Economic Growth, and Possible Ways to Change the Tide.” The fact that S.&P., an apolitical organization that aims to produce reliable research for bond investors and others, is raising alarms about the risks that emerge from income inequality is a small but important sign of how a debate that has been largely confined to the academic world and left-of-center political circles is becoming more mainstream.

via A New Report Argues Inequality Is Causing Slower Growth. Here’s Why It Matters. – NYTimes.com.

HT: Georgy Norkin

About mkevane

Economist at Santa Clara University and Director of Friends of African Village Libraries.
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