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On the Earliest Economic Growth and Income Inequality; or Modified Old Philosophical, Forgotten or Ignored, Study Reconsidered and Developed

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  • Atayev, Atabek

Abstract

Existing economic literature provides contradictory or insufficient explanations of relation between income inequality and economic growth. I propose that the reason is that the authors fail to consider fundamental forces which have given occasion to the variables and historical background of the issue. My analysis is focused on studying causes of the earliest income inequality and economic growth accompanied by inequality. I find that external power exercised by slave owners is force which has given occasion to inequality and growth. This finding provides fundamentally different understanding of the issue.

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File URL: http://mpra.ub.uni-muenchen.de/46596/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 45448.

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Date of creation: 28 Mar 2013
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Handle: RePEc:pra:mprapa:45448

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Keywords: Division of Labor; Economic Growth; Freedom; Income Inequality;

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  1. Branko Milanovic, 2006. "Global Income Inequality: What It Is And Why It Matters?," Working Papers 26, United Nations, Department of Economics and Social Affairs.
  2. Barro, Robert J, 2000. " Inequality and Growth in a Panel of Countries," Journal of Economic Growth, Springer, vol. 5(1), pages 5-32, March.
  3. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2005. "Growth and Income Inequality: A Canonical Model," Working Papers UWEC-2006-04-P, University of Washington, Department of Economics, revised Jan 2005.
  4. Abhijit V. Banerjee & Esther Duflo, 2000. "Inequality and Growth: What Can the Data Say?," NBER Working Papers 7793, National Bureau of Economic Research, Inc.
  5. Lee, Woojin & Roemer, John E, 1998. " Income Distribution, Redistributive Politics, and Economic Growth," Journal of Economic Growth, Springer, vol. 3(3), pages 217-40, September.
  6. Naqvi, Nadeem, 2008. "Real economy causes of the Great Deprivation of early 21st Century," MPRA Paper 11369, University Library of Munich, Germany.
  7. Panizza, Ugo, 2002. " Income Inequality and Economic Growth: Evidence from American Data," Journal of Economic Growth, Springer, vol. 7(1), pages 25-41, March.
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