Some argue that a “good” economy, measured as productivity-enhancing, free market policies, is better than a “just” economy for promoting social harmony. Growth is needed to increase a middle class, but growth may also increase income disparity, creating political instability. We examine...

Some argue that a “good” economy, measured as productivity-enhancing, free market policies, is better than a “just” economy for promoting social harmony. Growth is needed to increase a middle class, but growth may also increase income disparity, creating political instability. We examine...

Some blame free-market capitalism for increasing income inequality, arguing that the richer classes could block access to others for maintaining their privileges. By manipulating the degree of political rights and resources available to others, the rich could reduce opportunities for others....

The global economic downturn has heightened concerns about intervention by global financial institutions and the maintenance of political stability. At least one, prominently-published article purports to show that signing on to an IMF structural adjustment program (SAP) increases the risk of...