Jagdish Bhagwati is Arthur Lehman Professor of Economics and professor of political science at Columbia University. He is also a visiting scholar at the American Enterprise Institute in Washington, D.C.
The recent global progress of democracy has been accompanied by increasing economic inequality. What are the implications for the quality of democracy and for its ability to endure?
Read the full essay here. The recent history of Eastern Europe can best be understood as a transition to a new social contract between the postcommunist state that emerged from…