[Jeffrey Frankel] Oligarchy fallacy in achieving enlightened policies
Apr 28, 2014
CAMBRIDGE, Massachusetts ― Income inequality has received a lot of attention lately, particularly in two arenas where it previously received little: American public debate and the International Monetary Fund. A major reason is concern in the United States that income inequality has returned to Gilded Age extremes; but inequality has increased in many other parts of the world as well, and remains high in Latin America. What have we learned so far? Perhaps what is most interesting about the curren