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“He looks at what has happened in terms of inequality, how we measure it, what kinds of tax and welfare and other policies we could use to reduce inequality. Atkinson did a lot of the groundwork on this topic, because when he was first working on it in the 1990s it was quite controversial, just showing that the long increase in equality that had occurred throughout most of the 20th century was being reversed. That coincided with—and here I would say that it was a result of—the macropolicies of people like Thatcher and Reagan. So inequality, which had been declining steadily, started to rise in the 1980s and has kept on rising.” Read more...
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John Quiggin, Economist
