Wisdom on Inequality

From p. 145 of Arvind Panagariya’s 2019 book Free Trade and Prosperity: How Openness Helps the Developing Countries Grow Richer and Combat Poverty:

“[In] the developing countries, wisdom lies in attacking inequality through poverty alleviation rather than by focusing on inequality, which comes in many forms. Excessive preoccupation with inequality risks the adoption of policies that undermine wealth creation and hence poverty alleviation.”

Moreover, the arguments holds in all countries, not just developing ones. The poor are best served by tending to people, not ratios.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s