Jean-Paul Fitoussi argued that excessive inequality contributed to the financial crisis and that it undermined democracy. He suggested that economic policy-making take into consideration not only effects on output but also effects on democracy.
Jean-Paul Fitoussi is Professor of Economics at the Institut d'Etudes Politiques de Paris. He spoke in the panel "The Emerging Economic and Political Order: What Lies Ahead?", moderated by Anatole Kaletsky, at the Bretton Woods Conference on April 8, 2011.