RG

IN CONTEXT

FOCUS

Growth and development

KEY THINKERS

Alberto Alesina (1957–)

Dani Rodrik (1957–)

BEFORE

1955 US economist Simon Kuznets publishes Economic Growth and Income Inequality, which concludes that inequality is a side effect of growth.

1989 US economists Kevin Murphy, Andrei Shleifer, and Robert Vishny claim income distribution affects demand.

AFTER

1996 Italian economist Roberto Perrotti claims that there is no link between lower taxes and higher growth.

2007 Spanish economist Xavier Sala-i-Martin argues that growing economies have reduced inequality.

For much of the 20th century economists asked themselves how economic growth affects people’s incomes. ...

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