A Comprehensive Review on Capital Structure Theories
AbstractIncome inequality and income distribution have always represented a foremost topic with important economic, political and social implications. The large income disparities both at a national and global level present nowadays an even greater importance since after three decades of global capitalism, the anticipated and desired convergence of world economies fails to materialize. In recent decades, the large income gaps still remained: the poorest fifth of the world population possessed in 2009 only 1.4% of global incomes while the richest fifth owned 82.7% of global revenues. The present paper aims to illustrate the underlying causes of the persistent income inequality from the recent decades performing the analysis from the interventionist economic theory perspective developed by John Maynard Keynes.
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Bibliographic InfoArticle provided by Department of International Business and Economics from the Academy of Economic Studies Bucharest in its journal Romanian Economic Journal.
Volume (Year): 16 (2013)
Issue (Month): 47 (March)
D31; E12; O15; O43.;
Find related papers by JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
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- Edward N. Wolff, 2012. "The Asset Price Meltdown and the Wealth of the Middle Class," NBER Working Papers 18559, National Bureau of Economic Research, Inc.
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