The Political Economy Of Inequality
AbstractThe extent of inequality in society is determined by the distribution of assets, the rates of returns on different assets, and government policy. All of these things are deeply political and reflect the balance of political power in society and the institutions to which this balance gives rise. I illustrate this perspective on the determination of inequality by a case study of the Sudan and argue that in the Middle East and North African countries it suggests a paradox - inequality is much lower than one might anticipate. I make some conjectures about why this might be based on a comparison with the historical development of inequality in Latin America.
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Bibliographic InfoPaper provided by Economic Research Forum in its series Working Papers with number 493.
Length: 22 pages
Date of creation: Jun 2009
Date of revision: Jun 2009
Publication status: Published by The Economic Research Forum (ERF)
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-26 (All new papers)
- NEP-ARA-2010-06-26 (MENA - Middle East & North Africa)
- NEP-HIS-2010-06-26 (Business, Economic & Financial History)
- NEP-POL-2010-06-26 (Positive Political Economics)
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