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 …