The Corrosive Qualities of Inequality: The Roots of the Current Meltdown

Michael Perelman

Challenge, 2008, vol. 51, issue 5, 40-64

Abstract: To this author, it is remarkable how many economists defend high levels of income inequality. He argues to the contrary, that inequality not only breeds corruption and poor business practices, it is on balance detrimental to economic growth. His new book covers a lot of ground, but he has boiled down some of the lesson in this piece.

Date: 2008
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DOI: 10.2753/0577-5132510503

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