On the Earliest Economic Growth and Income Inequality; or Modified Old Philosophical, Forgotten or Ignored, Study Reconsidered and Developed
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.
|Date of creation:||28 Mar 2013|
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- Cecilia García-Peñalosa & Stephen Turnovsky, 2006.
"Growth and income inequality: a canonical model,"
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- Naqvi, Nadeem, 2008. "Real economy causes of the Great Deprivation of early 21st Century," MPRA Paper 11369, University Library of Munich, Germany.
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- Panizza, Ugo, 2002. "Income Inequality and Economic Growth: Evidence from American Data," Journal of Economic Growth, Springer, vol. 7(1), pages 25-41, March.
- Barro, Robert J, 2000. "Inequality and Growth in a Panel of Countries," Journal of Economic Growth, Springer, vol. 5(1), pages 5-32, March.
- Lee, Woojin & Roemer, John E, 1998. "Income Distribution, Redistributive Politics, and Economic Growth," Journal of Economic Growth, Springer, vol. 3(3), pages 217-240, September. Full references (including those not matched with items on IDEAS)
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