Distribution matters: Why inequality is a big macroeconomic problem w/Princeton Prof. Atif Mian скачать в хорошем качестве

Distribution matters: Why inequality is a big macroeconomic problem w/Princeton Prof. Atif Mian

Princeton University economist Atif Mian says record wealth inequality has become a major macroeconomic problem. Born and raised in Pakistan, Mian came to the United States to study math and engineering at MIT, where he discovered economics and eventually earned his PhD. After the 2008 financial crisis, he rose to prominence with his groundbreaking research on the relationship between debt, the financial sector, wealth concentration, and the macroeconomy, which culminated in his influential book “House of Debt,” with colleague Amir Sufi. Mian says “distribution matters,” and that runaway inequality has pushed the global economy dangerously out of balance. To rebalance it, he says, will require looking at regulations, incentives, inherited wealth, and particularly taxation, especially on unproductive assets.. Mian joins Economics for Inclusive Prosperity Podcast host Ralph Ranalli to talk about how we got here, what it means if we do nothing, and ways we might be able to get to a better, more sustainable place.