Buying from the broadsheets - BusinessWorld Online

Buying from the broadsheets - BusinessWorld Online

Some 13 years ago, Nobel Laureate Joseph E. Stiglitz published The Price of Inequality. He anticipated that readers might be surprised to encounter a chapter on macroeconomics — growth, inflation, interest rates, and employment — in a book ostensibly about inequality. Yet the connection is fundamental. Macroeconomic instability is not socially neutral. When inflation accelerates, growth falters, jobs become scarce, or interest rates rise, the bu…