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Growth, inequality, and globalization : theory, history, and policy / Philippe Aghion and Jeffrey G. Williamson.
By: Aghion, Philippe.
Contributor(s): Williamson, Jeffrey G.Material type: BookSeries: Raffaele Mattioli lectures. Publisher: Cambridge ; New York : Cambridge University Press, 1998Description: viii, 207 p. : ill. ; 22 cm.Content type: text Media type: unmediated Carrier type: volumeISBN: 0521659108 (pbk.) ; 9780521659109 (pbk.) .Subject(s): Economic development | Income distributionDDC classification: 338.9 AGH Online resources: Table of contents
|Item type||Current location||Call number||Status||Date due||Barcode|
|Book||Indian Institute for Human Settlements, Bangalore||338.9 AGH 007943 (Browse shelf)||Available||007943|
Includes bibliographical references and indexes.
Introduction / Philippe Aghion and Jeffrey G. Williamson
Pt. I. Inequality and economic growth / Philippe Aghion
Pt. II. Globalization and the labor market: using history to inform policy / Jeffrey G. Williamson. 1. Globalization, labor markets and convergence in the past. 2. Globalization and the causes of workers' living standard convergence in the past. 3. Policy backlash: can the past inform the present?
These Raffaele Mattioli Lectures have brought together two of the world's leading economists, Professors Philippe Aghion (a theorist) and Jeffrey Williamson (an economic historian), to question the conventional wisdom on inequality and growth, and address its inability to explain recent economic experience. Professor Aghion assesses the affects of inequality on growth, and asks whether inequality matters: if so why is excessive inequality bad for growth, and is it possible to reconcile aggregate findings with macroeconomic theories of incentives? In the second part Jeffrey Williamson discusses the Kuznets hypothesis, and focuses on the causes of the rise of wage and income inequality in developed economies.