Update: Punch and Judy and inequality
I promised to revisit Robert Wade's comments about my column on inequality. My article was mainly concerned with the causes of rising inequality within and between countries, drawing attention to recent IMF findings that liberal trade was not to blame--just the opposite in fact, liberal trade is equalising--and that the main culprit is technological change. In passing I observed that "one world" inequality--that is inequality across all the world's people… More »
