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Full-Text Articles in Social and Behavioral Sciences
Why Equality? How Equality?: The Desirability Of A Focus On Income Distribution, Arthur Macewan
Why Equality? How Equality?: The Desirability Of A Focus On Income Distribution, Arthur Macewan
Economics Faculty Publication Series
Much of the discussion of economic development in low and middle income countries and of poverty reduction has either ignored the issue of income distribution or has tended to view income distribution only in terms of its impact on economic growth. In this paper I argue that such an approach is misguided. I will explain, first, why I believe that it is desirable to give a great deal of attention to income distribution in the analysis of economic development and poverty reduction. My argument includes conceptual, political and practical elements. Second, I will suggest some of the ways in which …
A Groundhog Day Economy In The Bay State, Alan Clayton-Matthews
A Groundhog Day Economy In The Bay State, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
The Bay State’s economic expansion peaked in December 2000, when the MassBenchmarks Current Economic Index, which is a proxy for gross state product, reached 150.2. But even before reaching that peak, warning signs were on the horizon. The MassBenchmarks Leading Economic Index, which forecasts changes in gross state product six months hence, turned negative in November 2000 and, except for one month, stayed negative for a year. The Current Index did not rise again until April 2003 and since then has risen at a stubbornly slow pace. While there have been eight successive quarters of growth in the Current Index, …