The Cost of Inequality : Why Economic Equality is Essential for Recovery

Author: Lansley, Stewart

Macroeconomics

Published on 28 February 2012 by Gibson Square Books Ltd in the United Kingdom.

How are we to regain economic growth? In this seminal new book based on 60 years of data, economist Stewart Lansley shows that economic equality is necessary for economic growth. Like a tumour, the economy for the rich has grown at least 10-fold in countries like Britain and the US, sucking in ever-increasing quantities money away from circulating in the real economy. 30 years after the creed that inequality is good for us all became common wisdom, it is clear that the experiment has failed and a world of two economies has grown up. In order to regain growth in the west, we need to dismantle the economy of the rich if we want to prevent a permanent recession.