Lucas vs. Lucas: On Inequality and Growth

@article{Crdoba2007LucasVL,
  title={Lucas vs. Lucas: On Inequality and Growth},
  author={Juan Carlos C{\'o}rdoba and Geneviève Verdier},
  journal={Economic Growth},
  year={2007}
}
Lucas (2004) asserts that 'Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion, the most poisonous, is to focus on questions of distribution...The potential for improving the lives of poor people by finding different ways of distributing current production is nothing [Italics in the original] compared to the apparently limitless potential of increasing production.' In this article we evaluate this claim using an extended version of Lucas' (1987) welfare… Expand
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