Unequal Gains: American Growth and Inequality since 1700
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Action & Adventure
Science & Technology
History
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Format
Paperback
Pages
424
Language
English
Published
Dec 5, 2017
Publisher
Princeton University Press
Edition
Reprint
ISBN-10
0691178275
ISBN-13
9780691178271
Description
In exploring the interplay between economic growth and inequality in America over more than three centuries, Peter H. Lindert and Jeffrey G. Williamson present a comprehensive analysis that addresses both historical context and contemporary relevance. They delve into a range of economic data to illustrate the dynamic shifts in wealth distribution from 1700 to the present, revealing how periods of significant growth have often been accompanied by rising disparities.
The authors argue that understanding this relationship is crucial for formulating effective economic policies today. By drawing on rich historical narratives and robust statistical evidence, they shed light on the complexities of American prosperity, challenging the notion that growth, in isolation, leads to equitable outcomes. Their work prompts readers to consider the implications of inequality and growth, ultimately urging a nuanced examination of how economic progress can be both a blessing and a burden for different societal segments.
The authors argue that understanding this relationship is crucial for formulating effective economic policies today. By drawing on rich historical narratives and robust statistical evidence, they shed light on the complexities of American prosperity, challenging the notion that growth, in isolation, leads to equitable outcomes. Their work prompts readers to consider the implications of inequality and growth, ultimately urging a nuanced examination of how economic progress can be both a blessing and a burden for different societal segments.
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