
The Trouble with Abundance
“Abundance” sounds appealing, but institutional competence and economic wisdom matter more than uplifting slogans.
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Jeffrey Frankel, Professor of Capital Formation and Growth at Harvard University, served as a member of President Bill Clinton’s Council of Economic Advisers. He is a research associate at the US National Bureau of Economic Research.

“Abundance” sounds appealing, but institutional competence and economic wisdom matter more than uplifting slogans.

When it comes to the rise in economic inequality since the 1970s in the United States and some other advanced economies, it doesn’t really matter