The paper provides an overview of the key issues discussed in the recent economic literature on inequality. It highlights such topics as measurement subtle- ties; dynamics in inequality levels; possible drivers behind inequality growth; relationship between inter- and intra-countries’ inequality; shape of long-term trends (the Kuznets hypothesis); effects of inequality on economic growth; sup- posed earnings stagnation in developed countries; increased remuneration gap between top-managers and other workers; growing share of capital incomes in GDP; relationship between market competition and inequality; various norma- tive aspects. A general conclusion is that in normative terms inequality per se represents a pseudo-problem though it might be a manifestation of different fundamental economic and social problems.