Productivity growth is not the only source of increases in material well-being for the majority

Created
Mon, 18/08/2025 - 16:50
Updated
Mon, 18/08/2025 - 16:50
One of the issues that emerges when one is studying undergraduate macroeconomics is that there is a curious disregard for the role that income and wealth distribution play in determining the aggregate outcomes, that are at the centre of the study. Most students in my cohort didn’t think about that and the curriculum certainly didn’t…