Wednesday, March 4, 2015
Larry Summers Tells Us What To Do About Rising Inequality
Larry Summers is probably the most influential economist within the Democratic Party elite. He was asked to clarify some of the comments that he had made in a speech at the Brookings Institute when he argued that education was not the solution to rising inequality. His clarifications are reported in this post. He understands that this is complex issue and his analysis goes to the heart the interactive issues that need to be teased apart. His framework for looking at these issues ought to be a starting place for those interested in the intersections between education, technology and rising income income inequality. He also provides some approaches that will be required to address the forces that are underway today, and which will be even more pronounced in the future as the global economy continues to evolve.