More unequal countries grow slower. Individual countries grow faster when incomes are more equal

In his important new book, “The Darwin Economy,” Robert H. Frank of Cornell University cites a study showing that among 65 industrial nations, the more unequal ones experience slower growth on average. Likewise, individual countries grow more rapidly in periods when incomes are more equal, and slow down when incomes are skewed.

#economy #wealthdistribution #inequality #income #developingcountries