Joshua Tree Enterprises

Sign Up for Newsletter

About this Entry

This page contains a single entry by Associate Editor published on October 21, 2010 5:30 PM.

NYT: Banks Shared Clients' Profits, but Not Losses was the previous entry in this blog.

CTJ Wants More Estate Tax Than Obama is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

NYT: Income Inequality -- Too Big to Ignore

TrackBacks (0)

In an article by Robert H. Frank, economics professor at the Johnson Graduate School of Management at Cornell University, titled " Income Inequality: Too Big to Ignore" and published in The New York Times, Mr. Frank addresses and analyzes the issue of income inequality and its effect on the well being of the world economies.  While some philosophers address inequality through principles of justice and fairness, from the economic standpoint, the countries where income inequality grew fastest showed the biggest increases in symptoms of financial distress, which could be evidenced in increases in bankruptcy filings, higher divorce rates and personal financial distress.  On the other hand, there is no persuasive evidence that greater inequality bolsters economic growth or enhances anyone's well being.

Please click here for the article.  

Posted by Mariya V. Link, Associate Editor, Wealth Strategies Journal 

0 TrackBacks

Listed below are links to blogs that reference this entry: NYT: Income Inequality -- Too Big to Ignore.

TrackBack URL for this entry: http://www.wealthstrategiesjournal.com/mt/mt-tb.cgi/4098