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The Great Laissez-Faire Experiment

The Great Laissez-Faire Experiment

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This report compares the performance of the United States with other high-income countries on income inequality, economic growth, and the sharing of that growth with the vast majority of households.
This report compares the performance of the United States with other high-income countries on income inequality, economic growth, and the sharing of that growth with the vast majority of households.

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Published by: Center for American Progress on Dec 04, 2013
Copyright:Attribution Non-commercial

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12/19/2013

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 WWW.AMERICANPROGRESS.ORG
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The Great Laissez-Faire Experiment
American Inequality and Growth from an International Perspective
By David R. Howell December 2013
 
The Great Laissez-Faire Experiment
American Inequality and Growth from an International Perspective
By David R. Howell December 2013
 
 1 Section 1: Introduction and summary 11 Section 2: American inequality— an exceptional performance 17 Section 3: Behind extreme inequality— the laissez-faire experiment 28 Section 4: From inequality to economic growth— two narratives 34 Section 5: American economic growth— an unexceptional post-1980 performance 40 Section 6: Inequality and growth— a payoff to lower inequality? 45 Section 7: Shared growth— the United States gets a failing grade 49 Section 8: Conclusion— back to shared growth 53 References 56 Endnotes
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