On the Earliest Economic Growth and Income Inequality; or Modified Old Philosophical, Forgotten or Ignored, Study Reconsidered and Developed
AbstractExisting 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 45448.
Date of creation: 28 Mar 2013
Date of revision:
Division of Labor; Economic Growth; Freedom; Income Inequality;
Find related papers by JEL classification:
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-30 (All new papers)
- NEP-FDG-2013-03-30 (Financial Development & Growth)
- NEP-HIS-2013-03-30 (Business, Economic & Financial History)
- NEP-PBE-2013-03-30 (Public Economics)
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