Editor of Econs.online
Central banks do not have tools to reduce inequality, but this does’t mean that they can do nothing to make a society more equitable. They are able to contribute to this goal by fulfilling their mandate, namely by keeping inflation low and preventing financial crises.
American economist Robert Allen on how the manufacturing sector is being destroyed by the service sector, why educational policy has its limits, and on the lessons one can draw from the Industrial Revolution and the whaling industry.
