The central theme of this paper is the character and causes of long-term changes in the personal distribution of income. Does inequality in the distribution of income increase or decrease in the course of a country's economic growth? What factors determine the secular level and trends of income inequalities?
Simon KuznetsRelated topics
central character course decrease distribution growth income increase inequality level paper personal secular themeRelated quotes
The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.
Timothy Geithner
For an entire populace, change, growth, and spontaneity were dangerous. Acting upon a personal desire, whispering a hidden longing, revealing your true feelings - all the human actions we think of as essential to a character - had be censored by the self lest they be punished by the state.
Adam Johnson
Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0% balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.
Frances O'Grady
