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Olivier Blanchard

Combating Inequality

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Leading economists and policymakers consider what economic tools are most effective in reversing the rise in inequality.
Economic inequality is the defining issue of our time. In the United States, the wealth share of the top 1% has risen from 25% in the late 1970s to around 40% today. The percentage of children earning more than their parents has fallen from 90% in the 1940s to around 50% today. In Combating Inequality, leading economists, many of them current or former policymakers, bring good news: we have the tools to reverse the rise in inequality. In their discussions, they consider which of these tools are the most effective at doing so.
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  • Jan Nohas quoted3 years ago
    a high evidentiary threshold also restricts us to the margins of existing policies and
    small scale changes. We necessarily have good evidence only on policies that have been tried.
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    • Jan Nohas quoted3 years ago
      Do we seek a gradual evolution of our policies or a more wholesale revolution? This is perhaps at least as much a question of temperament as of economics.
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      • Jan Nohas quoted3 years ago
        Do we only pursue policies for which there is good evidence, or are we willing to be bolder and to experiment?
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