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Equality, Wealth, and Political Stability

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  • Posner, Richard A

Abstract

The relation between economic equality and political stability presents an issue of great importance in view of recent increases in economic inequality in the United States and many other countries. This article presents theoretical reasons and empirical evidence derived from a large sample of the economic and political data of many different countries in support of the proposition that average incomes in a society, rather than the equality or inequality of the income distribution, increase political stability. Copyright 1997 by Oxford University Press.

Suggested Citation

  • Posner, Richard A, 1997. "Equality, Wealth, and Political Stability," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 13(2), pages 344-365, October.
    • Handle: RePEc:oup:jleorg:v:13:y:1997:i:2:p:344-65
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    Cited by:

    1. Lotfali Agheli, 2017. "Political Stability, Misery Index and Institutional Quality: Case Study of Middle East and North Africa," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 30-46.
    2. Hibrahim LIMI KOUOTOU, 2022. "L’effet du conflit de générations entre chef d’Etat et population sur les risques d’instabilité politique en Afrique," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 56, pages 25-40.
    3. Luca Agnello & Vitor Castro & João Tovar Jalles & Ricardo M. Sousa, 2017. "Income inequality, fiscal stimuli and political (in)stability," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 24(3), pages 484-511, June.
    4. Tesfaye A. Gebremedhin & Astghik Mavisakalyan, 2013. "Immigration and Political Instability," Kyklos, Wiley Blackwell, vol. 66(3), pages 317-341, August.
    5. Ms. Sonali Jain-Chandra & Niny Khor & Rui Mano & Johanna Schauer & Mr. Philippe Wingender & Juzhong Zhuang, 2018. "Inequality in China – Trends, Drivers and Policy Remedies," IMF Working Papers 2018/127, International Monetary Fund.
    6. Richters, Oliver & Siemoneit, Andreas, 2017. "Fear of stagnation? A review on growth imperatives," VÖÖ Discussion Papers 6/2017, Vereinigung für Ökologische Ökonomie e.V. (VÖÖ).
    7. Richters, Oliver & Siemoneit, Andreas, 2019. "Growth imperatives: Substantiating a contested concept," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 126-137.
    8. Ivo Bischoff, 2007. "Model Uncertainty, Political Learning, and Institutions: A Broader View on Mancur Olson's Theory of Institutional Sclerosis," Southern Economic Journal, John Wiley & Sons, vol. 74(1), pages 34-49, July.
    9. Oliver Richters & Andreas Siemoneit, 2018. "The contested concept of growth imperatives: Technology and the fear of stagnation," Working Papers V-414-18, University of Oldenburg, Department of Economics, revised Nov 2018.

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