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Is Economics Promoting Inequality?

Person in a blue shirt stacks coins into 3 stacks.
October 15, 2025

Kaushik Basu, CRADLE

Mainstream economics has often underestimated the critical role of trust and cooperation in enabling prosperity. As a result, it has justified and even encouraged the greed, exploitation, and extreme inequality that are eroding political accountability, contributing to rising nationalism, and undermining human well-being.

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