Jay Thomas Chittooran: This paper focuses on the relationship between economic growth and income distribution. Previous attempts to study this relationship have ignored, for the most part, government social spending aimed at the redistribution of wealth.
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Casey S Butterfield: Income mobility in the United States is not as high as people think. If the US economy is so excitingly dynamic, why do children in Canada and Europe have a better chance of surpassing their parents’ incomes?
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The United States and China will compete over global power, but that competition is likely to be more about politics than economics. ++ China can overcome American hegemony not by buying loyalty with economic aid but by developing a more equal and “moral” society. ++ As the gap between rich and poor in the US grows, China would do well by playing on moral leaderships and building
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