Excessive inequality has become a defining in economics recently. President Obama says that inequality is the defining issue of our time and according to the Director of the IMF, Christine Lagarde, excessive inequality is corrosive to growth; it is corrosive to society. The economics profession and policy community have downplayed inequality for too long. And the economist at the IMF said, we find that longer growth spells are robustly associated with more equality in the income distribution. Reduced inequality and sustained growth may thus be two sides of the same coin. So, you can economic growth for short periods by doing a whole range of things but to sustain it, you need reduced inequality.