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Why Has Income Inequality Remained on the Sidelines of Public Policy for So Long?

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  • Robert Wade

Abstract

For all the talk about inequality these days, Robert Wade argues that little is done about it. He cites eight reasons. But perhaps the most important is that the center-left in country after country has bought into the prevailing neoclassical model that it is actually efficient economically. Wade says that for the sake of our futures, we had better change our tune.

Suggested Citation

  • Robert Wade, 2012. "Why Has Income Inequality Remained on the Sidelines of Public Policy for So Long?," Challenge, Taylor & Francis Journals, vol. 55(3), pages 21-50.
    • Handle: RePEc:mes:challe:v:55:y:2012:i:3:p:21-50
    DOI: 10.2753/0577-5132550302
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    References listed on IDEAS

    as
    1. Roemer, J.E., 2011. "GINI DP 8: The Ideological and Political Roots of American Inequality," GINI Discussion Papers 8, AIAS, Amsterdam Institute for Advanced Labour Studies.
    2. Robert Wade, 2009. "From global imbalances to global reorganisations," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(4), pages 539-562, July.
    3. Thomas Piketty & Emmanuel Saez, 2003. "Income Inequality in the United States, 1913–1998," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(1), pages 1-41.
    4. Colander, David & Klamer, Arjo, 1987. "The Making of an Economist," Journal of Economic Perspectives, American Economic Association, vol. 1(2), pages 95-111, Fall.
    5. Colander, David, 2003. "The Aging of an Economist," Journal of the History of Economic Thought, Cambridge University Press, vol. 25(2), pages 157-176, June.
    6. Claudia Goldin & Lawrence F. Katz, 2008. "Transitions: Career and Family Life Cycles of the Educational Elite," American Economic Review, American Economic Association, vol. 98(2), pages 363-369, May.
    7. Lynch, J.W. & Kaplan, G.A. & Pamuk, E.R. & Cohen, R.D. & Heck, K.E. & Balfour, J.L. & Yen, I.H., 1998. "Income inequality and mortality in metropolitan areas of the United States," American Journal of Public Health, American Public Health Association, vol. 88(7), pages 1074-1080.
    8. John Roemer, 2011. "Ideological and Political Roots of American Inequality," Challenge, Taylor & Francis Journals, vol. 54(5), pages 76-98.
    9. Bruno S. Frey & Reiner Eichenberger, 1993. "American and European Economics and Economists," Journal of Economic Perspectives, American Economic Association, vol. 7(4), pages 185-193, Fall.
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    Cited by:

    1. Wade, Robert Hunter, 2014. "The Piketty phenomenon: why has Capital become a publishing sensation?," LSE Research Online Documents on Economics 60118, London School of Economics and Political Science, LSE Library.
    2. Jon D. Wisman, 2015. "What Drives Inequality?," Working Papers 2015-09, American University, Department of Economics.
    3. Jon D. Wisman, 2017. "Politics, Not Economics, Ultimately Drives Inequality," Challenge, Taylor & Francis Journals, vol. 60(4), pages 347-367, July.

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