HKS Affiliated Authors
Rafik Hariri Professor of the Practice of International Political Economy
Excerpt
Excerpt
Redistribution or Inclusion? Ricardo Hausmann, January 30, 2015, Opinion. "The issue of rising income inequality loomed large at this year’s World Economic Forum in Davos. As is well known, the United States’ economy has grown significantly over the past three decades, but the median family’s income has not. The top 1% (indeed, the top .01%) have captured most of the gains, something that societies are unlikely to tolerate for long. Many fear that this is a global phenomenon with similar causes everywhere, a key claim in Thomas Piketty’s celebrated book 'Capital in the Twenty-First Century.' But this proposition may be dangerously..." Link