Inequality and Aggregate Demand, by with Adrien Auclert and Mathew Rognile:
The authors find that economies with very large groups of poor people grow less. A true result, mainly because the math demands it. To come to a conclusion requires an economy under study that has a stable, and large group of poor people. That condition can only be fulfilled with low growth. Both the economy and the researcher have to obey the laws of summation. If you have large groups of poor, the they will do poor things in a sequence, which you can index with time.
No comments:
Post a Comment