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) alternative modes of redistribution in face of inequality increasing tendencies. …
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improve people's understanding of the world, policy makers cannot wait for scholars to satisfy all of their doubts or resolve … their differences. Decisions must be made with only partial knowledge of the world. One consequence is that most policy … decisions, however well informed, take on the character of experiments, which yield useful information about the way the world …
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This paper explores the question of structural transformation and income distribution through the eyes of the pioneer in such analysis, Simon Kuznets. It argues that his 1955 paper stands the test of time in providing insights which are relevant to understanding current phenomena like the...
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