Choices on Wealth, Environment, and Public Goods

What is the role of government in modern economies? Is it possible to create a more equal society without sacrificing economic freedom or wealth? Should we emphasize equal opportunities or equal outcomes? The idea of “inclusive growth” seeks to strike this balance.

Since the term can be open to interpretation, let me offer a definition: Inclusive growth seeks to boost national wealth and well-being while reducing poverty, ensuring equity across generations, and preserving economic freedoms.

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