Jump to ContentJump to Main Navigation
Towards Human DevelopmentNew Approaches to Macroeconomics and Inequality$
Users without a subscription are not able to see the full content.

Giovanni Andrea Cornia and Frances Stewart

Print publication date: 2014

Print ISBN-13: 9780198706083

Published to Oxford Scholarship Online: May 2014

DOI: 10.1093/acprof:oso/9780198706083.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 18 October 2019

The Strange Neglect of Income Inequality in Economics and Public Policy*

The Strange Neglect of Income Inequality in Economics and Public Policy*

Chapter:
(p.99) 6 The Strange Neglect of Income Inequality in Economics and Public Policy*
Source:
Towards Human Development
Author(s):

Robert H. Wade

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198706083.003.0006

The obvious answer to why income and wealth inequality has long been sidelined in Western public policy is that the rich have a vested interest in boosting issues for public attention that do not question their position and in marginalizing those that do. This chapter goes behind the obvious answer to examine: changes in ruling-class coalitions; the worries of the middle classes; economists’ defence of inequality; the tactical choices of centre-left political parties; and other factors. It concludes by spelling out how analysts on the centre-left can help to build a cross-class consensus for a more equal society by providing a sound intellectual basis for advocating more equal outcomes than exist in the Anglo-American societies. The dominant view in the latter is well summarized by Robert Lucas: ‘[O]f the tendencies that are harmful to sound economics, the most seductive and ... poisonous is to focus on questions of distribution.’

Keywords:   income inequality, wealth inequality, class interest, Anglo-American society, egalitarian society, political strategies

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .