2min chapter

Democracy Paradox cover image

Branko Milanovic on Different Visions of Inequality

Democracy Paradox

CHAPTER

The Personal Nature of Economic Inequality and its Impact on Individuals

This chapter explores how economic inequality feels personal as it involves comparison to others within the same society, contrasting it with the abstract concept of economic growth. It emphasizes the significance of economic growth and distribution in improving lives and how distribution impacts individuals' perceptions of inequality.

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