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The Economics of Inclusion: Building an Argument for a Shared Society

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  • Michael A. Valenti
  • Olivier G. Giovannoni

Abstract

This paper presents a review of the literature on the economics of shared societies. As defined by the Club de Madrid, shared societies are societies in which people hold an equal capacity to participate in and benefit from economic, political, and social opportunities regardless of race, ethnicity, religion, language, gender, or other attributes, and where, as a consequence, relationships between the groups are peaceful. Our review centers on four themes around which economic research addresses concepts outlined by the Club de Madrid: the effects of trust and social cohesion on growth and output, the effect of institutions on development, the costs of fractionalization, and research on the policies of social inclusion around the world.

Suggested Citation

  • Michael A. Valenti & Olivier G. Giovannoni, 2013. "The Economics of Inclusion: Building an Argument for a Shared Society," Economics Working Paper Archive wp_755, Levy Economics Institute.
  • Handle: RePEc:lev:wrkpap:wp_755
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    References listed on IDEAS

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    1. Graziani,Augusto, 2003. "The Monetary Theory of Production," Cambridge Books, Cambridge University Press, number 9780521812115, December.
    2. Lavoie, M, 1995. "Loansable Funds, Endogenous Money, and Minsky's Financial Fragility Hypothesis," Working Papers 95011e, University of Ottawa, Department of Economics.
    3. Gennaro Zezza, 2004. "Some Simple, Consistent Models of the Monetary Circuit," Macroeconomics 0405006, EconWPA.
    4. Claude Gnos & Louis-Philippe Rochon, 2011. "Credit, Money and Macroeconomic Policy. A Post Keynesian Approach," Post-Print halshs-01231787, HAL.
    5. Eugenio Caverzasi & Antoine Godin, 2013. "Stock-flow Consistent Modeling through the Ages," Economics Working Paper Archive wp_745, Levy Economics Institute.
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    Citations

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    Cited by:

    1. Patricia Justino, 2012. "Shared Societies and Armed Conflict: Costs, Inequality and the Benefits of Peace," HiCN Working Papers 125, Households in Conflict Network.
    2. Clem McCarthy & Wim Naudé, 2012. "Shared Societies: The Economic Case," Working Papers 2013/02, Maastricht School of Management.
    3. Lind, Hans & Annadotter, Kerstin & Björk, Folke & Högberg, Lovisa & af Klintberg, Tord, 2014. "Sustainable renovation strategy in the Swedish Million Homes Programme: A case study," Working Paper Series 14/2, Royal Institute of Technology, Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin).
    4. repec:gam:jsusta:v:8:y:2016:i:4:p:388:d:68608 is not listed on IDEAS
    5. Hans Lind & Kerstin Annadotter & Folke Björk & Lovisa Högberg & Tord Af Klintberg, 2016. "Sustainable Renovation Strategy in the Swedish Million Homes Programme: A Case Study," Sustainability, MDPI, Open Access Journal, vol. 8(4), pages 1-12, April.
    6. Daniel Hyslop, 2012. "Can the Economics of Shared Societies Support More Resilient Economies and Global Sustainability? Challenges and opportunities in an interdependent world," Working Papers 2012/31, Maastricht School of Management.

    More about this item

    Keywords

    Shared Societies; Economic Inclusion; Institutions; Economic Growth; Income Distribution;

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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