How Inequality Spoils the Achievements of Economic Growth ; T NEWS ANALYSIS across the World, Real Incomes Have Risen Sixfold in the Last 100 Years, but They Are Distributed More Unfairly Than Ever

Diane Coyle Economics Editor, The Independent (London, England)

ECONOMISTS ARE just as prone to looking back over the past century as everybody else, so this is an appropriate time to consider the economic achievements - and failures - of the 20th century. A special edition of the Oxford Review of Economic Policy does exactly this, with a fascinating collection of essays and statistics on the world economy from 1900 to the present.

There is good news and bad news. The introduction describes the unprecedented increase in productivity and living standards compared with earlier eras. Never before in history has so much of the world experienced such sustained economic growth. Average world output per head, adjusted for inflation, …

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Publication information: Article title: How Inequality Spoils the Achievements of Economic Growth ; T NEWS ANALYSIS across the World, Real Incomes Have Risen Sixfold in the Last 100 Years, but They Are Distributed More Unfairly Than Ever. Contributors: Diane Coyle Economics Editor - Author. Newspaper title: The Independent (London, England). Publication date: January 17, 2000. Page number: 14. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.

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