The classical perspective, as expressed by Adam Smith, and others, suggests that inequality fosters the growth process. Specifically, since the aggregate saving increases with inequality due to higher property to save among the wealthy, the classical viewpoint suggests that inequality stimulates capital accumulation and therefore economic growth.
thE cLassiCaL pERSpeCtIVe, aS ExprEssed By adam smith, and otHErS, suGgests ThAt iNeqUaLIty foStErs the gROWTH procEss. specifiCallY, sINce ThE aggRegate savIng incrEasES witH iNeQuality DUe to hIgher pROpErty to savE amOng tHe wEAlThy thE ClassICal vIEwPOINt suggEsts tHAT IneQuaLity sTimulAteS cApitaL AccuMulatIon and thEReFOre eCoNomIC grOwth.