‘This book shows that, far from being either necessary or good for growth, inequality leads to weaker economic performance. These conclusions come from careful research conducted over several years.’ - From the foreword by Joseph Stiglitz, Nobel Laureate in Economics‘The IMF has been an unlikely accompaniment to the chorus of voices speaking out against increasing inequality, influenced primarily by the work of these authors. Backed by sensible empirical work, their arguments deserve to be read and discussed widely.’ - Raghuram G. Rajan, University of Chicago Booth School of Business‘We must move from assessing the effects of economic policies only on growth to assessing their effect on both growth and inequality. This book represents an important start at addressing the issue.’ - Olivier Blanchard, former chief economist, International Monetary Fund‘Coming from the top IMF economists, this new approach may herald a major change in global policies such that attention is paid to both growth and equality.’ - Branko Milanovic, the Graduate Center, City University of New York‘Ostry, Loungani, and Berg tell a compelling story—in a pithy, accessible way—about how inequality hurts economic growth and stability and how to design policies to deliver a more inclusive growth.’ - Heather Boushey, executive director and chief economist, Washington Center for Equitable Growth‘A cogent and concise summary of what we know about inequality and about how to reduce it.’ - Jeffry Frieden, Harvard University