Basu, Kaushik (ed.); Stiglitz, Joseph E. (ed.) - 2016
. But, as time passed and growth persisted, inequality continued to grow, casting doubt on the received wisdom. The aim of …It was a part of the wisdom of mainstream economics that in the early stages of development inequality would rise but … as growth persisted, it would, eventually, decline. Early evidence seemed to suggest that this pattern would be borne out …