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The Unequal State of America: Does income inequality matter? And how?
Re: David Moss
David A. Moss, a historian at Harvard Business School, said that periods of high income inequality correlate with financial crashes, citing the 1929 stock market crash and the current recession as examples. A 2011 International Monetary Fund study found that inequality produced economic volatility in several countries. In general, more-equal societies had longer periods of sustained economic growth than unequal ones, it concluded.